According to Wikipedia, the Free Encyclopedia http://en.wikipedia.org/wiki/Factoring_(finance), factoring is a financial transaction whereby a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount in exchange for immediate money with which to finance continued business.
This method of financing a business is often considered a form of "Bootstrapping". According to Wikipedia, the Free Encyclopedia http://en.wikipedia.org/wiki/Bootstrap_funding, Financial bootstrapping is a term used to cover different methods for avoiding using the financial resources of external investors.
Well, that being said, Amy Horn - Executive Vice President of Federal
National Payables is one unique expert we know providing this sort of funding.
Since about 2006, we had interactions with her in one business form or another as a result of a mutual colleague's introduction.
Recently, we had the opportunity to talk with Ms. Horn in a "C. Henry Adams Blogs Talk Live" Interview set to broadcast following this blog publication. She is quite knowledgeable when it comes to factoring or accounts receivable funding.
Furthermore, we are so confident in her ability to help a business, we
decided to provide an excerpt of a recent email she sent us below:
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Are you unable to secure financing from your bank? If you have federal
or strong commercial accounts receivable, Federal National Payables
would be happy to step in. We can help companies in the following
situations:
• Start ups
• Companies with losses
• Fast growing firms
• Leveraged firms
• Companies with tax issues
Since 1992, we've served government contractors and other small
businesses with facilities from $50 thousand to $4 million. Federal
National’s customers especially value our responsiveness, reliability,
and stability. Our competitively priced funding lines will give you the
needed working capital to manage and grow your company.
Call or email me to discuss how Federal National can help you perform
on contracts.
Amy Horn
Executive Vice President
240-601-8334
ahorn@federalnational.com
www.federalnational.com
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So, what do you think? Is factoring the next best attempt to fund
your small or medium sized business?
Sign,
C. Henry Adams
President / CEO
Broadcasting Interest Enterprise, Inc.
(404) 348-8319
chatlga2000@yahoo.com
http://biemediagroup.com
Follow Me On Twitter http://twitter.com/chenryadams
Promoting Small Business 24 Hours a Day, 7 Days a Week and 365 Days a Year!
http://chenryadams.blogspot.com
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Yes, factoring is the best method of fixing cash flows. Most small companies were able to stay in business because of this. It's good to know that factoring aid is now on the web for immediate help.
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