Monday, November 22, 2010

What's the most onerous aspect of using a Factor?

The number one point of resistance to using a Factor (selling your A/R to a Factor to get your money faster), is without question the fear of giving your customers the impression that your company is in distress.

The advantages are obvious:

  • improved cash-flow
  • increased working capital
  • improved ability to fund your growth through operations
  • a potentially improved balance sheet.

You can get the advantages of factoring your A/R without scaring your customers.