The Wall Street Journal ran an article on June 16 about how a number of entrepreneurs are taking second jobs to stay afloat because of today’s tough economy. With people seeking alternate sources of income, now may be the time to first try accounts receivable financing.
Many people are struggling to keep their small businesses during this recession, and that includes taking secondary jobs — part time jobs for two to three days a week — which allows them the money and time to pay their employees and bills, and stay in business.
On the other hand, most of the individuals who know about accounts receivable factoring don’t need to take a second job. Factoring allows them to sell credit-worthy invoices to IFG, businesses acquire additional funding for immediate working capital.
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