One decision every business has to make is whether or not to extend credit to customers. Providing customers with credit allows them to obtain goods and services now while paying for them later. At the same time, you have to be careful to do this in a way that’s responsible and doesn’t harm your cash flow. Let’s look at how to extend credit in a way that’s beneficial to both businesses and their customers.
A factoring company can allow your organization to fill the gaps between service and payment and ensure you have a reliable, steady stream of cash flow for your business. In some cases, though, you may need to make the switch from one factoring company to another. The most common reasons for making a switch include cost and overall quality; learning more about why you might want to make a change and the steps needed to switch from one factor to another can help you make the most of the process.
Small businesses in need of capital look at all different avenues for resources. Traditional loans can be difficult to qualify for and take a long time to fund. One of the easiest to qualify for and quickest sources of business capital is a merchant cash advance. However, business owners should fully understand what an MCA is and how it can negatively impact their business in the long run. Read more
As 2022 quickly approaches, many are wondering what the immediate future holds for the freight market. It’s especially hard to predict the future right now, with uncertain economic conditions, the Covid-19 pandemic is still a factor and supply chain issues are affecting the nation. However, it’s possible to make some educated forecasts based on current data and conditions. Read more
If you work with commercial clients, utility companies and general contractors, you can count on getting steady work. The downside to these clients is that they often take a month or longer to pay their invoices. Waiting for payments can cause cash flow challenges. You need to pay your employees and keep up with other business expenses. One way for underground utility & cabling companies to remedy this situation is through invoice factoring. Read more
