Where To Turn When Your Bank Credit Line Shrinks Pt. 2: Factoring

Joining us for part two of our previous episode, as we talk more about which strategies work best when your credit line shrinks.  In this podcast, we discuss  how many entrepreneurs are seeking factoring as an easy and smart way to  increase their business’s working capital. The current  credit crunch has put a spotlight on factoring - this podcast explains why and how it can be used as a viable option to increase cash flow. We also answer the question; “how does the cost of using asset-based lending or factoring differ from utilizing a bank for funds?”  Hennessey Capital President Mike Semanco also shares the one thing business owners should do to keep their business growing during this challenging time.

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