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 […]
Many companies struggle to meet payroll and operating expenses, especially when their customers are slow to pay their invoice. Staffing companies often experience this pain when they have weekly payroll but are only getting paid every 30 days by their customers. Factoring is the solution for this common problem. Simple Successful staffing companies know better […]
American Receivable recently completed three new account receivable factoring facilities, including: Texas-based Produce Company This company needed funds to take advantage of growing sales orders from a regional distributor. ARC put together a factoring and credit insurance facility to both growth capital and reduced credit risk. California-based Inventory Auditing Company This company saw a dramatic […]
With invoice factoring, you bill your customer as you normally do then you sell that invoice to a factoring company. Factoring your invoices is good for businesses that are growing but experiencing interruptions in cash flow. Positive cash flow can be difficult for a business to maintain when you have to wait 30, 60 or […]
We hope you and your family are healthy and safe during these unprecedented times. It has been challenging for all of us. Here at American Receivable, we like many of you, have had to adapt to maintain operations. With more states and businesses reopening, cash flow will be vital to back up and running. Invoice […]
Starting and running a business has never been easy. It takes a lot of grit and determination even in the best of times. Suddenly, the red-hot economy of 2019 has come to screeching halt with entrepreneurs trying to figure out PPP loans and how they can stay in business while working remotely. Here are four […]
The year 2020 has taught us a lot about being prepared to face a disaster. We now have extra toilet paper and have learned to work from home. Business owners have had multiple challenges, applying for the PPP loan, maintaining a motivated work force while working from home and in many cases, diminished revenue. Just […]
Slow paying customers is a major reason business owners are held back from growing their companies. A recent survey found that if all late invoices were paid at once, business owners could hire 2.1 million employees and pay themselves $31,000 more! Another study found that 82% of business failures were caused by cash flow problems. […]
As the nation’s economy continues to open up American Receivable has been busy helping more and more companies solve their cash flow problems. This past month we have funded companies in several major industries. Provided $350,000 funding to a Dallas company provides industrial staffing. Provided $75,000 funding to a Tennessee cellular infra-structure provider. Provided $1,200,000 […]
With the current economic crisis, managing cash flow is more important than ever. Whether your business has been impacted or not, these recommendations will help keep your company cash-flowing regardless of where you are in the business cycle. The Goal is Not Profit The goal is to create a positive cash-flow over the long term. […]