Talk on the Street
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Talk on the Street
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Factoring is one of the most successful ways many small businesses have fought through the GFC of recent years, making it an exciting franchise opportunity.
What is Factoring?
Factoring, sometimes called invoice factoring or accounts receivable factoring, is a form of financing that allows immediate cash flow, something that many small businesses rely on to keep going. A business sells its invoices to a factoring company for a discounted rate, receiving the finances immediately and all up front.
Growth and Popularity of Factoring
The concept of factoring has been around for centuries. In the early 20th Century factoring was predominantly used in the textile and garment industries. Manufacturers used factoring to purchase large amounts of textiles in order to producing products for sale. Through the mid and late 1900s, increasing bank regulations and interest rates led to more industries taking on the concept of factoring to ensure fast and convenient cash flow.
In recent years, factoring has become an increasingly popular way for small businesses to finance their cash flow. As many banks and lenders become more unwilling to lend to small businesses after the economic recession of recent years, factoring lends itself suitable to a wide range of industries.
Factoring as a Franchise Opportunity
Derek Cafferata, CEO of All State Franchise Finders, believes this particular finance sector is a solid and exciting option for entrepreneurs looking for a franchise opportunity. “Because of the global financial crisis, the concept of factoring has led to business owners across a wide range of industries utilize this useful and convenient financial transaction,” said Derek. “This makes for a very exciting opportunity for those who might consider a factoring franchise opportunity.”
All State Franchise Finders represent more than 250 franchises across the United States and around the world. Among those they represent include Liquid Capital, one of the largest and most successful factoring companies in the U.S.
Worldwide factoring has increased by 60 percent over the past five years. With an overall volume of more than $100 million in North America alone, Liquid Capital currently have more than 80 franchises across America, more locations than any other factoring company. As well as North America, Liquid Capital have locations in Mexico and Hong Kong and corporate offices in Texas and Canada.
Find Out More About Liquid Capital
As representatives for the Liquid Capital franchise, All State Franchise Finders continue to work with entrepreneurs and business owners who are looking for a strong business opportunity with solid growth and exciting earning potential. For more information about a Liquid Capital franchise or any other franchise opportunity, contact All State Franchise Finders on 1-800-544-2161 or visit www.allstateff.com today.