By Lou Wallace
The financial markets have not dried up; the banks are just clogged. Perseverance and creativity is a quality within every entrepreneur. Business finance is readily available to those who look beyond the bank to asset based lenders.
Before there were business credit cards or home equity lines to borrow against there was Factoring. Popularized originally in the garment, furniture and floor covering industries this form of financing has evolved to be an ideal form of financing for new or growing businesses. Cash flow factoring is the perfect solution to cash strapped companies.
In present economic times banks are far more critical of prospective borrowers. Small business bank loans are all but impossible in our present environment where banks are not lending. Asset based lenders can make business loans in a shorter amount of time due to reduced underwriting reviews. Factoring is readily available to businesses who sell to their customers on terms.
Performance Funding Group, LLC is a locally owned and privately funded asset based lender who has been providing several different loan products since 1997. Lou Wallace has been working in commercial loans since 1971. Lou Wallace can be reached at 602-912-0200. www.performancefunding.com