I have seen a lot of info online about invoice factoring but most of it is promotional and sales oriented. But today I came across an article in a regional mainstream business publication which indicates to me that more businesses are starting to discover accounts receivable factoring and the benefits of this approach in a tough economy with tight credit.
An article in the Central Penn Business Journal describes the growth in interest about factoring as a financing option by focusing on the experience of Sentinel Funding Services in Dauphin County, PA. Seems the company has experienced a surge in inquiries as business loans have become more difficult to obtain and many smaller firms experience cash flow squeeze.
The freight and medical industries have known this for quite a while. Now, everyone wants into the act.
