Invoice Factoring Can Save Your Business
Thursday, March 6th, 2008Invoice factoring is the basic practice of selling invoices to financial factoring companies for the purpose of receiving money right away. Smaller companies often fall into the financial trap of not having available resources and therefore sell their invoices to financial agencies in order to gain working capital. This practice does not require the business to swallow more debt and in fact operates in an opposite manner. Small businesses that don’t utilize the financial tool of accounts receivable factoring acquire more debt by waiting for the accounts receivables to be paid.
Non Recourse Factoring Vs Recourse Factoring
Sunday, March 2nd, 2008There are very few things more important to a new, starting small or medium business than cash equity. There are many things that count as equity for example business equipment, cash on hand, line of credit, and even invoices. That’s right! Invoices can be a means of equity for almost any business, but getting a working cash flow is usually only possible through recourse or non recourse factoring.
What exactly is non recourse factoring? How does non recourse financing differ from recourse financing? Is non recourse financing right for your blooming business? Let’s take a few moments to explore the answers to these fascinating questions.
7 Good Reasons To Factor Your Way Into A Positive Cash Flow Position
Sunday, February 24th, 2008Factoring is the selling of your invoices for cash rather then waiting 30, 60 or 90 days for payment from your customers. Factoring companies factor invoices from Corporate, Federal, State, City or Utility Companies. Very few factoring companies handle consumer factoring. For this, retailers are using the Credit Card Receivables methodology. And even fewer Factoring Companies factor Government contracts.
Seven Great Financial Reasons to Factor:
1. Factoring increases Cash Flow without increasing or adding debt.
2. The factoring process is fast and easy to qualify for. Your credit nor your companies credit is an issue. The Finance Company is only interested in YOUR client’s credit.
Asset Based Factoring - A Beginners Guide
Friday, February 22nd, 2008There are few things more exciting, compelling, or time consuming as having a new business trying to get past its first year successfully. Established businesses and new businesses share many things in common, but an established business is less likely to have issues with immediate cash flow. Either way you look at it, asset based factoring is a great way to get working cash flow out of assets immediately instead of tomorrow.
What exactly is asset based factoring? Asset based factoring is a method of selling payable invoices to a factoring company at a loss of the total due on the invoices. Selling those invoices is a great way to get working capital out of payable invoices due in the future.
7 Good Reasons To Factor Your Way Into A Positive Cash Flow Position
Sunday, February 10th, 2008Factoring is the selling of your invoices for cash rather then waiting 30, 60 or 90 days for payment from your customers. Factoring companies factor invoices from Corporate, Federal, State, City or Utility Companies. Very few factoring companies handle consumer factoring. For this, retailers are using the Credit Card Receivables methodology. And even fewer Factoring Companies factor Government contracts.
Seven Great Financial Reasons to Factor:
1. Factoring increases Cash Flow without increasing or adding debt.
2. The factoring process is fast and easy to qualify for. Your credit nor your companies credit is an issue. The Finance Company is only interested in YOUR client’s credit.
Factoring Companies - Ask About Hiddens Fees
Saturday, January 19th, 2008There are literally hundreds of factoring companies to choose from in the modern economy. Each of these companies presents its own set of benefits and advantages to using their company. However, there are a few tips and tricks that can be learned before setting out to find financing companies that will best suit individual needs.
The first aspect to consider when choosing appropriate factoring companies is that there are no hidden fees. Many companies promise great return only to discover that there are invoice fees, charge back fees and other fees that the financing companies are not upfront about. Ask and inquire about hidden fees such as phone calls or any other fees that may not have been mentioned in the company literature. Most reputable factoring companies incorporate the fees for invoices, and other expenses in the percentage that they offer to buy invoices.