SOURCE: Business Factors

Business Factors

November 10, 2009 06:00 ET

BusinessFactors.com Helps Companies With Changing Business Needs During Weak Economy

LOS ANGELES, CA--(Marketwire - November 10, 2009) - In the current economy, when many companies are experiencing rapid change and most companies are struggling to control costs, cash flow can be a major issue. BusinessFactors.com, a leading business finance company, is offering a wide range of financial services to help these companies with their changing business needs.

While banks and other lending institutions are tightening their purse strings and making it harder for small companies and startups to obtain loans and credit lines, Business Factors offers flexible options for companies of all types and sizes to enable them to work with what they have and obtain cash flow on terms that work for both sides.

"We understand that many small and mid-sized businesses find it difficult to acquire working capital funds through traditional business loans, especially during this weak economy," said Robert Bernfeld of BusinessFactors.com. "We want to help these businesses succeed -- regardless of their financial situations."

Business Factors provides working capital, asset based loans, inventory financing loans and factoring solutions to many companies who do not qualify for traditional bank financing. Their business finance solutions rely heavily upon companies using their own resources (such as unpaid invoices, inventory, etc.) to obtain money they are owed. "Most of our financial options simply pay the customer money they had coming to them anyway -- just faster," said Bernfeld.

"For instance, say a company provided a product or service for a customer and then sent them an invoice. The customer could have anywhere from 30 to 90 days to pay that invoice, but if the company is experiencing cash flow issues, they need that payment now. This company could take advantage of accounts receivable factoring with BusinessFactors.com where we pay up to 98% of the face amount of invoices in cash, then assume the responsibility of collecting the invoice. They receive their money quickly, and they have no loan to pay back."

Small, mid-size or large companies can all use business finance and factoring solutions from BusinessFactors.com to free up cash flow for seasonal sales spikes, sudden business growth, working capital, R&D, marketing, expanding the company or purchasing new equipment.

For additional information on business finance and factoring solutions from BusinessFactors.com, call 888-234-6663, or visit www.BusinessFactors.com.

About Business Factors:

Business Factors is a business finance company that specializes in providing invoice factoring, accounts receivable financing, equipment loans and leasing, and more to businesses across the US and Canada. They are experts in the business and finance industry, and can help large and small businesses successfully find the best solutions for their growing business capital needs.

Contact Information

  • Contact:
    Robert Bernfeld
    310-543-6808