It’s clear that the medical and healthcare industry is a rapidly growing space. In order for practitioners to thrive, access to working capital is a must. According to an article by Emily Berry of American Medical News: “Borrowing is increasingly common for medical practices. Loans to medical practices backed by the Federal Small Business Administration Read More ›
Many construction factoring companies in existence today seem to take a fairly straightforward approach to their trade. It’s rather uncommon to see programs such as non-recourse factoring or spot factoring being made available to sub-contractors or general contractors. However, the truth is that many of these businesses may benefit from the alternative methods that are Read More ›
For the month of January, we’re highlighting a new client who was searching for the perfect Transportation Factoring solution. This client operates a fleet of 14 trucks, hauling refrigerated freight, and averages approximately $175,000 in monthly revenue. This particular carrier was searching for a factoring company to provide a competitive fuel card program along with Read More ›
Believe it or not, we hear the question “what else can a factoring company do for my business?” quite often. While this may seem like a strange question, the fact of the matter is that the competitive landscape within the invoice factoring industry has forced lenders to become more diverse with their product offerings. There Read More ›
What do you do when the insurance company or Medicare does not pay your claim for several weeks and you have employees to pay and other overhead expenses to cover? The costs associated with operating any sort of medical practice are often quite high. Combine these expenses with all the outstanding claims that remain unpaid Read More ›
If you’re in the business of providing goods or services to oil and gas companies, there is a good chance you‘re experiencing payment terms that extend beyond 30 days. If you find yourself in this situation, the good news is that there is a solution – Invoice Factoring Companies. Such companies specialize in paying you Read More ›
The freight brokerage business has been growing exponentially over the last several years. In fact, according to a recent PR Newswire press release by the American Trucking Associations, …freight volumes will increase by nearly 29% over the next 11 years. As a result, more and more factoring companies are attempting to “cash in” on this Read More ›
As an additional segment to our website, we will be selecting one new client each month to highlight in a dedicated blog post. This month’s winner is a temporary staffing agency based in Houston, TX. The client was averaging about $50,000 per month in new receivables, but was in severe need of Payroll Funding in Read More ›
Manufacturing companies are often faced with working capital issues that can restrict their ability to expand and thrive. When a customer does not pay its invoice for 30, 60, or even 90 days, the manufacturer’s cash is simply tied up until that receivable is collected. This type of cash flow dilemma can lead to serious Read More ›
Why would a business use a factoring company? Why would they offer early payment discounts? The answer to both of these questions is often one in the same…the need for working capital. So what is working capital and why is it so important that a business would consider using these methods to make sure they Read More ›