If you run a staffing agency, you understand the importance of cash flow. Waiting for customers to pay their invoices can create painful gaps in your cash flow. One solution to this common problem is invoice factoring, a type of financing where you get paid for your invoices immediately rather than having to wait for clients to pay. Read more
Starting and running a business has always been a risky and unpredictable endeavor. Since 2020, however, conditions have gotten more uncertain than ever. How do you prepare for the unknown, especially if you don’t have massive cash reserves to draw from? Here are 7 business tips to help you navigate uncertain times.
Invoice factoring is a type of alternative financing that helps businesses improve their cash flow situation. It can be used in place of or sometimes in addition to other types of financing such as equipment financing, unsecured loans, and venture capital.
Let’s take a closer look at how invoice factoring works so you can decide if it’s worth considering for your own business to help with cash flow and more.
If you are seeking funding for your small business, you should be familiar with UCC filings. The UCC or Uniform Commercial Code is the law that governs commercial financial transactions in the United States. The purpose of the UCC is to create a consistent set of laws that apply throughout the nation.
If you’re a new business owner or looking for financing, you need to know about the UCC and its filings- forms that are filed and recorded at the Secretary of State when a business obtains financing. UCC forms are not filed by businesses but by their creditors. These filings are called ‘financing statements.’
Growing your business after COVID-19? Talk to one of our experts.To make improvements on your company’s financial position, you have to assess every aspect of your business and identify areas that need improvement. There are many factors that determine your business’s overall financial state. There are also certain actions you can take right now that can give you better results.
