Factoring and Giving Thanks

Factoring invoices was once connoted as a “last-resort” financial move. But when the mortgage money dried up, the economy collapsed in, and the banks started turning even creditworthy businesses down, the tune changed. A LOT.

Factoring invoices is no longer a move of desperation. While many businesses seek factoring companies when they are out of other options, many businesses are turning to factoring companies like Bridgeport Capital first.

In light of the holiday, I thought we’d chat a little today about how growing business really do have a lot they can be thankful for.

First – If your business is growing – that’s a REALLY GREAT thing. Your growing business isn’t just helping you; it supports your employees and their families, and it’s stimulating growth at your vendors too. Your growing business is keeping our economy in progression, and everyone is grateful for that. But no matter how thankful you might be for your customers’ orders, you can’t purchase new materials, goods, or inventory without first receiving their money – which unfortunately takes 30 days and longer.

Factoring companies like Bridgeport Capital can help businesses in this kind of quagmire, by factoring invoices and providing immediate access to funds. This working capital can literally be the difference between success in failure in extreme instances (and can be the difference between bonuses or not on a less intimidating scale). Factoring invoices into working capital is a great move for any small or medium enterprise. Give us a call today if you’d like to schedule a free consultation! You can thank us later.