Good News for Factoring Companies: June Small Business Economic Confidence Report

According to a Discover Financial Services (DFS) report that was published today small business owners' economic confidence slid this People are very concerned  over temporary cash flow issues these days.   The survey polls 750 small business owners, and this month the index dipped to 86.1 percent in June from 87.4 percent in May after a two month rise.  There was a some improvement in the way small business owners see the climate for their own businesses. Even as last month business owners increased their spending, payroll, mounting bills and operating costs are causing many business owners stress, indicating that cash flow is still an issue.  This is good news for factoring companies like ACD Financial Services who is handling accounts receivable factoring for small to medium-sized businesses.  In June, 29 percent of small business owners said they believe the overall economy is getting better, falling from 35 percent in May.  51 percent said the economy is getting worse, steady from the previous month, and 16 percent see the economy as the same, which is up from 12 percent for May. As for negative impacts on their businesses, Discover reports that a majority of small business owners attributed it to the stock market  and the Gulf Coast oil spill. 30 percent of business owners polled said the oil spill was having a negative effect, while 40 percent believed there was negative impact from the debt crisis in Europe. These kinds of reports show that in these times of troubles,  cash flow is critical to saying in business and growing.  Factoring is a tool that many businesses have used throughout the years to manage cash better, and grow.  It provides quick turn-around, and ACD Financial Services provides innovation solutions by offering short-term working capital to growing businesses. Many businesses do not get paid right away for delivered products/services, and every business needs some cash on hand in order to sustain and grow. So what happens if you do not get paid for a few months, and you do not have time to seek alternative financing through banks or venture capitalists? Spot Factoring is the answer to your troubles. Factoring is an extremely fast way to turn your receivables into cash. In an ordinary scenario you might have to wait 30, 60, or sometimes even 90 days for invoices to be paid; AFS looks at your customers' credit (not yours) and can pay you the majority of what's owed to you within as little as 24 hours.   Courtesy of IFG Network.