In an LA Times article written by Cyndia Zwahlen entitled, “Small Businesses Finding Solutions amid Recession,” it is noted that many California small business owners, who have not yet benefited from the $700-billion bailout launched duirng the fall of 2008, are also now facing fallout from the state’s budget crisis, including delayed payments owed to thousands of businesses.

The article talks about one Beverly Hills business person who said that their customers are taking longer to pay or to sign up for new services, all of which impacts cash flow ability to make payroll. To help cut costs, this small-business owner, a former president of the Los Angeles chapter of the National Assn. of Women Business Owners, laid off one full-time employee and two part-time workers this month.

What many small business owners like this don’t know is that they could use accounts receivable factoring to help get them through the tough times. Many businesses do not get paid right away for delivered products/services. But every business needs some cash on hand in order to sustain and grow. So what happens if you do not get paid for a few months, and you do not have time to seek alternative financing through banks or venture capitalists? Invoice factoring just might be the answer.

Single invoice factoring is an extremely fast way to turn receivables into cash. Rather than waiting 30, 60, or 90 days for invoices to be paid, IFG looks at your customers’ credit (not yours) in order to pay you the majority of what is owed. And it can happen in as little as 24 hours.

Get Started and find out how invoice factoring can grow your business.