Invoice factoring is a type of financing that allows you to collect immediate cash on your invoices, helping you boost cash flow. Many businesses are hampered by the delays as they wait for clients to pay invoices. With factoring, you can enjoy a more reliable source of income. You may be wondering what the requirements are to qualify for invoice factoring. Read more
When someone needs business financing, the first type of funding they usually consider is a bank loan. However, invoice factoring can be a good alternative with many advantages. Let’s look at some of the key differences between factoring and a bank loan.
Bank Loans: Why They Don’t Work For All Businesses
For most, a business loan offered by a bank is the most familiar type of financing. If you need business financing, it’s worth considering a bank loan. However, this type of loan comes with several potential drawbacks. Read more
Running a profitable trucking business isn’t easy these days. There’s lots of competition, fuel prices are rising and customers can be inconsistent with their orders and payment schedules. Nevertheless, there are certain strategies that can help you boost your profits and grow your company. Here are 10 of the best ways to make your trucking company more profitable. Read more
If you’re looking for non-traditional financing for your business, invoice factoring is one of the most effective solutions worth considering. Getting cash for your invoices immediately rather than having to wait for clients to pay boosts your cash flow, helping you meet expenses and invest in your business. You may be wondering what qualities to look for in an invoice factoring company. The following are some important points to consider. Read more
Cash flow is a key factor for the health of any business. Without healthy business cash flow, you can’t invest in your business. If your access to cash is severely limited, you may even have trouble with basic expenses such as payroll. Read more