Current economic climate creates opportunities for factors.

As credit markets tighten, borrowers can turn to asset based lenders to obtain more credit than from traditional banks.

As banks tighten their lending standards, more companies and funds are searching out asset-based lenders.

Failure doesn’t deter many entrepreneurs.

An article from the RENAISSANCE newsletter published by Morris, Anderson & Associates, Ltd. written by Miles M. Stuchin, President of Access Capital Inc.

Miles M. Stuchin, president of Access Capital, gives some insight on how companies outside the high-tech hubs can attract the attention of venture capital firms.

This article warns small business owners of the possible increase in interest rates for borrowers because of the warning issued by Federal Reserve Chairman Alan Greenspan on inflation. Banks may also start employing a credit crunch. The article states that the best time for a company to borrow is now - before a credit crunch impedes its plans for future expansion.

This article is about the increase in loans made to businesses by nonbank lending institutions. The banks lost many loyal customers when they employed their credit crunch. Businesses turned to nonbank facilities or finance companies to obtain financing.

This article tells how difficult it was to get a loan or extended line of credit from the bank because of the credit crunch. Firms turned to finance companies, factors, and other asset-based lenders for working capital to grow their businesses.

This article features Miles M. Stuchin, president of Access Capital, as one of forty other entrepreneurs under forty years of age honored by Crain’s.