Business Tips To Set Up Your Business for Success

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Many business owners can become victims of their own success.  The very skills and talents that helped them go from being a tiny new start-up to a becoming a successful venture can prove limiting if the entrepreneur does not learn to delegate the responsibilities of the day to day job of running a business.  Some […]

How To Deal With Slow Paying Customers

invoice past due

If a business owner offers their customers terms at some point, they will have to deal with a customer who does not pay within the stated terms.  Slow paying customers put a strain on the company’s cash flow and can jeopardize future projects. The key to collecting past due invoices is to be pro-active as […]

Factoring for Cash Flow Management

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Businesses with slow paying customer often sell their invoices to a factor to avoid a cash-flow crisis.  The factor buys the invoices, advancing 85%-90% of the invoice amount, after checking the credit-worthiness of the billed customer.  When the invoice is paid, the factor remits the balance, minus a nominal factoring fee. Business that utilize factoring […]

Don’t Miss an Opportunity

invoice factoring dallas

The economy is reopening.  The employment numbers are improving, and business owners are seeing opportunities that have been delayed by pandemic.  All of this is good news.  At the same time, banks have their hands full dealing with PPP loans and their underwriting has gotten stricter. A case in point, we had factored a specialty […]

How Does Invoice Factoring Work

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Business owners are preparing for more activity as the economy reopens.  Deciding how finance their growth is always challenging.  As banks continue to focus on PPP loans business owners are looking for alternative lending.  Invoice factoring, or accounts receivable financing, is a transaction where a business sells its outstanding invoices to a factoring company at […]

Mold Your Business Around Trust and Integrity

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In today’s connected world customers have countless options at their fingertips when deciding who to do business with.  Customers have become more discriminating in who they do business with, that is why it so critical to gain your customers’ trust. Your company must succeed in three categories: product/service quality, customer interactions, and public concerns to […]

Invoice Factoring Terminologies

It seems every industry has its own insider language.  The invoice factoring industry is no exception.  If you’re a business owner looking for a factoring company to boost your cash flow; knowing the definition of some key words and phrases will help you find the factoring company that is the best fit for your business.  […]

Asset Based Lending vs. Factoring – Which Is Best for Your Business?

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Factoring is a type of asset based financing that is often confused with asset based lending.  While these products have some similarities, they are different.  This article helps you understand the differences between these products and helps you determine which one is best suited for your company. Factoring Factoring, also know as invoice factoring and […]

Lessons Learned

A survey by researchers at Washington University in St. Louis found businesses with a previous lending relationship enjoyed a 57%-point advantage in obtaining a PPP loan, with 75% of “relationship-borrowers” getting a loan compared with only 18% of “non-relationship” companies succeeding in getting a PPP loan.  The study further found that a personal connection between […]

Invoice Factoring for Startups

invoice factoring for startups

Startups bring us some of our most creative innovations.  Being a startup involves a lot of risk, time constraints, staffing demands, and challenges obtaining funding.  Invoice factoring can help with funding by speeding up cash flow without the long wait for an invoice to pay.  By taking advantage of factoring a startup can ensure they […]