Earning $50,000 - $250,000 per year? Full-Time, Part-Time, or even Spare Time! Today's Credit Crisis can be Your Opportunity for Wealth! To say times are tough would be … [Read more...]
Medical Coding Factoring Terms
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When a medical coding service is considering selling their receivables to a factoring firm, it's important to familiarize themselves with some common factoring terminology. This is a quick reference guide outlining some of the more commonly-used factoring terms to help medical coding business owners navigate seamlessly throughout the entire factoring process. ACH (Automatic Clearing House) - One method factoring companies use to electronically transfer funds into an Account Creditor's account. When an ACH is initiated, the funds are made available electronically in the Account Creditor's account on the next business day. Account Creditor - You, the client and provider of medical coding services. Accounts Receivable - The money … [Read more...]
Top 5 Factoring Articles for 2009
The results are in and our readers have spoken! Here are the 5 most read factoring articles for 2009. Make sure to review these timely topics as you make plans for your accounts receivable financing business in 2010. … [Read more...]
Why Yahoo Hot Jobs Names Factoring Broker as a Top 10 Profession for 2009!
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A Factor you say! A what? Didn't you study those in algebra? While this career is fairly foreign to most folks, it is quickly becoming a very "Hot" opportunity, since bank loans are hard to come by. … [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...]
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...]
Considering Accounts Receivable Financing? 5 Things to Know Before Applying for Factoring
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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...]
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
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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 or offset the cost of factoring and still improve cash flow: … [Read more...]
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...]