Alternative Financing Strategies for Your Business
Play • 19 min

When traditional bank loans aren’t an option, how do businesses increase liquidity so they can pay suppliers, employees, and continue to grow? Businesses in many industries turn to Accounts Receivable Financing — also known as Factoring — and Asset-Based Lending to increase cash flow. These alternative financing strategies help startups, companies in turnaround mode, and many others with cash flow challenges to access the funds they need to thrive.

 

This episode of the First Business Bank Podcast overviews two alternative financing strategies, requirements of each, common misconceptions, and industries and business situations in which companies often use Accounts Receivable Financing and Asset-Based Lending.

 

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