For many small businesses suffering from cash flow problems, getting access to finance is like a race against time. If they aren’t able to get access to cash, it might mean they are downing their shutters. To make sure this doesn’t happen, it’s advisable that businesses not choose traditional financing avenues that are often long winded, time consuming and complex. Instead choosing non-traditional forms of financing make better sense, and one such option is ‘accounts receivable factoring’.
The first step in getting a startup going is financing it. This can be a difficult step, but have no fear, there are many ways you can finance your startup. Check out the infographic below to learn about seven innovate ways to get your startup off the ground.
Due to the current state of the economy and the lack of financing from traditional lenders, like big banks, some may not think there is much hope of financing for small businesses, but they’d be wrong. 2013 is shaping up to be the year for small business funding. Learn more in this infographic from National Funding.
Invoice factoring is widely-used form of financing for business owners and entrepreneurs to speed up their business cash flow. Buts it’s not new, 4000 year ago it was first used. Let’s check out its history in this infographic by cbacfunding.com.
The following infographic from CBAC explains other creative financing options for businesses than bank loans such as invoice factoring, merchant cash advances, and equipment leasing financing.
CengageBrainiac polled 500 college students to see how doubling the student loan rate by returning to the old rate of 6.8% would affect their education choices and voting. The infographic below reveals the astonishing results.