Business Accounts Receivable Financing
Why is business accounts receivable factoring so popular today? Who is doing it, why are they doing it
and when is the best time to explore accounts receivable factoring agreements? The main reason for the
popularity...
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Business Accounts Receivable Financing
Why is business accounts receivable factoring so popular today? Who is doing it, why are they doing it
and when is the best time to explore accounts receivable factoring agreements? The main reason for the
popularity of factoring is the economic cycles that businesses experience.
Factoring in Canada
As economic cycles turn downward and banks tighten up credit, loans become hard to come by as was
in my case during the global recession of 2008-2009.
In these tough times, accounts receivable factoring
companies are filling in the need by offering the capital businesses need to keep their doors open, and
even to grow and expand.
Factoring has become a key alternative finance strategy for many small businesses today.
In fact, many
small businesses are now preferring factoring over applying for loans with banks and the small business
administration (SBA), who often have a more rigorous and lengthy process.
It s also much quicker to access capital w
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