Tough Mortgage Market Especially Hard on Entrepreneurs and
Business Owners -- Factoring Companies Fill the Void
As the mortgage industry withdraws and the availability of
capital becomes scarce for entrepreneurs, factoring companies
have stepped up to fit the bill.
San Jose, California (PRWEB) September 10, 2007 -- Business
owners and entrepreneurs that typically tap their personal
assets such as their own private residences are having a
difficult time finding money to keep their operations
running.
"Many business owners aren't even aware that factoring can
be a great source of funds for a growing business," states Greg
de Vries, Marketing Director for BTB Capital, a national
invoice factoring company. In a desperate attempt to find
the working capital required to keep their business's
functioning properly, discouraged business owners are looking
for options. "When a company is unable to get financing
from a bank, factoring is a great option for them," replies
Greg.
Mortgage markets have seen a significant decrease over the
last 6 months and real estate prices are dropping throughout
the country, drying up the available equity which normally can
be borrowed against to keep small business functioning and
growing.
"Invoice factoring is a fantastic solution for most
businesses," states Greg. "It creates no new debt on their
books and simply moves future receipts to today where the money
can be used to grow the business."
Receivables factoring is not a loan. There is no debt
repayment or compromise to your balance sheet. Invoice
factoring allows you to use your accounts receivable to create
cash for the growth needs of your company today.
"Invoice factoring is a great tool to get business through
the tight capital markets," summarizes Greg. We couldn't
agree more.
About BTB Capital Corp:
Business to Business Capital Corp (BTB Capital) is a California
Factoring Company that provides invoice factoring to companies
located in the United States. For more information about BTB
Capital or accounts receivable finance please visit their
website at http://www.btbcapital.com or
contact them at info @ btbapital.com.
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