The Government and Small Business Funding Against Accounts Receivable Factoring
A tip of the hat to the article "Stimulus Presents Chances for Small Business" by Hanna Heineman, staff writer for the Santa Monica Mirror, an article that covered a workshop built to help small entrepreneurs in knowing how they can fight for the stimulus dollars from the govt held at the los angeles Airport Renaissance Marriott on September 2. Why? Because it can be hard for small businesses to take advantage of these chances from the governing body.
The US growing businesses Administration's representative, Lorenzo Flores, was present, stating that there's "no doubt that growing business is the backbone of the economy" so it's important to let them participate in stimulus schemes and programs.
To be classified as a small business, a business should have no more than a hundred employees. Even though the central government has made it easier for home businesses to obtain loans because they are now guaranteeing loans at ninety % so lenders only have a 10 percent risk, the process can be challenging.
Why not look to other successful techniques like accounts receivable factoring? Long before small businesses can even look towards Small Business Association (SBA) loans that do not have fees, this tactic can already be accomplished with cash on hand.
Why not look to other successful techniques like accounts receivable factoring? Long before small businesses can even look towards Small Business Association (SBA) loans that do not have fees, this tactic can already be accomplished with cash on hand.
