The Wells Fargo/Gallup Small Business Index showed that business owners are more optimistic as 2013 begins. The latest Index improved 20 points to positive 9 in January 2013, up from negative 11 in November 2012.
Although factoring has been around for centuries, Jonathan Lucas, president of CIT Trade Finance, and his colleagues found themselves discouraged by the lack of accurate information about this longtime financial service. Determined to raise awareness and educate business owners on factoring, CIT launched Factoring University as a comprehensive, yet accessible, online resource.
The economy is generally on the mend, yet many SMEs in Canada are still finding it hard to get the credit and financing they need to move their businesses forward. The saying, “It takes money to make money,” is being heard more and more every day. Why is this?