Small businesses like trucking companies, freight brokers, contractors, and staffing companies hire millions of people. Even though they play an important role in the economy, they face many obstacles to success. One of the biggest problems small business owners face is cash flow, much of which is caused by delays in the payment of invoices. Invoice or money factoring companies offer a way out of this dilemma by advancing payment for invoices to qualified businesses.
Small businesses and cash flow problems
Small businesses play an important role in the economy. They are defined as businesses that employ fewer than 500 people. There are around 28 million small businesses in the U.S., accounting for 99.7% of all businesses in the country. They can be staffing agencies, trucking and freight agencies, government contractors etc. They play a necessary and important role in the economy, but face some signif