Funding Invoices With Fundbox

Invoice funding is not always factoring. We were reminded of this in February when we highlighted a case study on social media marketing in the article Is Invoice Factoring Becoming Mainstream?  We were intrigued by the company with an innovative marketing approach and decided to dig deeper in this interview with Tomer Michaeli, VP of Business Development at Fundbox. A NY-based technology company, Fundbox is helping small businesses, freelancers and home offices grow by overcoming short term cash flow gaps. They also accept referrals from factoring brokers and are a new addition to the 2014 Directory. Is Fundbox a factoring company? Tomer Michaeli: No, Fundbox is a technology company that offers business owners and freelancers a … [Read more...]

How to Finance a Demolition Company With Construction Factoring

Getting financing for a company in the construction industry is very difficult. In general, lending institutions are not comfortable providing business financing to small or midsized construction subcontractors. Demolition companies often have additional problems getting funded because many institutional lenders view them as riskier - due to the perception that they are often the first ones to do work on a site, but the last ones to get paid. The biggest cash flow problem Demolition companies, like most subcontractors, don’t get paid as soon as they complete their work. Rather, their contracts demand that the provide payment terms to the general contractor. These terms often give the GC up to 60 days to pay. Many general contractors, who … [Read more...]

IRS Issues Do Not Kill All Factoring Transactions

Factors rely on the accounts receivable for collateral against their funding activities. That is a non-negotiable item for most of us and will NEVER be compromised. So, what does that mean? Very clearly, the receivables must be free of any lien, levy, or claim by any financial institution, court or individual resulting in the factor’s not being able to … [Read more...]

3 Business Factoring Benefits To Grow Your Bottom Line

Although there are many benefits to business factoring over getting a line of credit, consider these… 3 Ways Invoice Financing Can Help Your Business Factoring Benefit #1 - Take On The Slow Payers What?!? Purposely take on accounts that have slow payers? That is right… … [Read more...]

Factoring: Colbert Report Video Reveals Need for Invoice Financing

What’s ailing small business in this recovery? Why aren’t they hiring more people? One major reason…big business is using small business as their banks! The big guys are showing solid returns yet purposely taking longer and longer to pay the invoices owed to small business owners. … [Read more...]

Five Potential Barriers to Successful Accounts Receivable Factoring

Accounts receivable factoring is a simple and quick method for temp nurse staffing agencies, medical transcription services and medical coding companies to access working capital. However, certain requirements must be satisfied to take full advantage of … [Read more...]

When Do Factoring Companies Decline Invoice Financing?

Factoring companies have a well-earned reputation for providing cash flow solutions when banks say “No” to business financing. But there are times when even they turn down a request for factoring help. Improve your chances for approval by keeping four qualifiers in mind when courting receivable financing: … [Read more...]