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
Small businesses, more than ever, are facing cash flow challenges. To keep your business running efficiently, you need cash on hand for payroll, inventory and all your expenses. Invoice factoring can provide a solution, letting you have consistent cash flow independently of when your clients pay your invoices. Let’s look at what small business factoring is and how it can help you. Read more
2020 was a difficult year for many businesses and 2021 may turn out to be challenging as well. With so many restrictions and unpredictable conditions, it’s especially hard for businesses that provide their services on credit.
Invoice factoring is a type of financing that helps you maintain consistent cash flow, even during uncertain times. What is factoring? Let’s take a look at what it is and why it’s one of the best financing options for businesses in 2021. Read more
Before entering into any financial agreement, you should be sure to assess the costs and net benefits. Below we are going to walk you through both the benefits and costs associated with factoring.
For most small companies, the benefits of invoice factoring fall into four main categories:
- Sales Growth
- Bad Debt Elimination
- Supplier Discounts
- Administrative Cost Reductions
The benefits are derived from the three components of full-service factoring:
- Finance (receivables converted to liquid funds)
- Credit Services
- Accounts Receivable Management
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. Read more