What are some alternative forms of financing for a small business?
i'd respond johnathon before answer.
because company needs source of funding, not mean struggling financially current setup. may mean however, wish expand services , need financial backing.
anyway, question @ hand. there many sources of alternative funding small business. vary, depending on clients are, list few description each.
first option, factoring, practice wherein 1 company purchases debt or invoice company. refers acquisition of accounts receivable, discounted in order allow buyer make profit upon collection of monies owed.
po funding covers supplier expenses associated specific purchase order. enables make sales exceed current financial capabilities , provides solid platform growth. when used properly, purchase order financing can grow company enabling accept larger orders.
merchant cash advance, otherwise known credit-card-receivable
funding, increasingly popular solution small businesses looking flexible form of business capital. use of credit cards grows form of payment @ greater variety of businesses, more small business operators able tap unrecognized form of capital: credit card receipts.
so, sum up. 3 options invoice factoring, po funding, or merchant cash advances.
hope helps :)
hey all,
during these tough times, it's getting harder , harder achieve traditional funding banks. small business owner myself (a janitorial , cleaning service) wanted know alternative funding sources available us?
Business & Finance Small Business Next
Comments
Post a Comment