(PRWEB) March 22, 2002
FOR IMMEDIATE PRESS RELEASE
From: FACTOR FUNDING COMPANY
Contact: Daniel Eke, President
Address: 6802 Mapleridge, Suite 206
Bellaire, Texas 77401
Phone: 281-208-8100 Fax: 281-208-0107
After hours: 713-539-4417
Immediate Increase Of Cash Flow To Small Businesses Will Stimulate The U.s. Economy and Impact Households.
Houston, TX, March 20, 2002. Factor Funding Company launched an aggressive campaign to help small and medium sized businesses to obtain working capital and improve cash flow regardless of their status or history, and without increasing their debt burden.
Given that small businesses employs over half the work force and accounts for about 51% of Gross Domestic Product (GDP), it will be prudent to infuse this sector with significant cash without risking inflation.
Current economic indicators show that the U.S Economy is on an upswing. This can be attributed to the steadiness in consumers confidence, an increase in spending, and the recent tax relief to families and economic stimulus package. We are encouraged to increase funding to Small Businesses without undue risk of loss.
Funds will be immediately available to businesses through a funding program that uses alternative payment guarantee. It will be backed by a secondary credit-worthy business. Thus, businesses will be approved for funding based on their existing and future accounts receivable and the ability of their customers to pay on outstanding invoices.
This is not a loan and would not create equity partnerships. Therefore, it will not affect ownership or control of a business in anyway. It is simply guaranteed funding secured by accounts receivable and future payments. Businesses receiving funding will not be burdened with any new debts.
Large corporations have used this method of funding for years and in recent years it became available to small businesses. New businesses or individuals with credit blemishes or insufficient history would still receive private (non-tax payer) funding provided they are registered to do business in their respective States and have credit-worthy customers.
For more information on how you can obtain funding or for an interview, call 281-208-8100 or visit http://www.factorfunding.com.
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