Entrepreneurship is one of the best way of re-energizing our nation’s economy, yet one of the top issues for our nation’s small to medium-sized businesses is access to credit, especially during this economic downturn.
In a recent July 2009 compendium from the Small Business Association Office of Advocacy, we learn more details from recent surveys showing small business lending standards have grown more stringent and demand for loans has fallen, so now it’s even more important to control costs, manage cash flow and refocus strategies.
After reviewing the statistics, which includes data through 2008, it is clear that small businesses will benefit from accounts receivable factoring to get through tough economic times.
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