4 Ways a Small Business Can Become More Bankable
Securing a bank loan can generally be tough for small businesses. In most cases, a bank will require a business to be running for at least 3 years, and with the economy the way it is, banks are more particular about whom they lend to. This is a typical small business catch 22: In order to make money, you need money, and most likely you will have a tough time getting it.
So how does a small business become a candidate for a bank loan, and what can you do to access cash in the meantime? The answer might be accounts receivable financing – or invoice factoring – and it’s a simple process. Download our PDF and see four options – including invoice factoring – that might just help you become more bankable.