Article: Inexpensive Money: Why Aren't You Factoring
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Inexpensive Money: Why Aren't You Factoring
Put simply, FACTORING IS THE LEAST EXPENSIVE MONEY YOU CAN GET TO RUN YOUR BUSINESS!
This is a situation which boggles my mind. Literally hundreds of thousands of businesses in the U.S. alone could - and should - use factoring to extensively reduce their costs of money and operation, and still they don't do it. I have watched companies go into bankruptcy rather than factor.
Why aren't they factoring? Getting more personal, why aren't YOU factoring?
And the answer I get, more than any other, is: "We can't afford it." (But you can afford to go out of business? Or struggle constantly with cash flow shortages?)
Now if that doesn't indicate a total misunderstanding of what factoring is and what it does...and what it costs, I can't t...
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