How to Gain Trust During the Pandemic
This pandemic has changed so many ways business is done, but one thing has remained constant. Clear, honest communication is critical to both your customers and employees. A recent small business survey revealed that better communication led to better customer experiences. The truth of the matter is that having excellent communication with customers is often […]
You Might Need a Factor If…
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?
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
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
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?
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 […]
The Many Names For Factoring
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 […]
Is Invoice Factoring Right for Your Staffing Agency in 2020?
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 […]
Entrepreneurs and Start-ups Find Success with Invoice Factoring
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 […]
Borrower Beware
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 […]
