Authored by Phil Cohen
August marked the first time in over two years that small business owners intended to spend more on fixed investments such as trucks, machinery, computers, equipment etc. rather than cutting back or maintaining steady on spending.
In fact, recent surveys of nearly 800 small private business owners show that 51% of small business owners plan to increase their capital spending in the next year. The Wall Street Journal notes that this number is a record high and up from 42% a year ago.
If your small business is growing and needs additional capital to fund fixed investment costs, upgrade technology or replace aging equipment, invoice factoring is the solution for small business funding. Get your business ready to take advantage of new opportunities and a recovering economy with a steady source of working capital.
By factoring accounts receivable, you’ll have the cash flow necessary to invest into growing your business.