Last year small business lending was slashed by over $13 billion dollars and this trend is poised to continue. Join us Tuesday, March 23rd at 2 pm or 9pm EST to discover how to profit with alternative financing. … [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...]
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...]
What is Non-Notification Factoring?
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When a factor makes an advance to a business on invoices or accounts receivable they want to be certain payment is received from the account debtor. Whether or not the account debtor is notified of the assignment differentiates between notification factoring and non-notification factoring. With Notification Factoring the account debtors are notified the invoices were purchased and are requested to make payment directly to the factoring company. In the case of Non-Notification Factoring the account debtors are not notified the business sold and assigned the receivables. Also known as confidential factoring, the invoices are generally paid to a lock-box. Factoring is primarily handled on a notification basis. In fact about 82% of … [Read more...]
Free Webinar For Business Owners
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*****Webinar Completed...stay tuned for another!**** Free Webinar - "Creating Positive Cash Flow - When the Bank says No!" When: January 29, 9:00pm - 10:00pm (EST) Two words: Cash Flow. In these economic times it is not only survival of the fittest, it is also survival of the smartest. Cash Flow is your lifeblood. It can be the difference of making payroll or even keeping the lights on; and your bank may not be much help in 2009. Fortunately there are realistic alternatives … [Read more...]