Finance: Advice from Omar

Whatever the effect of the U.S. banking reforms under discussion last week (see above), they are unlikely to mute the small businessman's eternal lament: that a bank will lend him the money he needs only if he can show that he already has it. Nonetheless, in recent years the small businessman's plight has been significantly eased by a fast-rising breed of financiers who are called factors and operate on the theory that a company's best assets are its customers' debts.

Unlike banks and commercial finance companies, factors are not primarily lenders of money to their clients; instead, they bet that...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!