Credit Crunch

Many companies are discovering that lending parameters have tightened up considerably in the past few months. Even banks that they've dealt with for years have pulled in the reigns and are not granting the credit lines they have in the past. The reason? Nearly everyone in the financial community is jittery about the state of the economy. The housing crisis, the threat of inflation, and the looming recession have all created an environment of instability.

Despite these fears, the invoice factoring industry is strong. If you are having trouble getting the working capital you need to either survive or grow, factoring could be the tool you need. As stated before, factoring isn't for everyone. But if you've got a service, manufacturing, or distribution firm that sells to other businesses on credit, you've got a decent profit margin (over 10%), and you collect payments from your customers in a reasonably timely manner, you should consider getting a factoring quote (free and no obligation).
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Kent Harlan, CPA
Ozarks Capital Funding, LLC
www.ocflink.com
kenth@ocflink.com
417.849.7394