Machine Shops Benefit From Invoice Factoring With American Receivable
Machine shops play a vital role in the manufacturing industry by producing precision parts for various industries, such as aerospace, automotive, and medical devices. However, like many small and mid-sized businesses, machine shops often face challenges related to slow-paying customers and limited access to financing. To address these challenges, many machine shops are turning to […]
Oilfield Service Companies Thrive With Invoice Factoring
Oilfield service companies play a critical role in the oil and gas industry by providing a range of services, such as drilling, well completion, welding, wastewater hauling and maintenance. However, these companies often face challenges related to slow-paying customers, which can hamper their ability to grow their business. To address this issue, many oilfield service […]
Pick the Right Bank for Your Business
With the recent bank failures many business owners are reexamining their banking relationship. Having a supportive bank on your team is always important. Even more so now in light of a slowing economy and the worry of some banks getting caught in an interest rate squeeze. Bigger is not always Better It may be tempting […]
Austin Manufacturers Benefit From Factoring
Manufacturing companies in Austin, Texas are experiencing unprecedented challenges in the wake of the COVID-19 pandemic. With banks’ lending less, traditional financing options are no longer viable for many businesses. Fortunately, factoring companies are stepping in to provide the necessary cash flow to keep manufacturing companies afloat and thriving. Invoice factoring is a financial transaction […]
5 Tips To Help Find a CPA for Your Business
There are many aspects of your business that require your attention as a business owner. Managing your finances is undoubtedly one of the most crucial. That’s where a Certified Public Accountant (CPA) comes in. A CPA can provide expert advice on tax planning, financial reporting, and other critical financial matters, helping you navigate the complexities […]
The History of Invoice Factoring
Invoice factoring is a financing option that allows businesses to sell their unpaid invoices to a factoring company or a factor, in exchange for immediate cash. This form of financing has been around for centuries and has played a crucial role in the growth and success of many businesses. The practice of factoring invoices can […]
American Receivable Provides Access to Capital to Women Entrepreneurs
When American Receivable opened it’s doors more than 44 years ago, it was the exception to see a woman owned business. Businesses were typically started and run by men who most often already had connections with customers, suppliers, and bankers. Those kind of connections are invaluable to any start up. As owners of a new […]
