Factoring Agreement

As businesses grow, they often find themselves needing additional financing for expansion, meeting payroll, marketing, or to cover other expenses. Sometimes, corporations are financially strong enough to obtain a bank loan as a means of increasing credit. Other times, however, less traditional means of financing are necessary. For certain companies, traditional bank loans do not make sense. Especially business owners that are looking for funding as-needed or do not want to add more debt to their balance sheet. Banks offer little leverage to meet the additional borrowing needs and can possibly even hurt more than it helps.