Zach Ellis, Commercial Credit Group, gives an update from the Permian Basin in Texas. Ellis describes the scene after stopping by over 25 businesses.
The interview dives into the CARES Act bail out packages and how that becomes government competition for those hustling trying to sell alternative financing.
Factoring is purchasing the invoice up front at a very minimal discounted rate, paying proceeds the next day so you can increase company cash flow, and return to business as usual.
In a previous interview, Ellis spoke about refinancing debt, which is also an additional option to increase cash flow, and lower total cost of ownership.
For more information call 682-386-7973 or email Zellis@commercialcreditgroup.com
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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