According to Manufacturing.net, manufacturers could be receiving increased amounts of business; after a series of high-profile recalls from countries such as China, even the recession isn’t stopping businesses from choosing to outsource to American companies.
Linda Rigano, the executive director of strategic services for Thomas.Net, points out that a combination of the weak dollar and America’s reputation for quality makes it likely that some businesses will outsource their manufacturing to US companies.
This means that the chosen recipients of these outsourcing contracts will need to boost their cash flow management in order to meet payroll, buy supplies and otherwise fund increased production.
Invoice factoring is an ideal method of freeing up cash to meet payroll and to assist light manufacturing companies in purchasing raw materials.
By choosing receivables factoring as your business funding solution:
- you can receive cash – fast – when you need it the most
- you can spend it however you wish
- you are taking on no new debt
When you choose MP Star Financial for your business funding solution, you are choosing the invoice factoring company with no hidden fees.
Call today at 800-833-3765, #150, today – or apply for your receivables factoring online now.