Cash flow problems often occur at the early stages of business development or during periods of rapid growth. Cash flow especially becomes a problem in industries where it's typical for completed work to go unpaid for 30, 60, or even 90 days after issuing the invoice. Thus, when growing companies start experiencing growth pains, they first try to … [Read more...]
Why Temporary Nurse Staffing Companies Make Great Candidates For Factoring
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There are two instances when a temporary nurse staffing agency could encounter a bit of a cash flow crisis. The first is when the agency is just starting out, and the second is when it hits a period of rapid growth. To a bank looking at a loan application, neither situation is attractive. On the contrary, to some factors both of these situations might sound very appealing, and this article explains why. … [Read more...]
Medical Billing Companies Increase Cash Flow Through Factoring
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While the public's confidence on the economy continues to spiral downward, the demand for health care in this country continues to grow. According to the National Coalition on Health Care, the U.S. spent approximately 17% of its GDP in 2008 on health care costs. That percentage is expected to jump to 20% by 2017. … [Read more...]
Busting Healthcare Factoring Myths
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There are a lot of rumors that factoring is not an ideal payroll funding solution for healthcare staffing business owners and entrepreneurs. However, many of those rumors are a result of misinformation and poor staffing factoring research methods. This article will help debunk some of the more common factoring myths … [Read more...]
Accounts Receivable Factoring for Nurse Staffing Companies
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The cash flow gap is a common challenge to nurse staffing agencies. It can take months for the hospitals and nursing homes to pay invoices for staffing services yet the nursing staff needs paid every week or two. Factoring companies can help by providing small business funding to Nurse Staffing Agencies, but should they choose recourse or non recourse factoring? This article from guest author Philip Cohen of PRN Funding explains the difference. Recourse and Non-Recourse Nurse Staffing Accounts Receivable Factoring: What's the Difference? By: Philip Cohen What is nurse staffing recourse factoring? For the most part, recourse factoring is the most common and the most affordable nurse staffing financial help available to … [Read more...]
Accounts Receivable Factoring – An Alternative Funding Option For Small Businesses
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Because of their lack of financial sophistication and size, today's small businesses continue to face the hardships brought on by current economic challenges. Many firms struggle to maintain their bank credit facilities, and securing a new line of credit or increasing a company's current limit is nearly impossible. So if the lending wells have dried up, what's a small business owner to do? Capitalize on the benefits of accounts receivables factoring. … [Read more...]
The How To Guide – Allied Health Staffing Factoring
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The notion of selling allied health receivables to a factoring firm may sound like a difficult concept to understand, but in reality, nothing could be further from the truth. … [Read more...]
Freedom From Factoring Fees
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In an effort to combat the affects of the crumbling economy, service-oriented businesses have been getting creative with new ways to generate money. Unfortunately for consumers, that creativity often translates into price hikes, additional fees, reduced services or cut backs on productivity. But does it have to be that way? … [Read more...]
Investor Spotlight: Healthcare Factoring with PRN Funding!
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Factoring account receivables is helping health care companies through these tough economic conditions opening the door to earning opportunities for cash flow consultants. FactoringInvestor (FI) caught up with Phil Cohen, Founder and President of PRN Funding, LLC, to fill us in on the specialized niche of healthcare funding. … [Read more...]