What is a payment discount? Companies have been offering their customers a discount if they were to make their payments in 15-day net terms. This is a great way to expedite payments to improve your accounts receivable process. Have you ever offered a 2% discount to your customers for 15-day net terms? These discounts shouldContinue reading “Do you offer early payment discounts to your customers?”
The Cost to Borrow Money in Today’s Market What would your interest rate be today, if you were to borrow money for your business? Rates have not been this high since the 1970’s. If you are a well-qualified borrower, the lowest rates start at 8%. If you are not a well-qualified borrower, rates are asContinue reading “The Cost to Borrow Money in Today’s Market”
Factoring / Invoice Financing 101 Invoice Financing is a financial tool that assists business owners to improve their cash flow. You cannot decide if this tool is right for you, unless you understand how it works, how it benefits you, what it costs are and what the timeframe will be from the time you completeContinue reading “Invoice Factoring – 101”
In 2023, the percentage of businesses that are minority-owned can vary depending on the country and the definition of minority. In the United States, for instance, the Minority Business Development Agency (MBDA) reported that minority-owned businesses accounted for about 34% of all U.S. businesses. Traditional financing (like a bank line of credit) is not alwaysContinue reading “Minority Owned Business Financing”
These are the top 10 reasons why new businesses often fail:  Demand of Product or Service Many businesses fail because there is no real demand for their product or service in their area. Business Plan to Know your Goals Without a clear business plan, it’s challenging to set goals and measure progress. It’s greatContinue reading “These are the top 10 reasons why new businesses often fail:”
Running a small business requires constant coordination across clients, expenses, and day-to-day operations. One of the most common setbacks? Waiting on customer payments. Delayed invoices can slow momentum and make it difficult to plan for growth. That’s where invoice factoring for small businesses comes in, offering a reliable way to turn outstanding invoices into immediateContinue reading “7 Benefits Of Invoice Factoring For Small Business Owners”
Cash flow challenges are common in the oil and gas industry. From equipment rentals to trucking services, many businesses in the oilfield sector face long payment cycles. Waiting 30, 60, or even 90 days for customers to pay invoices can strain operations and limit growth opportunities. That is why choosing the right oilfield factoring company can makeContinue reading “Finding The Right Oilfield Factoring Company”
Managing cash flow is one of the most difficult challenges for early-stage businesses. Delayed payments can disrupt growth plans, especially when essential expenses like payroll, product development, and marketing cannot be postponed. In this environment, an invoice financing startup model offers a practical solution by turning unpaid invoices into available working capital. Rather than waitingContinue reading “How Startups Can Use Invoice Financing To Boost Cash Flow”
Maintaining steady cash flow is essential for business continuity. Receiving payment quickly can often determine whether your company is ready to pursue growth or is forced to pause. That is where financial tools like invoice factoring and invoice discounting can play a key role. If you are comparing invoice factoring vs. discounting and wondering which fits yourContinue reading “Invoice Factoring Vs. Invoice Discounting: Which One Is Right For Your Business?”
Running a janitorial business means balancing many moving parts, from maintaining payroll to buying supplies and expanding operations. Yet one of the biggest challenges cleaning companies face is slow-paying customers. Many clients request net-30, 45, or even 60-day terms, while your day-to-day expenses require steady access to cash. This is where janitorial factoring services come in. ByContinue reading “Top Benefits Of Janitorial Factoring Services”
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