eBay of Working Capital Goes Live

Awhile back, PRN Funding blogged about The Receivables Exchange (TRE), an up-and-coming online accounts receiveable marketplace for business owners who want to turn their receivables into cash instantly by putting their invoices up for bid and specifying what kind of discount it is willing to offer.

In his article for The New York Times, writer Brad Stone said “The site provides a much-needed financing option for companies that are finding the doors locked at traditional credit markets.  It could also be a safe financing alternative for distressed start-ups that might otherwise have to sacrifice equity in a conventional bridge loan.”

Business owners and accounts receivable factoring firms are both intrigued by and weary of the developing company, and only time will tell how successful or unsuccessful The Receivables Exchange will be.