With many small manufacturing firms still reeling from recent economic downturns and the ongoing small business credit crunch, finding the right funding solutions is a real necessity to remain viable. A recent article by Elaine Pofeldt and published in Forbes Magazine described some of the challenges facing the small business community.

In the business-to-business (B2B) marketplace, maintaining positive client relationships and retaining customers can create a foundation for future financial success. B2B companies must maintain stable supply chains and engage in proactive contract management activities to stay competitive in this constantly changing marketplace.

Purchase order financing and receivables factoring are two asset-based financing options that a number of companies are turning to. Both are ideal sources of immediate capital for enterprises that deal with long receivable collection times.

The pace of business can be hard to keep up with, especially if your business is growing. It is not unusual for a company to go through several years of relatively lean financial times before finally seeing some kind of growth.