Are You Replaceable?
Several months ago, we started factoring a company that had a great opportunity to double its business. By taking advantage of our invoice factoring program, our client has more than doubled it’s sales in this short period of time. In fact, two weeks ago our client received even more orders! Our client had to deal […]
Factoring to the Rescue
As banks have reported tightening their lending standards there will be more and more demand for alternative lenders for the last half of 2020. As financial brokers, your expertise will be needed as fewer companies qualify for conventional lending. Your customers will be counting on your expertise of understanding the many types of commercial financing […]
Factoring Becomes More Important
Banks reported tightening their lending requirements on all types of business loans in the second quarter as quarantine related shutdowns plunged the economy into recession. Demand for all types of business loans fell, according to the Federal Reserve. Banks reported that their lending standards are now at the “tighter end of the range” of standards […]
Finish 2020 Strong
The challenges of 2020 have not stopped. Looking back at the end of 2019 business owners were getting ready for another banner year. The red-hot economy allowed some companies to succeed despite some sloppy business practices. Here are some tips that would help a company thrive in a good economy and survive when times are […]
Get Cash Flowing With Invoice Factoring
A survey by the National Federation of Independent Businesses (NFIB) found that 82% of business failures are due to poor cash flow management or poor understanding of how cash flow contributes to business. As the trusted advisor to your clients you are already well aware of this statistic. So many business owners learn too late […]
Protect Your Business With Factoring
It seems the world is getting scarier by the day. The business world is no exception to this observation. Business owners have had to adapt to working from home and then ever so careful reopen. While dealing with safety and physical health issues of its employees and customers, business owners must also stay focused on […]
Surviving a Slow Paying Customer
Having a big company as a customer is both a blessing and a curse. It’s a blessing having a large stable customer that provides a steady flow of purchase orders. However, being a supplier for a large corporation also has a set of unique challenges not faced when doing business with smaller companies. Asymmetry in […]
How Are You Managing Credit Risk
With cash flow stretched to its breaking point for many businesses, the consequences of late, or worse yet, non-payment has never been more dangerous. Deciding which customers to extend credit to has never been more difficult. There is lots of credit information on the internet. But it is often expensive, hard to interpret and the […]
What Happens When the PPP Runs Out
Since April, the SBA has loaned over $500 billion. This huge number has softened the blow the economy would have taken due to the shutdown. As helpful as the PPP is, companies are now finding themselves again strapped for cash. Most of our clients at American Receivable were able to secure a loan thru the […]
How to Get the Most Out of Your Factor
So, after research and negotiation you have signed your factoring agreement and your ready to start selling invoices. Before you factor your first invoice here are a few suggestions that will help you get the most out of your factor. Customers Your factor is laser focused on your customers. After all, it’s your customers that […]
