Online Business Lenders – Borrowers Beware

No hidden factoring fees

Online Business Lenders – Borrowers Beware When it comes to online business lenders, there are good ones and not-so-good ones, and it’s not always easy to tell the difference. Business owners have more options available for financing today than at any other time in the past. In addition to traditional lending avenues such as SBA […]

Don’t Miss the Signals That Your Business Needs Revamping

invoice factoring dallas

Whether you’re a production or a service company, the heartbeat of your company is the financial management. Money comes in and goes out quickly, it’s critical to ensure that all transactions are being recorded correctly. As your business grows, your customer base and your supply chain will become more complex. Keeping your financial records current […]

Factoring for Cash Flow Management

a person using a calculator

Businesses with slow paying customer often sell their invoices to a factor to avoid a cash-flow crisis.  The factor buys the invoices, advancing 85%-90% of the invoice amount, after checking the credit-worthiness of the billed customer.  When the invoice is paid, the factor remits the balance, minus a nominal factoring fee. Business that utilize factoring […]

Don’t Miss an Opportunity

invoice factoring dallas

The economy is reopening.  The employment numbers are improving, and business owners are seeing opportunities that have been delayed by pandemic.  All of this is good news.  At the same time, banks have their hands full dealing with PPP loans and their underwriting has gotten stricter. A case in point, we had factored a specialty […]

Could Your Business be a Target of Financial Fraud?

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Cyber attacks against small businesses are sophisticated schemes perpetrated by tech savvy criminals. Criminals use legitimate looking emails, malicious software and social media to obtain login credentials to businesses’ accounts.  From there they are able to transfer funds from the accounts and steal private information.  It’s more than identity theft it’s a fraud referred to […]

Getting your Financial House in Order for 2021

invoice factoring dallas

Getting your financial house in order is not as hard as you may think.  With some careful planning, you too can be prepared for the best of times and the worst of times. Open bills the day they arrive. This may seem like common sense but ignoring them won’t change anything or make them go […]

Four Misunderstandings About Factoring Companies

Applications for business Employer Identification Numbers (EINs) totaled over 1.5 million for the third quarter of 2020.  New businesses are being formed at the fastest pace in more than a decade.  There are good reasons to start a business now; interest rates are low, there are lots of good workers who’ve been let go from […]

Factoring for the Un-bankable

loan application denied by a bank

Getting a loan for a business has become exceedingly challenging as the Covid economy rolls on.  Banks have become very cautious, as so many of their customers have experienced financial difficulty.  Not only are fewer new loans being approved, many current bank customers are not having their loans renewed.  Many businesses have experienced a loss […]

Factoring Becomes More Important

business invoice factoring

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 […]

Surviving a Slow Paying Customer

invoice folder with a note that says unpaid

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 […]