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: # # # |
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