NO
more cash flow problems, EVER! Can it be true? Construction
tight spots can be tough Ever lose sleep trying to figure
out how you were going to make payroll next week or pay
that material bill so you can get more material released?
What
about that very expensive tool that would greatly increase
your productivity
and that's available
at half-price on a sale that ends this weekend but your receivables
aren't due until after the weekend? Have you heard of "receivables
factoring"?
Essentially,
a business
owner sells his invoice(s)
to a factoring
company for the
$ amount
of
the
invoice less
a discount
fee (usually a percentage of the invoice).
The business
owner has funds in two days rather than thirty
days, and the factoring
company collects the payment from the business owner's
customer when
the invoice he bought from the business owner comes
due.
This
is definitely a viable way to keep your business afloat
during
tight times
and/or to grow your business when those opportune,
yet
often fleeting, moments present themselves. Read
more about how
factoring can stomp out your cash flow woes...
http://www.informedcontractors.com/construction-invoice-factoring.html
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