Use Business Factoring To Outsource Your Receivables Department

Date Added: Jan 2010
Format: HTML

The nature of your business might be such that you might be required to provide a credit period ranging from 30 to 60 days for most of your clients. Such an arrangement could help increase your sales, but would end up putting a lot of pressure on your cash flow, thereby restricting your ability to meet your expenses, pay your employees and suppliers on time and this constriction might also put a spoke on your expansion plans. You could try to get a bank loan, in order to tide over your cash flow crisis, but it would be very difficult to meet the requirements of the bank, in order to secure the loan.