How Can Oilfield Factoring Help My Business?
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 ›
Reasons to Work with a Freight Broker Factoring Company
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 ›
Payroll Funding – Deal of the Month
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 ›
How Invoice Factoring Helps Manufacturers
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 ›
Factoring Company or Early Payment Discounts
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 ›