Alternative lending is standard for many businesses that have a good relationship with their lending partner. Other companies are wary about using alternative financing for various reasons. The 2022 Small Business Credit Survey (SBCS), a collaborative effort by all twelve Federal Reserve Banks, shows that businesses are more likely to apply for funding with an […]
Archive for June, 2023
How To Protect Yourself From Customer Bankruptcy
2 years ago
Did you know you can use factoring to protect your business from customer bankruptcy? As a business owner, you understand how circumstances can impact companies, especially those outside your control. Statistics from the Administrative Office of the U.S. Courts show that in the calendar year 2022, business bankruptcy filings fell, though individual filings under Chapter […]