OnDeck. Rapid Advance. BlueVine. You can hardly turn on a television or radio or conduct an Internet search for factoring without these and other cash flow lending sites popping up. Alternative lending has become a highly publicized and, dare we say it, popular funding option for businesses to pursue. Great, you say. Why should I care? Over the last two months we covered a variety of situations that make a traditional factoring arrangement difficult, if not impossible, to close. Cash flow lenders can fund those deals that factoring companies are unable or unwilling to touch, adding another arrow to your quiver of resources to benefit your prospects. Alternative lenders can work with nearly any deal, including small medical deals; … [Read more...]
5 Business Cash Flow Resolutions for 2014
January offers the first opportunity for businesses to evaluate their performance during the busy holiday season and, for many, to consider and commit to a plan for the coming year. Unfortunately, if cash flow is tight during this critical time then it can set a business up for failure. Whether you believe in making resolutions or are afraid of breaking them, we have five business cash flow resolutions that companies can use to eliminate (or greatly reduce) their cash flow concerns. Resolution #1: Control your outward cash flow Are you overpaying for services or, worse, paying for services you don’t even need? As service contracts come up for renewal, look carefully at your expenses and decide if you are getting the best value for your … [Read more...]
Cash Flow Investor Spotlight: Monterey’s Consumer Finance Program
The cash flow business depends on Monterey Financial for the purchase of retail installment contracts. Factoring Investor (FI) caught up with Gina Frame, Assistant Manager Sales & Marketing, to fill us in on how Monterey is helping businesses and cash flow brokers turn receivables into cash. … [Read more...]
Factoring Taps Into The Social Media Revolution
When it comes to Marketing there are many theories. With so many strategies what should you do to attract Factoring prospects? To receive your answer, you must learn to observe the way people are communicating with each other in 2K10. … [Read more...]
Factoring Demand Increases as Big Business Takes Longer to Pay
Dealing with cash flow strain in a struggling economy, big business is taking longer to pay on invoices. The average time to pay bills is up 5% to 55.8 days for companies with sales over $5 billion, as reported by the Wall Street Journal in Big Firms Are Quick to Collect, Slow to Pay. … [Read more...]