When Oilfield Factoring Makes Perfect Sense
It’s no secret that oil prices are low. With the price of crude under $50 per barrel, many oilfield operators are feeling the pinch of shrinking margins. These oil & gas companies have had to dramatically “reconfigure” their business model and cost structure or risk closing their proverbial “doors”. According to a Bloomberg article by Read More ›
Healthcare Factoring Companies – How to Choose
It doesn’t take an expert to know that the U.S. population is getting older and living longer. According to the Administration on Aging: “People 65+ represented 14.1% of the population in the year 2013 but are expected to grow to be 21.7% of the population by 2040.” So exactly what does this mean? It means Read More ›
Accounting for Staffing Factoring
We often get asked what factoring looks like from an accounting perspective. The Best Factoring Companies know that this largely depends on whether your factoring arrangement is with or without recourse. The below example is meant only to illustrate the difference between the two, and we therefore suggest you consult your CPA or accounting professional Read More ›
Recourse vs. Non-Recourse Factoring
Have you ever wondered what happens if your customer doesn’t pay on a factored invoice? Even worse, what if they declare bankruptcy? The answer to these questions depends on the type of factoring you decide to use. While our last post covered Invoice Factoring Rates, we now turn our focus to the differences between the Read More ›
Invoice Factoring Rates Explained
If you read our recent Should I Use a Factoring Service post, you probably have a good idea of whether or not accounts receivable financing is right for you and your business. Once you’ve decided that it is, or if you’re already factoring, one of the most important items to consider when choosing between factoring Read More ›