With banks continuing to decline new commercial revolving lines of credit applications, factoring is looking like a lifesaver in a stormy sea for many B2B companies. Activity in the past 90 days has increased substantially, as companies small and large look for ways to extrapolate cash from their pending Accounts Receivable.
Factoring does not have to be painful, expensive, or abusive, IF – you choose the right company. It can be a very valuable tool to free up cash flow. Follow my Blog for the top 15 Things to Avoid when Factoring.