Banking

Factoring Considerations

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Executive Summary

Factoring to sustain a non-profitable business without some hope of profitability in the future is a sure way to drive yourself into bankruptcy. Instead, you should let your business die a dignified death. Factoring so that you can remove cash from your business is a bad idea, akin to taking out a dozen credit cards so you'll have money now. When you engage in factoring, you're essentially agreeing to a profit loss; you should only do this if you stand to make more money in the long run.

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