As a factoring company, finance is something we take very seriously here at The Commercial Finance Group in Atlanta. We realize that the receivables factoring and asset-based lending solutions we provide help small to medium-sized businesses solve their cash flow problems, and that gives us great pride.
But just because business financing is serious and important, doesn’t mean it still can’t be a pleasant experience. Maybe even fun! That’s why we decided to take a small diversion from our normal informative blogs about factoring and indulge in something a little more humorous. Like ferrets.
You may not think that the fuzzy little pets we call ferrets would have anything at all in common with the world of factoring finance, but we took a closer look, and there are at least three (adorable) traits shared by both the ferret and factoring.
Factoring Finance Is…
Smart
There are many members of the animal kingdom that may impress you with their intelligence, but when it comes to problem solving, ferrets consistently rank above cats, dogs, and even some small primates!
In the the world of finance, factoring is a problem-solving tool for small and medium-sized businesses. Factoring can be a short-term solution to cash flow problems or a long-term tool to support business expansion.
Flexible
If you were to spend any amount of time examining the skeletal system of the average ferret, you’d discover many things that make it unique. Despite being made up of roughly 200 bones, the vertebral column of the ferret is extremely long and flexible, making it possible for a ferret to wiggle its way into a narrow tunnel, turn completely around in said narrow space, and make its way back out.
Factoring is well-known as a flexible financing solution for businesses who might otherwise be considered “unbankable” by traditional lending institutions. With fewer restrictions involving credit history and assets to be used as collateral, many businesses find that factoring is a financing option that works with them instead of against them in their time of need.
Fast
Although it can’t compete with a horse or a cheetah, the relatively small ferret can display an impressive burst of speed when playing or trying to get away from a threat. On average, a ferret can reach speeds of up to 15 miles per hour when they really scared or trying to play.
Like the ferret, factoring is known for being a speedy solution to cash flow problems. Why spend days filling out a bank’s complicated loan applications, then wait up to a week or more to hear whether or not you’ve been approved? In some cases, we can give applicants an answer on their request for factoring finance in just a day or two.
Well there you have it! Three very surprising but important ways that factoring finance is like the adorable ferret. We hope that you’ve enjoyed this humorous blog, but also know that if you’re in need of cash flow solutions, we believe factoring can be a very serious solution.
Contact The Commercial Finance Group in Atlanta today!
