In this economy, many service-oriented small businesses are struggling to obtain cash on two fronts - (1) Acquiring or extending a line of credit and (2) Getting their customers to pay in a timely manner. Outsourced medical billing providers are just one type of business that is being affected by the "double credit crunch." On the one hand, banks have … [Read more...]
Archives for 2011
Is Groupon Marketing, Factoring, or Loan Sharking?
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How Groupon makes Factoring Invoices look downright cheap for small business financing. … [Read more...]
Factoring: Is It Always About the Account Debtor?
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We all know that factoring has been around for ages and due to the recent changes in the economy its popularity has increased dramatically. With financial institutions constricting credit to businesses, the increased demand for cash flow has created an opportunity for the asset based lending industry especially for … [Read more...]
Credit Squeeze Keeps Factoring Companies Busy
A small business owner who is trying to grow his/her business during a booming economy will hit some speed bumps when applying for traditional financing if he/she cannot show an extensive profitable operating history. Throw in the current economic climate, and the chance of an entrepreneur obtaining a conventional bank loan is slim to none. When loans are no longer an option, business owners have to find … [Read more...]
3 Business Factoring Benefits To Grow Your Bottom Line
Although there are many benefits to business factoring over getting a line of credit, consider these… 3 Ways Invoice Financing Can Help Your Business Factoring Benefit #1 - Take On The Slow Payers What?!? Purposely take on accounts that have slow payers? That is right… … [Read more...]
Comparing Factoring Companies
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Whether you are looking to sell invoices you own or you have a client that is considering factoring, choosing the right Factoring Company to fund your deals can be challenging. Here are key items to consider when... … [Read more...]
What is Accounts Receivable Factoring?
Cash flow problems often occur at the early stages of business development or during periods of rapid growth. Cash flow especially becomes a problem in industries where it's typical for completed work to go unpaid for 30, 60, or even 90 days after issuing the invoice. Thus, when growing companies start experiencing growth pains, they first try to … [Read more...]
Invoice Factoring News
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Weren't able to make it out to Washington DC this month for the Invoice Factoring Conference? You can still get all the great factoring news and training from the event. The International Factoring Association has now made audio CDs and handouts available for purchase from their 2011 Factoring Conference at a reasonable $100 price point. Head on over to the IFA website to check out the great information. … [Read more...]
Factoring: Colbert Report Video Reveals Need for Invoice Financing
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What’s ailing small business in this recovery? Why aren’t they hiring more people? One major reason…big business is using small business as their banks! The big guys are showing solid returns yet purposely taking longer and longer to pay the invoices owed to small business owners. … [Read more...]
Why Temporary Nurse Staffing Companies Make Great Candidates For Factoring
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There are two instances when a temporary nurse staffing agency could encounter a bit of a cash flow crisis. The first is when the agency is just starting out, and the second is when it hits a period of rapid growth. To a bank looking at a loan application, neither situation is attractive. On the contrary, to some factors both of these situations might sound very appealing, and this article explains why. … [Read more...]