Small Business and the Credit Crunch

[Damon W McCloud]

Credit Card companies such as American Express once relied heavily on profitable small business. Small business at one time relied on credit cards to fund their start-up or expansion. With the economic downturn Credit Card companies are both reducing credit limits while increasing interest rates, leaving many business owners needing flexible access to capital. One option small business owners are increasingly considering is liquidating current invoices to shorten cash cycles. That is, being paid for most of the amount due immediately instead of waiting 30,60, or even 90 days. We have been able to work with many local owners, many simply needing capital to take advantage of immediate opportunities. Contact me for more details.