When a bank loan is an unobtainable financing option for a small business owner, he/she starts investigating alternative funding solutions. Two of the more frequently used alternative financing options are payroll funding and/or invoice factoring. At first glance, the two options may appear to be the same thing. Truth be told, there are many similarities between the two, but there are some core differences as well. … [Read more...]
What are the Differences Between Payroll Funding Companies and Invoice Factoring Firms?
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Factoring News: Sears Reaches Agreement with Factors
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The Wall Street Journal released some factoring news showing how working with Factors can help a company win big...even on Wall Street. NEW YORK (Dow Jones)--Sears Holdings Corp. (SHLD) shares soared Friday as the retailer was said to be making the rounds to reassure its financing partners that it has the wherewithal and the desire to meet its obligations. Shares were up 13% to $49.04 in recent afternoon trading, and have now gained 57% this month as positives from new financial plans with vendors mixed with talk the company could be taken over by its majority owner, Edward Lampert. A Lampert representative didn't immediately return a call for comment. The retailer on Friday was said to have talked with a number of its larger … [Read more...]
How Factoring Benefits Private Duty Care Agencies
Now more than ever, private duty care agencies and home healthcare companies need cash flow to sustain their operating expenses, such as … [Read more...]