Manufacturing success is vital for our economy. How solid are your business funding strategies for your light manufacturing company?
Results of a new survey indicate that a majority of Americans (71%) believe that a strong manufacturing base is a national priority. Eighty-one percent believe that manufacturing companies in America have a significant impact on our standard of living and 68% believe that our manufacturing base has a significant effect on our national security.
According to a press release about the study conducted by Deloitte LLP and The Manufacturing Institute, “ These results fall in line with public perceptions that manufacturing plays a larger role in overall economic prosperity compared to the technology, energy, healthcare, retail, communications and financial services industries.”
So, clearly, the success of light manufacturing companies plays an important role in the overall economy. In these more challenging economic times, what are your business funding strategies?
Consider invoice factoring as your cash flow management solution.
When you choose invoice factoring, you can free up cash to:
- Meet payroll and payroll taxes and other expenses
- Upgrade your equipment
- Add new products to your line
- Grow your light manufacturing business in any way that you choose
With receivables factoring, you’re in the driver’s seat!
For more information about receivables factoring and its important role in cash flow management strategies, contact MP Star Financial.
If you’re ready to discuss receivables factoring as a key component of your business funding strategies, call today at 800-833-3765, #150. Or if you’re ready to apply for your cash flow management strategy, apply online now !
