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CIT Bankruptcy Filing Highlights Importance of Factoring

News that factoring giant CIT Group Inc. filed for Chapter 11 bankruptcy protection rocked the finance industry, but the fundamentals haven’t changed: Factoring remains a lifeline for mid-to-small businesses around the world. Account receivables factoring, or invoice factoring, is one of the oldest forms of financing. Businesses have used this type of financing for nearly 500 years. … Continue reading “CIT Bankruptcy Filing Highlights Importance of Factoring”

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November 2, 2009 at 5:47 am

Get Fast Cash With Factoring — NO Loans, No Debt

Every day, companies use invoice factoring — selling unpaid invoices to a third party at a discounted rate — to provide funds to run and expand their businesses. It is one of the oldest forms of financing in the world, and dates back hundreds of years.  Major retailers use it every day. A Commercial Finance Association … Continue reading “Get Fast Cash With Factoring — NO Loans, No Debt”

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November 28, 2009 at 5:51 pm

The Difference Between Invoice Factoring And A Bank Loan

One question I’m asked a lot is the difference between a bank loan and invoice factoring. The two are very different. Both provide cash to businesses, but a loan is thought of as traditional financing; invoice factoring isnt a loan and doesn’t require any debt at all. Invoice factoring is another tool for businesses to use. … Continue reading “The Difference Between Invoice Factoring And A Bank Loan”

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December 13, 2009 at 7:42 pm

Equipment Leasing Provides Options For Small Businesses

Growing businesses often need equipment, and equipment leasing provides options for companies with tight cash flow. Often, companies with little revenue  find themselves forced to take hefty credit charges when purchaing items. Equipment leasing is a viable alternative for businesses that need equipment that allows you to lease equipment instead of buying it. Leasing equipment is often cheaper … Continue reading “Equipment Leasing Provides Options For Small Businesses”

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December 21, 2009 at 7:58 am