Anyone who has kept up with the news knows that things in the financial industry are not going very well. Although banks and regular financial companies are doing badly, most purchase order financing companies have managed to thrive in this environment. Since banks are not giving out business loans as quickly or easily as when times were better, clients are turning to alternative source. There are factoring (aka invoice factoring) - and po financing.
Just remember, not all purchase order financing or factoring companies are created equal. And, if your financing company is capitalized by a troubled bank, you could suffer as well.
So now is the time to due your due diligence on your funding company. Whether you are getting a small business loan or just plain old factoring - be sure to ask lots of questions.
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Looking for information on purchase order financing? Read the purchase order finance blog
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