What is invoice factoring? Invoice Factoring is the sale of your accounts receivable or an single invoice. When you sell an invoice, the factoring company will give you the lion share of the cash up-front, normally within 24 hours of a verification. The factoring company typically advances you 80% – 90% of the invoice face-value withinContinue reading “Invoice Factoring Vs Bank Line of Credit”
How to manage your business in a recession? Managing a business during a recession can be challenging, but with the right strategies and proactive measures, you can increase your chances of survival and even find opportunities for growth. Here are some tips to help you manage your business if and when the next recession arrives.Continue reading “Managing your business in the upcoming recession”
Invoice factoring or financing is a financial transaction in the business-to-business industry. It’s when you sell an invoice or invoices to a factoring company at a discount rate for immediate cash. The factoring company will advance up to 90% of the face value of the face invoice amount within 24 hour of us verifying the validityContinue reading “What is Invoice Factoring & how does it work?”
Crisis in America Skyrocketing debt, world wars, insane inflation, the rise of credit card debt, the cost to borrow money, product shortages, soaring costs of energy, declining stock market, mortgage rates that have tripled, historical crime rates and deciding to feed your family or heat your home. These are just a few things that mostContinue reading “Invoice Factoring – The World is on Fire”
Small businesses continue to struggle financially and many are facing greater challenges with managing supply chain challenges and hiring enough workers, according to a survey released Tuesday by the Federal Reserve. While some small businesses have seen their revenues increase, the recovery has been uneven, with smaller firms and those owned by racial minorities seeingContinue reading “Cash is King in an inflation world”
The first question all potential customers ask is… What’s your rate/factoring fee? The factoring fee is important but “what’s the cost†is what you really want to know. Many factoring companies (in order to sound more competitive) offer you teaser rates and sure, the teaser rates sound great but if you apply common sense toContinue reading “What you need to know before selecting an invoice factoring company”
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”
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”
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”
What are the most common issues that cause a business to have growing pains – and how to overcome them? Business growing pains is not at all a sign that you are a bad business owner. Almost all successful businesses will go through at least one or more periods where they will experience growing pains.Continue reading “Causes and Solutions for Cash Flow Problems”
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