Increased Demand For Factoring Services Drives Record-Setting Year For Liquid Capital

February 21, 2012 by Cris | 0 Comments

openPR:

2011 was a record-setting year for Liquid Capital, which saw a dramatic increase in factoring volume in both its U.S. and Canadian markets. The only full-service factoring company in the franchising industry, Liquid Capital grew by 45 percent in the U.S. from 2010 to 2011, and saw an increase of 20 percent in Canada, following a trend that started in 2009 with a 30 percent year-to-year increase in volume.

The spike in factoring volume can be attributed to businesses increasingly being turned down for bank loans and turning to factoring as an alternative to traditional loans. Factoring provides businesses across an array of industries with immediate financing secured by credit-worthy account receivables. More.

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