Small Business Accounting: Factoring Receivables
Factoring receivables can get you out of a cash flow crunch in a hurry. The business is keeping its head above water, but cash is tight and another bank loan just isn't an option. The cash flow pinch has your back against the wall and you're starting to wonder whether you have any options left. Well, you might have one more option before you throw in the towel. It's called factoring receivables and it may be a good way to generate cash in a hurry for your business.