Factoring can be a great alternative to traditional banking for many small businesses because you can get the cash you need so fast.  Cash flow problems can be a real problem from time to time when your accounts receivables build up and making sure the ongoing bills and payroll of the company is of utmost importance in keeping the business going.  Waiting on the cash to come in is not always the best answer so having a good relationship with a factoring service company can really be an asset to keeping your business in the black and keeping your customers and your creditors happy.