Woman and man holding laptops and looking at each other illustrate blog "You’ve probably heard the term “no-doc” business loan thrown around a lot these days. And even if you don’t know what a no-doc loan is exactly, you probably understand that it’s less complicated than a traditional loan. But does factoring fall within this category? Keep reading to find out."

Is Factoring a No-Doc Business Loan?

You’ve probably heard the term “no-doc” business loan thrown around a lot these days. And even if you don’t know what a no-doc loan is exactly, you probably understand that it’s less complicated than a traditional loan. But does factoring fall within this category? Keep reading to find out. What Is Factoring? Factoring refers to…

Woman looking at folder in officee illustrate blog "What Happens When a Company Factors its Receivables?"

What Happens When a Company Factors Its Receivables?

There are times when companies, particularly those that provide credit terms to clients, face challenges with cash flow. In such situations, factoring receivables is an excellent option, allowing businesses to receive funds for outstanding invoices before their due date. But what exactly happens during the process of factoring receivables? What is Receivables Factoring? Factoring receivables…

Woman sitting at desk looking at computer illustrates blog "Do Factoring Companies Check Your Credit?"

Do Factoring Companies Check Your Credit?

For businesses that struggle with slow-paying clients, factoring companies can be a great way to improve their cash flow. However, business owners often wonder if factoring companies check their credit scores. If you’re asking this too, then this blog is for you.  Do Factoring Companies Check Your Credit Score? Typically, factoring companies don’t check your…

Two men and a woman smiling and dressed casually illustrate blog "What Is a Factoring Company? "

What Is a Factoring Company? 

One of the biggest challenges business owners face is maintaining a consistent cash flow. Invoices can take weeks or even months to get paid, leading to financial difficulties even if your business is profitable. The good news is that a factoring company can help. Keep reading to learn more about what a factoring company is,…

Office workers looking at smartphone illustrate blog "4 Tips To Avoid Bad Debt"

4 Tips To Avoid Bad Debt

Regardless of the size of your business, bad debt can be a big problem. It can harm your financial status, credibility, and even your reputation. Luckily, there are some strategies any business can use to avoid bad debt.  1. Establish Clear Payment Conditions A written contract that outlines all the terms and conditions of the…