In my opinion, factoring companies are a very bad idea. 5% interest for 90 days is equal to 20% annual interest rate. Do you really want to part with 20% of your profit? That is why I said you need a CPA! A CPA will explain that to you. And I also said you need a banker. Banks are where you go to get a loan with much better interest rates.
Re: Start up essentials needed ? Knowledge ap
Member #: 44560
Registered: 2/21/2006
Posted:
453
Name:
Tony
Name:
Tony Gauer
Company:
TSB
Occupation:
Engineer
Location:
South Dakota
Personal:
late 60s
Experience:
~44 years
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