Sunday, March 13, 2011

Disasters Prompt Need for Construction Factoring

Historically, natural disasters like the devastating earthquake and Tsunami that just happened  in Japan can cause unprecedented damage to a country's infrastructure, tremendously affecting business continuity, both in that country and abroad. For many companies, disaster recovery aid, and the funding for it, has become part of business planning. Many companies execute plans for relocation, or the outsourcing of crucial business functions during a crisis.

ACD Financial Services offers support to small businesses suffering from the consequences of natural disasters.   In fact often times construction factoring can be an essential  source and financial resource to benefit the many construction contracts underpinning rebuilding efforts needed during and after disasters. The construction industry is one of several sectors that can benefit tremendously from invoice factoring.

For example, a construction company could factor current outstanding invoices and would  not have to wait for payment before starting construction on a new project. Sub-contractors or construction firms can realize quick turnaround (often within 24 hours) on accounts receivable due, to staff up quickly, buy needed supplies and be off to help aid an ailing country.

Factoring offers an excellent source of cash flow by selling these invoices to a factoring company. With invoice factoring , there are no minimums, no maximums, no long-term commitments and no lengthy application process.

That's right, immediate working capital is available now.

#smallbiz #nonprofit

Source: Interface Financial Group 

 

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