Wednesday, January 2, 2008

Financial Challenges our Clients are Facing


ECONOMIC DOWNTURNS can result in their customer’s inability to pay immediately upon receipt of goods or services. Many customers are now demanding terms exceeding 30 days, in some cases as much as 120 days are expected.

RAPID GROWTH that exceeds cash on hand. By that I mean that typically lending institutions will fund based on last year’s balance sheet, but that may be far short of this year’s expectations.

UNEXPECTED EXPENSES that exceed ability to pay. For example, machines can break down at the worst of times, causing costs in repair, and costs in down time.

TIME IS OF THE ESSENCE when opportunities arise, but bank funding can take weeks, even months, to be authorized, when FACTORING can be arranged in days.

COLLECTION CONCERNS Many business owners, especially the less established ones, lack the desire and in many cases, the skills to do professional collection calls.
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Ron Finch

Factoring
Liquid Capital Solutions
250 469 9606
250 826 8446 (cell)
rfinch@liquidcapitalcorp.com

2 comments:

  1. Bank Financing: Loans or lines of credit are fixed and require additional collateral and/or substantial documentation to increase the limit;
    invoice factoring : Your ability to grow your access to cash is based upon your accounts receivable;
    if you take on a large new client with good credit, the accounts receivable generated are available to meet your cash needs

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  2. Factoring is an excellent solution to create the cash flow you need to keep your business growing. You can qualify for factoring even when your company doesn’t qualify for traditional financing. That’s because factoring companies take a different approach to deciding whether your company qualifies for financing.

    Source: http://www.accutraccapital.ca/

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