A recent article in the New York Times titled: “When Banks Won’t Lend, There are Alternatives…”, by Ian Mount states that “The days of yesteryear when you could go to your corner bank are over” and “Small, emerging, growing businesses have few traditional sources to turn to.  You have to get a little creative”. One of the types of financing highlighted in this article is  Asset-Based Lending, a broad term which include accounts receivable factoring.  This type of financing is based on a company’s selling their receivables, or invoices, to a factoring company, which gives the company selling their invoices funds immediately. Most of our clients use this type of financing as a means to finance short to medium term financial needs: finance new projects, providing funds when customers are paying slower and suppliers are demanding earlier payments, etc.  They are using this financing for interim purposes until they can move to more traditional funding.  We work with them to make sure that they are able to profitably utilize this short to medium term financing solution.