Did you know that there is a way to use your receivables to help your cash flow issues? The lousy economy is hurting a lot of small businesses, and Veterans own lots of them. Here is what factoring can do, according to Brian Birnbaum:
Q: What is factoring?
A: Factoring is the purchase of corporate accounts receivable. It’s generally used when a company is in its infancy or experiences a growth spurt and gives that company access to capital through non-traditional means.
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