The facts behind factoring

There is nothing more frustrating to a business owner then having to turn away sales because he or she lacks the cash flow to support them. For companies that sell products, this means not being able to replenish inventory in time to capitalize on new opportunities. For companies in the service industry, this means not being able to pay the additional employees (or hours) needed to cover additional service requests. This problem is fairly common, especially for small and mid-size businesses.