The following has been contributed by one of our Professional Resources, Cheryl Gowen, President, All Funding Options:
Right now because of the crisis, I have been working with customers that are getting large purchase orders and they need the monies to pay their suppliers/vendors for the products, customers are taking longer to pay on their invoices and they cannot qualify for a line of credit so they need invoice financing, I have a customer that won a large contract to decontaminate a cruise ship and needs short term funds to start the project, another customer that has merchants that pay online needs a loan to pay his suppliers so I am working with him on a merchant cash advance loan – just to name a few of the scenarios.
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