Invoice Factoring Blog

Link: http://www.ifgnetwork.com

Our nation's Treasury Secretary Tim Geithner asked financiers to step up and do more to fix the damage they helped cause because, "the credit crunch is not over." He presided at a small business financing forum in Washington hosted by the Treasury. Geithner and top Washington officials, including Small Business Administrator Karen Mills, met with bankers and small business owners last Wednesday.

Geithner mentioned things appear dramatically better for large companies, but admitted that it is not over for small businesses across the country. Why? "Banks bear some responsibility for the extent of the damage caused by the crisis," he said.

But this is not going to be happening soon enough for many frustrated small businesses - especially during the holidays. There is one strategy that more and more small business owners have started to use. Invoice factoring, has long been used during recessions nationwide, is catching on again. And this year, many business owners are just using single invoice factoring, or factoring one outstanding invoice at a time, until the economy swings bank in their favor.

For more information on how you can use single invoice factoring, visit www.ifgnetwork.com