As we have all seen since the beginning of the year, predictions about the amount of capital that will be provided to start-ups this year will continue to shrink because most sources of finance – venture capitalists, private lenders, business angels and banks – are hanging on to the money that they used to make available to entrepreneurs in their start-ups.
Until the economy turns around, this trend is here to stay and finding money will be difficult for entrepreneurs in 2009. But there is one way that start ups and small businesses can get money. Invoice factoring can work as an alternative to traditional financing.
For example, IFG’s single invoice factoring service is user fast, flexible, and cost effective. A new buisiness who has sold products or services, need not wait 90 days for their client to pay them. Instead, they can sell one invoice at a time, get the funds in less than 48 hours, and keep on manufacturing and or doing business for the next sale.
IFG is a multinational organization, so each client works with local offices, building a working relationship with professionals who understand their local environment, and their situation.
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