Check out this story on Fortune Small Business about a cosmetic start-up company and the creativity it used to obtain assets and working capital to jumpstart the business. If only we all had a friend that would lend us money at 6% without any timetable for repayment!But if you don't, then purchase order financing and factoring are options that can help many startup and small businesses move forward on the road to success in their businesses. Assuming your company has healthy gross margins in your products, these financing techniques can be very helpful in accelerating cash flow until your company becomes bankworthy.
Need help finding the right source of purchase order financing or factoring? Read "Matchmaking for Business Loans" and give me a call!
Related Tags: factoring, accounts receivable, p.o. financing, purchase order financing, bank loans, equipment leasing, working capital, cash flow
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