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...]
Searching for Income? Factoring Makes Top Ten Jobs for 2009
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When Yahoo puts out its Hot Jobs list, people listen. As job prospects are expected to slow in 2009 people are urged to look into fields that are poised to excel. Yahoo Hot Jobs listed being a Factor as one of their Top 10 Professions for 2009. More and more businesses are seeking … [Read more...]
How to Be Sure Your Business is Paid!
I just received a large order from a local company - should I take it? This is what I call the 'ship and hope" syndrome. In other words, fulfill an order; ship the product and 'HOPE" to get paid. In today's economy, not knowing the credit (payment history) of your clients is a recipe for disaster. Unfortunately, I would estimate that over 90% of the businesses … [Read more...]
Cross Border Factoring – Look to the North to Expand Business
Why do business in Canada one might ask? You may or may not know that Canada is the second largest land mass country in the world with Russia being the first. However, the population in Canada is just over 30 million about the same as the state of California. … [Read more...]