The latest news and blog articles about accounts receivable factoring
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 […]
The Dangerous Allure of Credit Card Financing Many entrepreneurs start their business with a little bit of personal savings, some friends and family money, and a couple of credit cards. Credit cards are relatively easy to obtain and easier to use. So, it’s not surprising that business owners rely on them for daily expenses. A […]
A business owner will quickly face information overload when trying to research invoice financing or accounts receivable factoring on the Web. The first thing a business owner must do is sort thru all the paid ads. Many of these ads are not even from funding sources, but from brokers who get paid by placing you […]
Selling accounts receivable to obtain short-term funds is called factoring, AR financing, AR discounting, and AR factoring. Though it goes by many names factoring offers a fast solution to business owners who are facing a cash shortage. The factoring company will base its decision, buy the accounts receivable based on the credit strength of the […]
What Factoring Is and What It Isn’t Factoring is not a loan. You are not paying the factor back, your customer is. Factoring is not a good solution for long term debt like buying a building or equipment. And factoring is not an option for companies in the pre-revenue stage. Factoring, also known as accounts […]
Striving Towards Financial Stability in the New Decade 2020 has arrived, and for many companies the new year brings with it new goals to strive for over the coming months as well as the decade ahead. These ambitions can take a variety of different forms, but for many staffing agencies growing to accommodate more employees, and achieving financial success are among the list. While there […]
The greatest challenge an entrepreneur or start up faces is raising capital to finance the new venture. Business plan in place, financing is the next step. A traditional business loan requires specific criteria, and most new businesses will not qualify. A traditional bank loan requires the business owner to have good credit and usually 2-3 […]
Business owners have never had more options for lending than now. There are all the traditional avenues, SBA loans, community bank lending, equipment leases, factoring and asset based lending. Now there is also a multitude of Online business lending companies. Online lenders have mastered the art of being fast and easy! Business owners are promised […]
