In his weekly radio and video speech, President Obama said he is stepping up efforts to maintain public support for his agenda as rising unemployment has hit an all-time high. Claiming that he has pulled the economy ? back from the brink, the president went on to admit the economic downturn has proved deeper than the White House initially projected.
Asking Americans to remain patient, according to the White House, we are on a gradual course to recovery because the $787 billion stimulus plan saved the economy from collapse.
The challenge is that many of America’s small businesses are having to close because they cannot hold on. If you are one of these businesses, another strategy might be to begin to use accounts receivable financing to stay afloat.
Invoice factoring for small business has been used for centuries, but it can be particularly helpful in today’s recessionary times. To get started with a factor, look at the Interface Financial Group’s Web site at www.ifgnetwork.com, then pick up the phone and call.
There is also the option of obtaining a merchant cash advance. A merchant cash advance, is better then the traditional loan, in that you don’t need to use collateral, and your credit score doesn’t need to be so high. It is also based on your sales, so if one month your business isn’t producing that many sales, your payment for that month will be lowered as well.
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