Educate Yourself to Get the Best Factor

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 […]

Life After the Paycheck Protection Program

paycheck protection program form

The good news is the government is offering another round of paycheck protection program (PPP) funding for small business.  This round is slightly more restrictive as to who can receive it and who qualify for forgiveness.  The bad news is that businesses looking for working capital or expansion loans will find their bank totally consumed […]

Best Rated Eight Years in a Row!

The prestigious website Business.com  has just announced their best factors for 2021.  For EIGHT years running American Receivable has been rated as the BEST factor for small, medium enterprises!   Business.com found that;    “American Receivable is an excellent factoring service with fast turnarounds, no monthly minimums and a long, reputable business history”.  Business.com uses a vetting […]

Is Invoice Factoring Right For Your Small Business?

small business invoice factoring

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 […]

I’ve Been Turned Down by the Bank Now What?

Loan declined by banks

Having enough cash on hand to operate and grow a business has always been challenging.  This year has made the search for additional money even more difficult.  Earlier this year banks were entirely consumed with PPP loans.  With the uncertain economy banks have become more cautious. A recent survey showed that more companies have been […]

You Might Need a Factor If…

Tips to Help Your Business Succeed During Unpredictable Times

For many people starting and running their own business is their number one goal.  Being your own boss, creating jobs for other people and having the pride of ownership are some of the reasons that entrepreneurs start their own company.  One hurdle that that business owners must overcome is obtaining the necessary funding to pay […]

Are You Getting Everything Out of Your Invoice Factoring Company?

Cash Flow Word With Coin In Glass Jar and graph up

Banks are seeing steady demand for loan request. But due to tightened credit standards, few loans are being approved.  This makes alternative lenders; like invoice factoring, even more important to keep the economy going. As more business owners turn to factoring as their financial solution there is a growing amount of confusion about account receivable […]

Finish 2020 Strong

business team celebration

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 […]

How to Get the Most Out of Your Factor

business people in a meeting

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 […]

Are Credit Cards the Best Way to Finance your Business?

Woman using a credit card

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 […]