Invoice Factoring Blog

Today Bank of America has pledged to increase lending to small- and medium-sized businesses. The amount designated over 2009's is at least $5 billion in 2010. This The pledge made by the bank's Chief Executive Officer Kenneth D. Lewis was made to President Obama at a White House meeting of key bankers. Bank of America is already in the process of delivering $1.5 trillion over 10 years to low- and moderate-income businesses and households.Many of these firms have been using a strategy known as invoice factoring to make ends meet and be able to make payroll, until the economy improves. more »

Have you heard about something called "business-interruption insurance?" Research shows that many people have not heard about it. This is just one more reason why as the New Year approaches, you need to consult with an expert to plan ahead. And one way to spare the funds to get insurance if you do not already have it, is through invoice factoring, otherwise known as accounts receivable factoring. more »

Even though there are improvements within the financial industry, credit still remains tight for small businesses, said Fed Chairman Ben Bernanke in his economic outlook today. What all this means is that small businesses will need to continue to be creative when finding funding to grow or stay afloat into the new year of 2010. Invoice factoring is one such tactic. more »

The latest report from Obama this week said there was modestly encouraging news about job loss. Only 11,000 jobs lost in November. Unemployment rates ticked down. Overall he said it was the best job report that we have seen since the year 2007. Just in time for the holidays. And smart businesses have done everthing they can to prepare, and many have started implementing invoice factoring. more »

Today a news article said that Chief Executive Eric Schmidt of Google Inc. (GOOG) said the single most important thing for the economy is to get lending to small and midsize businesses going again. As small businesses begin to get ready for a more optimistic new year, there are a number of factors to watch out for. Use single invoice factoring to catch up. more »