Use Business Factoring To Outsource Your Receivables Department

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.

Provided by: Topic: CXO Date Added: Jan 2010 Format: HTML

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