Saturday, March 21, 2009

Getting working capital

In these straightened times all of us in business need to think about how we're going to make sure that we've got the working capital that we need. As we can all see our customers are taking longer to pay us and our suppliers are demanding ever earlier payment. This puts a horrible squeeze upon cash flow and therefore working capital....and a company that runs out of that goes bankrupt.

Fortunately there is in fact a solution. It's called receivables factoring and it works very simply. Have a click through of that link to check the details but essentially it's a company lending you money agains the invoices you've issued. you get the money before your customers pay, removing one of your major problems.

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