Who does a business owner turn to for financing when he/she has been  turned down for business loans due to a personal bankruptcy?

Business Week columnist, Karen Klein, tackled this question earlier this month (Landing a Business Loan After Bankruptcy).  Noting that it’s hard for entrepreneurs to get startup capital in general, Klein said it’s even harder to get bank financing now because banks have tightened their lending standards.

Although Klein suggested asking friends, family and/or other strategic investors to put a monetary interest in the new business, she also recommended accounts receivable factoring.  PRN Funding couldn’t agree more with this advice!

For nine years, PRN Funding has been able to provide  healthcare staffing funding, medical transcription invoice factoring, and medical coding accounts receivable financing to numerous clients who have had less-than-perfect credit.  These healthcare vendor clients know that PRN Funding extends credit based on their customers’ ability to pay, rather than the business owner’s personal credit.

Check out some of PRN Funding’s client success stories to see just how PRN Funding’s accounts receivable factoring program was able to help.

This entry was posted on Friday, August 29th, 2008 at 12:06 pm and is filed under Cash Flow Consultant and Factoring Broker News, Medical Coding Industry News, Medical Staffing Industry News, Medical Transcription Industry News, News for Business Owners, PRN Funding Factoring News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.