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“Services provided by IGF allowed us to capitalize on significant growth opportunities over a short period of time; tripling our workforce and increasing our revenue 10 fold”
Carol Craig
President,
Craig Technologies
WORKING CAPITAL LOANS AND FINANCING
how to use factoring to increase working capitaRare is the new business that doesn’t need as much working capital as it can lay its hands on. One of the tougher
things in business is to show a profit before the working capital runs out. There are many choices for working
capital loans, funding and financing. There’s the friends and family route, there’s the venture capital and angel investor
route, or there’s the bank loan route (often based on your personal credit line). Now maybe you’ve already traveled
down these routes, or perhaps you’re maxed out, or just plain don’t want to go down this path.
If your new business is at the point where things are finally starting to make sense, you are actually fulfilling order,
but are just strapped for cash to keep things moving, then factoring may provide a solution. Here are a few
guidelines to see if factoring can work for you.
1: Are you a B2B business (your customers are not the general public)?
2: Are you currently selling stuff and invoicing your customers?
3: Will immediate working capital help your business grow?
If you answered yes to all three questions, you are ideally positioned to make full use of spot, or invoice factoring,to provide your company with that much needed working capital.
Invoice or spot factoring provides your company the ability to grow without incurring debt or diluting equity or ownership.
Factoring can help a company survive periods of erratic cash flow or sales. Factoring can help businesses grow at a
faster rate by providing working capital in a timely fashion.
Click here for additional information on our spot or invoice factoring services for small business.
Fill out the inquiry form and an IFG Network consultant will contact you shortly, or you may call our headquarters
at 877-210-9748 to speak to a qualified factoring specialist.
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