Customer Care Versus Phone Trees
At ARC you won’t find maddening phone trees, pressing 2 for English, waiting for a Chat-Bot to answer a question or outsourcing customer care to a different country. You WILL find: Phone calls being promptly answered by a real person! Our account reps truly care for their client’s success. 24/7 real time account access. Managed […]
Business Tip: Perfect Your Elevator Pitch
Whether you’re describing your business to strangers or trying to land a new customer its important to have a clear, compelling elevator pitch prepared. Some business owners will default to describing who, what, where when and why of their companies. This can work when talking with industry insiders who understand the jargon, but it is […]
Austin Business Owners Get the Funds They Need
If you’re an Austin business owner who waits weeks or even months to get paid by your customers, then accounts receivable factoring may be a good solution for you. Invoice factoring allows the business owner to get the money they need now by selling their open invoices for cash. Unlike a conventional bank loan, factoring […]
Rent Inflation in Austin, TX and How Factoring Can Help
A recent survey of Rents paid by small to medium sized businesses shows worrisome trends. In this survey, 33% of U.S. based SMBs could not pay May rent in full and on time. That’s up 5% April. The report also shows that 52% have experienced rent increases in the past six months. As Austin entrepreneurs […]
Austin Entrepreneurs Are Turning to Factoring
Many Austin business owners are facing the challenge of finding additional funding for their growing business. In response to the economic uncertainty, traditional banks are tightening up their lending policies. Meaning more small and medium sized businesses are being turned down for a loan. Business owners face several hurdles when it comes to applying for […]
Protect Your Company From Credit Risk
This economy is constantly throwing new challenges at business owners. Supply chain issues, a chip shortage, a labor shortage, and constantly rising prices are squeezing the profit margins of many businesses. With these pressures a business owner cannot afford for a customer to not pay an invoice. Deciding which customers to extend credit to is […]
How Austin Companies Are Growing With Factoring
Austin companies, are discovering the many benefits of factoring their accounts receivable. A variety of industries, including warehouse and healthcare staffing, oil field service companies, manufacturing and fabrication companies are all enjoying the advantages of factoring. Cash Flow – It takes money to make money! Austin companies are enjoying a thriving economy and many companies […]
What is Invoice Factoring?
The Code of Hammurabi, written in 1792 BC, has the earliest record of invoice factoring, the Roman industry of buying and selling promissory notes. The American Colonies were built on the back of factors, advancing monies for shipments headed back to Europe. Factoring is the sale of the right to collect cash owed on your […]
Dallas is Hot… Austin is Hotter
Summer has started early in Texas. Our office has stayed busy as more companies from Dallas-Fort Worth and Austin have reached out to us for factoring. We have seen both start-up companies and established businesses that have turned to us. In Austin, a ten year old security guard service was struggling with a burdensome MCA. […]
A Big Win for Texas
More Fortune 500 companies are now headquartered in Texas than any other state. This bit of great news is confirmation of Texas’s business friendly policies. Last week Illinois based Caterpillar announced it was moving its headquarters to Irving, Texas. All these relocations are adding to a growing Texas economy. These companies will require office space, […]