Special Publications 
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Special Report - Banking, Finance and Investment - November 07, 2008 |
By David Cole
Of the Journal of Business
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An increasing number of businesses here and nationally are turning to nontraditional sources of financing, such as factoring, to meet critical cash-flow needs as banks constrict credit in the current economic crisis, say industry representatives.
In factoring, companies such as AMCI Finance, Northwest Business Finance LLC, Universal Funding Corp., and others here buy accounts receivable from businesses at a discount, and the sellers garner quick cash, without having to give up an o...
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In factoring, companies such as AMCI Finance, Northwest Business Finance LLC, Universal Funding Corp., and others here buy accounts receivable from businesses at a discount, and the sellers garner quick cash, without having to give up an o...
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