Their purpose is to support and promote rural economic development. 458-1016 Factoring Factoring involves the sale of accounts receivable at a discount in an effort to speed the cash flow of the business. This can be an attractive, yet expensive alternative for emerging businesses that may not meet the lending requirements of financial institutions, but have a strong base of creditworthy debtors. Other Home equity lending is only recently available in Texas. While this may appear to be an attractive alternative to a business loan, the personal liability is high.
Credit cards are an easy, yet expensive way to finance business expenses.