Top Reasons to Factor
As businesses are recovering from the pandemic many business owners are trying to expand their company without taking on debt. Last years economic roller coaster further convinced business owners that the risks of borrowing working capital is too risky. More and more business owners have turned to invoice factoring to solve their cash flow issues. […]
Online Business Lenders – Borrowers Beware
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 […]
Now That PPP is Over Where Do Businesses Find Funding?
Small and medium sized businesses are looking for capital to take advantage of pent up demand and the growing economy. Banks are seeing increased demand for loans and are approving as many loans as possible, but that still leaves over 80% of applicants turned down for a bank loan. Business owners are searching all avenues to […]
What To Do When Your Customer Does Not Pay
Take these steps to do everything you can to get paid when your customer is dragging out payment. Call your customer and resend the invoices. Be sure that you submitted the invoice to the correct email address. Follow up with all contacts making sure that they understand they are seriously past due. If your customer […]
New Fundings for American Receivable
Taking advantage of our new streamlined application process, American Receivable booked and funded over three million in factoring. A wind tower maintenance company required faster cash flow to continue growing their customer base. Our team had to work with his existing bank that could not extend any more credit. ARC came up with a solution […]
Reasons Why You Should Partner Only With Independently Owned Factoring Companies
The longer you own and operate your business the more you value a partner that is on your side and always honest about what they can deliver. For a growing business choosing the right factoring company makes all the difference between continued growth or hitting a wall. Factoring companies have traditionally been independently owned and […]
Why Do Staffing Companies Use Factoring?
Of the many challenges the owner of a staffing company faces, making payroll every week is the most critical. Customers can take 30 to even 90 days to pay their invoices, but employees must be paid every Friday. When a staffing company is growing this becomes an even bigger issue. Many staffing companies take advantage […]
Business Tips To Set Up Your Business for Success
Many business owners can become victims of their own success. The very skills and talents that helped them go from being a tiny new start-up to a becoming a successful venture can prove limiting if the entrepreneur does not learn to delegate the responsibilities of the day to day job of running a business. Some […]
How Does Invoice Factoring Work
Business owners are preparing for more activity as the economy reopens. Deciding how finance their growth is always challenging. As banks continue to focus on PPP loans business owners are looking for alternative lending. Invoice factoring, or accounts receivable financing, is a transaction where a business sells its outstanding invoices to a factoring company at […]
Invoice Factoring Terminologies
It seems every industry has its own insider language. The invoice factoring industry is no exception. If you’re a business owner looking for a factoring company to boost your cash flow; knowing the definition of some key words and phrases will help you find the factoring company that is the best fit for your business. […]
