which creates a win win environment WEAK BALANCE SHEET- If you have a weak balance sheet that does absolutely not preclude you from a factoring or invoice discounting facility Well 飞机涂成哈士奇 爱心夫妇捐赠幼犬

Business Working Capital Financing – 10 Reasons Not to Factor Receivables in Canada Working Capital Financing – Canada continues to be challenged by liquidity and financing for business. For Canadian business owners to be successful they need to have new financing alternatives today. I recently spoke to a business owner who was quite clear on his thoughts on the new financing alternative for business – factoring, also known as receivable discounting. Let’s examine his problems with this unique financing alternative and see how valid his points might be. According to my customer ‘Ten Reasons Not to Factor:’ and our replies and input! –> COST – Many business owners perceive factoring to be very expensive – yes it is more expensive than traditional financing , but it provides you with all the liquidity you need when you cant get receivables financed or margined by a Canadian chartered bank – a proper effective analysis by an experienced business advisor can show you that you can recoup almost all of the costs of factoring in a number of ways – also, many business owners and financial managers don’t understand the true cost of carrying their receivables for 60-90 days and what the financial benefits are of turning receivables over quickly DON’T UNDERSTAND THE MARKETPLACE- There are many types of factoring – notification, non notification, recourse, non recourse, spot, etc – Yes , if you don’t understand the marketplace talk to a financing expert – he or she can explain what factoring solution works for your firm TIME TO APPROVE THE FACILITY – In reality factoring and receivable facilities can be set up in days, not the weeks and months it might take to negotiate a significant bank line HAVE FINANCING NOW – Factoring can be complimentary to your existing financing when all parties work together, which creates a win win environment WEAK BALANCE SHEET- If you have a weak balance sheet that does absolutely not preclude you from a factoring or invoice discounting facility Well, after we spoke to our customer he agreed that it was time to revisit factoring and working capital financing as a solid business option . About the Author: Originating financing for Canadian companies,specializing in working capital, cash flow, and asset based financing, the 6 year old firm has completed in excess of 45 Million $ of financing for companies of all size. For info and free consultation on Canadian business financing and contact details: Article Published On: 相关的主题文章: