Mar
14
2010
Working Capital Financing Survival Tactics
Author: realarFor small businesses to survive in an erratic economy, the use of flexible financing tactics means that some small business loan alternatives which business owners previously ruled out because they were too complicated or expensive might deserve a second review. A prime example of a Plan B business financing strategy for many small businesses but not their eventual choice to obtain additional working capital financing is a accounts receivable financing program (also referred to as credit card receivables factoring). With a sudden reduction in business lines of credit and an increased requirement for collateral by many commercial lenders, the use of credit card processing to obtain working capital now has more practical appeal for the typical small business owner who needs more cash for their daily operations. (more…)
