If you read our last post, What is Factoring?, then you’re well aware of what invoice factoring is all about. Naturally, the next question you may be asking yourself is…should I use a factoring service? The answer to this question isn’t quite so simple. Your decision of whether or not to use accounts receivable factoring Read More ›
Even though invoice factoring is not something new, there are still many people who have never heard of it before or simply don’t understand what it is. So exactly what is factoring? According to Wikipedia: “Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., Read More ›
Manufacturing is an industry that faces a constant need for working capital. In this Article, Megan Woolhouse of The Boston Globe points out that, “Since the sector hit bottom in early 2010, the nation has added nearly 900,000 manufacturing jobs, according to the Labor Department.” These jobs represent real growth that translates into more and Read More ›
Whether you’re just starting your staffing agency, or you’ve been in business for years, it’s always important to work with a financial partner who truly understands your unique needs. According to a recent AOL Jobs Article by Kristen Felicetti, “…temporary jobs are expected to grow 13 percent over the next five years…” and “…46 percent Read More ›
So you finally launched your new business that has been in the works for months…maybe even years. It’s certainly a great feeling to see the countless hours of work come to fruition. Maybe you obtained personal loans from family and friends to get started, or maybe even an unsecured loan from a bank. It’s important Read More ›
Medical accounts receivable financing, synonymous with the term “medical factoring”, is a significantly helpful working capital tool that is available to healthcare providers. The goal of this post is to address some of the more common questions surrounding A/R financing within the medical field. However, for additional information, feel free to visit our Medical Receivables Read More ›
In a previous post, we briefly discussed why invoice factoring was a good small business funding solution along with which type of companies should utilize it and which ones simply should not. As such, this post is not a comparison of accounts receivable factoring to other forms of financing, but will focus on a simple Read More ›
It’s no secret that most small businesses across the country view traditional bank loans and lines of credit as the holy grail of financing due to their low cost of funds…and rightfully so! The simple truth is that if a company can obtain traditional bank financing in an amount sufficient for their capital needs, they Read More ›
Staffing agencies of all sizes often face cash flow dilemmas. Temporary employees need to be paid every one or two weeks, but most customers only pay their bills every 30 to 45 days. Payroll factoring is one of the most convenient methods to accelerate receipt of customers’ payments and allows staffing firms to make payroll, Read More ›
Factoring for trucking companies and freight brokers is a highly efficient means to obtain up-front cash for loads that have already been delivered. By selling receivables, transportation companies are immediately able to cover the cost of fuel, repairs, driver wages, and any other operating expenses that arise without waiting the typical 35-40 days it takes Read More ›