When Do Factoring Companies Decline Invoice Financing?

Factoring companies have a well-earned reputation for providing cash flow solutions when banks say “No” to business financing. But there are times when even they turn down a request for factoring help.

Improve your chances for approval by keeping four qualifiers in mind when courting receivable financing: Read more

Small Business Financing: Where To Go When Banks Say No?

Lending to small business was down a whopping 12.5 billion or 4.6% for the 7 months ending in November.  That sobering news comes from the Treasury Department’s tracking of the 22 largest banks receiving bailout money.

Of course these stats are no surprise to business owners.  Rebuffed by banks, they increasingly turn to factoring and purchase order financing for cash flow needs. The New York Times recently Read more

Handling Customer Questions About Factoring Invoices

Many companies that start using factoring often have questions regarding their customers.

How will they be treated? What if they pay me directly? What do I tell them? Here are some common questions and helpful answers. Read more

Bank Factoring or a Factoring Company?

A common question among companies is whether they should pursue bank factoring or deal with a company that specializes in factoring when deciding to sell account receivables. Read more

Don’t Factor Your Receivables When.

Small business owners are no strangers to watching every dollar. When a customer is late to pay an invoice the business feels it.

This leaves many owners losing sleep and making Read more

Attention Business Owners! Stop Being a Part-Time Banker for Your Customers

How many customers take longer than 30 days to pay on their invoices?  Congratulations! Your business has just extended credit to your customers.

You may not have thought about it this way, but you are now in the banking business.  Even worse, you probably have the best rates in town. Read more

Five Strategies to Reduce Factoring Costs

When a business is strapped for cash they often turn to factoring accounts receivable as a financing solution.  Of course a factoring company expects to earn a profit on the cash advance and charges a fee for their service.

Since the overall goal is improved cash flow, a company considering accounts receivable financing will carefully weigh the benefits against the costs. Here are five ways a business can reduce Read more

How Can Small Business Turn to Factoring?

It seems wherever you turn it is difficult for the small business owner to get the same financial flexibility afforded larger companies.

More and more small businesses are realizing that the process of factoring is not out of their reach. Read more