Invoice Factoring
Financing Your Business By Factoring Invoices
Business owners must be resourceful in order to be successful. This has never been more true then today. With companies being forced into bankruptcy or into closing their doors, finding the money to stay afloat is becoming more difficult. One method that is perhaps underutilized by a large number of businesses is invoice factoring. Many [read more »]
Accounts Receivable Factoring: Is Your Business Eligible?
Your company may or may not have heard of receivables factoring. If not, what you learn in this article will be quite exciting. Receivables factoring is an excellent way for companies to receive capital in a very short amount of time. Businesses generally rely on debt when they are in need of cash. The problem [read more »]
The Broker’s Role in the Factoring Transaction
What is your role in the factoring transaction? How involved should you be? Everyone has different feelings about the answers to these questions. This article will attempt to provide some general guidelines and helpful ideas. The primary initial role a factoring broker must serve is as an “Educator”. First, you must educate the prospect about [read more »]
Payroll Financing
We all know that the banks do not provide a friendly credit environment to small, growing businesses. If they offer any money, it usually isn’t enough. This often leads to an inability to grow your company due to a lack of funds. Well, there’s a type of financing out there that is greatly increasing in [read more »]
Funding Your Fast Growing Company
A fast growing company will be in constant demand for funds in order to further fuel that growth. Money is required to purchase additional materials, bring in more personnel and cover operating costs. There are numerous ways for a business to get the funds that they might need, though there is no guaranteed way. Loans [read more »]
Factoring Is The Cash Flow Solution To The Staffing Industry
Invoice factoring is one of the oldest forms of business finance. There are certain industries that are a perfect fit for factoring and one of them in particular is the staffing industry. Cash flow, gets held up because money goes out much faster than it comes in. This rings especially true with temporary payroll staffing [read more »]
How the Down Economy Has Positively Affected the Factoring Industry
The current consensus in the factoring industry seems to be that the lower debtor quality is greatly influencing receivables financing. As factors see increases in invoice turnover, risk of bankruptcy by customers, concentration, and decreases in debtor credit, it may look like troubling times for invoice factoring. That being said, there are “diamonds in the [read more »]
Here’s How Factoring Is Better Then A Loan
There will definitely times when factoring will be more advantageous for a company then a loan or line of credit. Factoring does not require a company to take on new debt. It is a faster way to get money then a loan, there are no interest payments and obtaining money from a factor is much [read more »]
Financing Your Business During A Recession
During a recession it can be extremely difficult to finance a business, much tougher then it would in an otherwise healthy economy. Banks are very slow and hesitant to give out loans because the likelihood that they will be paid back significantly decreases. Bank loans are difficult for new companies to receive even in a [read more »]
Factoring Vs. Banking
When a company is looking at available options for financing their business, they will find that there is a world of difference between working with a bank and a factoring company. Banks require much more proof that your company is an acceptable lending risk. It may be necessary to have asset collateral and to be [read more »]