Factoring provides cash to companies all across America, even when banks say no to business loans. Like all business deals, it pays to be prepared. Save time and money by understanding these 5 areas before … [Read more...]
Considering Accounts Receivable Financing? 5 Things to Know Before Applying for Factoring
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Factors and Asset Based Lenders Fill Bank Financing Void
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The results are in and the numbers show what many of us were already seeing, factoring and asset based lending are on the increase. Amazingly, factoring has experienced continued growth for the past 33 years in every year except 2001. Just take a quick look at these highlights … [Read more...]
What’s the Difference Between Factoring and Asset Based Lending?
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Companies in need of creative working capital solutions often consider both Asset Based Lending and Factoring. This leaves many businesses to wonder, "What's the difference? Is it really apples and oranges?" … [Read more...]
An Alternative to Factoring
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How can a business turn their account receivables to cash when they want to avoid factoring? Here is an alternative solution to consider when a company does not want to discount invoices or doesn't qualify for factoring. … [Read more...]
When Should a Business Use Factoring?
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Need to meet payroll? Are suppliers demanding payment? Has the bank reduced or pulled your credit line? These are just a few of the challenges facing businesses in today's economy. In fact over one third of banks surveyed by the Federal Reserve in April 2009 have reported a decline in credit line and credit card limits for businesses. … [Read more...]
What is Spot Factoring?
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Need a quick one-time infusion of cash for your company? Spot factoring just might be the answer. This business financing solution enables a company to receive an advance on a single outstanding invoice. … [Read more...]
Recourse and Non-recourse Factoring
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The big difference between recourse factoring versus non-recourse factoring is the party at risk for bad debt. Understanding this important distinction will help a business select the right financing terms when factoring invoices and accounts receivable. … [Read more...]
What is Freight Bill Factoring?
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There are many businesses that outlay cash in advance of getting paid. One of the most cash flow strapped businesses is the trucking industry. Even though freight companies usually operate with significant profit margins, they have a substantial amount of cash outlay to deliver goods. Expenses include truck repairs, fuel, and even rentals; and no amount of profit helps when you are still waiting to get paid. … [Read more...]
How to Select the Right Factor
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Ok, you are sold on selling some invoices, you see the benefits, but you are just not sure how to select the right factoring company. Here are 7 essential factors to consider and compare: … [Read more...]
Managing the Factoring Advance Rate
Many companies struggle over how to manage their factoring advance rate when in reality it is pretty basic. Let's say that you begin factoring in January. If you factor $100,000 in accounts receivable … [Read more...]