Holiday retail sales of electronics increased by 7.3% in 2009, which is great. But, if you manufacture electronics, can your cash flow management keep up with periods of high demand?
The reality is that retailers didn’t know what to expect from holiday sales this year. Retailers that sell electronics, though, had reason to be pleasantly surprised when, according to Manufacturers.net, MasterCard Advisors’ SpendingPulse reported a 7.3% increase in sales.
The uncertainty over the 2009 holiday retail sales points out something else, too: that, as a manufacturer, you need to be prepared when more of your product is unexpectedly in demand. When your production lines get a boost because of holiday sales, your cash flow management will need a boost, as well.
Factoring is an ideal business funding solution when your light manufacturing company needs freed up cash flow.
With receivables factoring at MP Star Financial, you get to decide how many invoices to factor. You can factor all of them if you wish to fund big projects, such as upgrading your assembly line for more efficient production. Or you can factor only some of them, to meet payroll and payroll taxes when demand for your products suddenly spikes – or to free up your cash flow management for any other purpose of your choice.
With receivables factoring, you are in control of your business funding solution.
At MP Star Financial, the application process for receivables factoring is streamlined to fit your busy schedule – and, at MP Star, you pay no hidden fees.
You can apply for your business funding solution – factoring – online now or call us at 800-833-3765 Ext. 150, today.



