How would that affect you?
BusinessWeek is calling this tactic a “brutal cash squeeze,” one that can dramatically harm even well-established companies. The article quotes the CEO of Angie’s List, Bill Oesterle, whose credit card processor wanted a new reserve of a whopping $2.5 million. “In two weeks,” Oesterle said, “we would have been in bankruptcy.”
This bad news hit Angie’s List just as the business was growing by more than 50% a quarter. Fortunately, Oesterle was able to change credit processors and, with the help of his attorney, he got his money refunded in three weeks.
Ready for cash flow management solutions that add no new debt and that don’t cramp your style? Choose invoice factoring.
With receivables factoring, you can receive the cash you need – fast – without needing to wait for your customers to pay their invoices. When you choose MP Star Financial for your invoice factoring small business funding solution, you are choosing the factoring company that has no hidden fees.
Show us a proposal from another accounts receivable factoring company. If we can’t show you the hidden fees, we’ll pay you $250 in cold hard cash.
We’re that confident! Call us at 1-800-833-3765, x. 150 so that we can get started or apply for your small business funding solution online now.