Asset Based Lending vs. Factoring – Which Is Best for Your Business?
Factoring is a type of asset based financing that is often confused with asset based lending. While these products have some similarities, they are different. This article helps you understand the differences between these products and helps you determine which one is best suited for your company. Factoring Factoring, also know as invoice factoring and […]
Who Qualifies for a Factoring Company?
As banks become more restrictive with their lending more and more business owners are turning to alternative lenders to find the additional working capital they need. Invoice factoring, also sometimes referred to as invoice finance, is when a business owner sells their accounts receivable to a factor for immediate cash. Business owners improve their cash […]
Getting your Financial House in Order for 2021
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 […]
Are You Getting What You Deserve from Your Invoice Factoring Company?
The New Year is the perfect time to evaluate if you are getting the most out of your invoice factoring company. Are you already factoring your invoices as a means of improving your means of cash flow? Yes? Congratulations! You are on a great path to growing and keeping your business successful. Now, do you […]
Five Tips to Help Your Small Business Thrive During Uncertain Times
Starting and running a small business has never been easy. It takes a lot of grit and determination even in the best of times. And while most experts agree that the landscape has improved in recent years, there’s still a lot of uncertainty. Changes in the tax code, unrest in the Middle East, the uncertain […]
Will Factoring Affect My Customers
If you are searching for funding for your business, you should consider invoice accounts receivable factoring. Also known as invoice factoring, you sell your outstanding accounts receivable to your factor, so you don’t have to wait for your customers to pay you. Many business owners look for a factoring company that has a good reputation […]
Invoice Factoring vs. Traditional Bank Loans
What’s the difference between invoice factoring and traditional bank loans? It’s a question we hear a lot, so in this article we’ll take a look at the pros and cons to help you decide which is best for your company. When searching for financing to meet your day-to-day expenses traditional bank loans or lines of […]
Five Invoice Factoring Questions to Ask Before You Sign Up
It is easy to be overwhelmed when looking for a factoring company. There are so many flashing ads and confusing buzzwords a businessowner can be quickly led down a path that seems right but ends up costing dearly. Here are the top 5 questions we get about accounts receivable factoring. How Do Factoring Rates Compare […]
In the Coming Economic Storm, Liquidity Is Your Life Raft
The economic news continues to be confusingly double sided. Wall Street is again nearing record territory while Main street is dealing with high unemployment, bankruptcies, and late payments. Banks and business owners have already taken notice and are doing everything they can to gather liquidity to survive this storm. For the last eight years business […]
Factoring to the Rescue
As banks have reported tightening their lending standards there will be more and more demand for alternative lenders for the last half of 2020. As financial brokers, your expertise will be needed as fewer companies qualify for conventional lending. Your customers will be counting on your expertise of understanding the many types of commercial financing […]
