TFI Launches January 3, 2011

With the holiday season in full swing and the New Year just around the corner, 2010 will end going down in history as a year small business would like to forget.

The more things seemed to change the more they stayed the same. The reality is the credit crisis continued to inhibit growth due to the record bank declines. Traditional forms of financing have become an anomaly to cash flowing small business. With all the uncertainty, looming for 2011 the Factoring Industry remains strong, recession proof and has become the financing tool of choice.

“TFI” is launching January 3rd, 2011 and with over 100 years of Industry experience “TFI” is poised to revolutionize the Factoring Industry and help small business…more to come!

How to Factor Invoices on Small Margins

You probably have heard the many benefits of factoring receivables but may have thought it’s only viable for those companies with large profit margins. Well, you might be surprised to know that many companies with small profit margins are benefiting from factoring also.

For example let us say that you are only making a 3% profit on your product and the factoring fee is also 3%. Read more

Factoring Invoices – Waking a Small Sleeping Giant

Not too long ago, the factoring industry was looked upon as a financing alternative for large commercial enterprises, Read more

Factoring Invoices With Riviera Finance

Looking for longevity and service in a factoring company? Riviera Finance recently celebrated an impressive 40 years of helping small business turn accounts receivable into ready cash.

Factoring Investor (FI) was fortunate to catch up with Dave DeRango, Business Development Manager at Riviera Finance, for an investor spotlight interview. Read more

Accounts Receivable Factoring for Nurse Staffing Companies

The cash flow gap is a common challenge to nurse staffing agencies.  It can take months for the hospitals and nursing homes to pay invoices for staffing services yet the nursing staff needs paid every week or two.

Factoring companies can help by providing small business funding to Nurse Staffing Agencies, but should they choose recourse or non recourse factoring?

This article from guest author Philip Cohen of PRN Funding explains the difference.

Recourse and Non-Recourse Nurse Staffing Accounts Receivable Factoring: What’s the Difference?

By: Philip Cohen

What is nurse staffing recourse factoring?

For the most part, recourse factoring is the most common and the most affordable nurse staffing financial help available to business owners. In this type of factoring arrangements, the accounts receivable factoring company will require an agency owner to buy an invoice back if the client does not pay within a specified amount of time. Moreover, the nurse staffing agency owner accepts full credit risk for any and all accounts receivables that it sells to the factoring company.

What is nurse staffing non-recourse factoring?

The other accounts receivable factoring option that owners have is non-recourse factoring. In a nutshell, non-recourse nurse staffing financing agreements hold the factor entirely responsible for an unpaid invoices if the following is true:

If the hospital, nursing home or vendor management system (VMS) goes bankrupt during the time an agency owner’s invoice was factored.

If the hospital, nursing home or VMS goes out of business during the time an agency owner’s invoice was factored.

It’s important to keep in mind that non-recourse accounts receivable factoring does not cover the following situations:

• Very late payments when there is no insolvency
• Disputes/challenges with nurse staffing services
• General collections issues

Naturally, both options have pros and cons that an owner should consider before choosing which type of agreement to make. Typically, they will receive lower factoring fees and/or higher advance rates if they choose to enter into a recourse factoring relationship. On the other hand, a non-recourse accounts receivable factoring arrangement buys nurse staffing business owners’ protection if a hospital nursing home or VMS goes bankrupt. Ultimately, agency owners need to review their accounts receivable factoring contract in detail with a lawyer to determine which type of arrangement, recourse or non-recourse, is the best fit for their agency.

About the Author: Philip Cohen is the founder and president of PRN Funding, LLC, which is an extraordinarily focused niche player in the healthcare staffing invoice financing market place. Through a process known as factoring, PRN Funding provides business owners with the financial resources needed to grow and effectively compete in the industry. Contact Philip Cohen at toll-free 866.776.5407 or via email at pcohen@prnfunding.com. Please visit PRN Funding, LLC on the web at http://www.prnfunding.com.

Article Source: Ezine Articles – Recourse and Non-Recourse Nurse Staffing Accounts Receivable Factoring: What’s the Difference?

Accounts receivable factoring is available to a variety of industries including medical, construction, transportation, manufacturing, staffing, and other business to business services.  Factoring companies provide an advance on invoices so businesses don’t have to wait 30-60 days for payment from customers.

Invoice Factoring News – Transportation Factoring

There’s a long road ahead for transportation factoring.

Two industry developments have caused companies to navigate obstacles and detours placed in the path of freight bill financing. Read more

Accounts Receivable Factoring Examples

For some business owners accounts receivable factoring will provide solutions when all other avenues fail.

Of course the greatest area of concern is usually the factoring fees leading many to wonder,

“How much will it cost to use invoice factoring services?” Read more

How I Run My One Person Factoring Business

Have you wondered what it takes to run a small factoring operation by yourself or with just a family member?

What do you need for day-to-day operations in terms of equipment, technology, documentation, and know-how?

Factoring receivables can be a lucrative business with high returns, but you need to know how to manage the business with minimal overhead. Overseeing employees adds significant additional costs and responsibilities.

This informative ebook is written in the first-person by Jeff Callender, a well-respected small ticket factor who has been in the business since the mid-90s.

Jeff shows simply and clearly how he has run his company year after year with no employees.

Discover how his use of current technology, outsourcing, and common sense can enable you to manage a full portfolio of clients without the expense and complications of a big payroll.

Learn his numerous tips and secrets as to how you can not only enjoy running a very small factoring operation from practically anywhere, but thrive as you do!

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About the Author: Jeff Callender began doing what this book teaches in 1994. He has written books and numerous articles, consulted, and been a public speaker to thousands of people about how to profitably factor small receivables. No one comes close to providing as much information on the subject as he has.

About the Ebook: This book is delivered in PDF format via instant download upon completion of your order.  If you prefer a hard copy please feel free to print for your own use from your printer.

Table of Contents

1. Introduction: An Overview of What I Do 2. Training: How I Learned to Do This 3. Marketing: How I Keep a Steady Stream of Clients 4. My Clients: How Many I Have, What They Do, and My Services to Them 5. Tools: Equipment and Resources I Use That Save Time, Money, and Stress 6. Daily Tasks: My Enjoyable Normal Schedule 7. Key Points: Keep These in Mind as You Begin and Continue Your Factoring Business 8. Advice: My Secrets to Success

How Factoring Brokers Earn Fees

With numerous factoring courses and factoring books available online, many people wonder just how factoring brokers earn their fees.

While factoring commissions are paid in a variety or ways, there are some standards to start with. Read more

Advantages of Factoring

There are many factoring uses in today’s market for both small and large businesses. With cash flow a key to survival and growth, here are some factoring pros to keep in mind when comparing to traditional bank loans. Read more

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