As its name implies, bad debt is a big no-no for a company. But how to shield your organization from this type of debt? Non-Recourse Factoring is one of the most effective tools available to business owners. What Is Non-Recourse Factoring? As you probably know already, Factoring means selling your unpaid invoices to a company…
Receivables Factoring is a financing solution–you probably know that. But is it a short-term or a long-term solution? Today we give you the lowdown on the best ways to use Factoring for your business. Is Factoring a Short-Term or Long-Term Solution? Let’s begin by answering the question in the title: is Factoring of accounts receivable…
Your cash flow is what keeps your small business moving forward. That’s why you should always keep an eye on it and ensure to avoid these four common cash flow mistakes small business owners tend to make. Give in to Impulse Spending Anyone who has ever started a business knows that getting your own venture…
No doubt, getting cash is one of the most significant challenges that new businesses face. If you are dealing with this problem and have been wondering whether using Invoice Factoring for new businesses is a good idea, we have some answers for you. With Factoring You Don’t Need an Extensive Credit History The lack of…
With financing alternatives, it all comes down to a simple question: Why use them? If you are considering Invoice Factoring for your business, here are four solid reasons why you should take the plunge. Get the Cash You Need You know what it’s like: extending credit terms to your customers usually means waiting 30 to…
As a small business owner, growing your business is probably at the top of your list of priorities. And while this can be a challenge, having the right tools can make things a lot easier. Factoring of Accounts Receivable helps you grow your business by allowing you to overcome cash shortfalls and by increasing the…
We live in the disinformation age, so it’s no wonder that there are myths swirling around all types of topics, including Factoring of Accounts Receivable. Luckily, this problem is easy to solve: Come with us as we debunk three common myths about Factoring. Myth 1: Factoring Is Difficult This is probably the biggest myth about…
Partnering with the right company determines your success in implementing Factoring as an effective financing solution. From customer service to the different types of Factoring, here’s what you have to look for in a Factoring company. Flexibility One of the main reasons why companies use Factoring is because it offers them greater flexibility. However, working…
Some states are taking steps to reactivate their economies, allowing many businesses to resume activities. If you are among the small business owners getting ready for reopening, consider the following four aspects to make sure the process is as straightforward as possible. Your Staff If you had to lay off or furlough employees, determine the…
Under the current, unprecedented circumstances being efficient is more important than ever for small businesses. Being efficient means getting more done in less time. Time is money: If you have more time, you can do more business, increasing your revenue. The following four strategies are simple changes you can make today to make your small…
