According to the Small Business Association (SBA), only 30 percent of new businesses fail during the first two years of being open. On the other hand, 50 percent fail during the first five years and a whopping 66 percent fail during the first 10. Only 25 percent make it to their 15 year or more anniversaries.
It is estimated, by the SBA, that over half a million businesses opened in the year 2009, while 660,000 closed. Out of the 552,600 businesses that started in 2009, about 165,000 or more are expected to fail by 2011, especially with the most recent economy.
Invoice financing can help small businesses that are cash poor because their customers are slow to pay. Don't let your business fail because you are out of cash, but you have customers that owe you money. Invoice financing has been around for centuries so take advantage of this financial tactic. ACD Financial Services (www.acdfinancial.com) can fund your outstanding invoices within 48 hours.
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