As everyone knows, one of the benefits of receivables factoring is that you don’t have to meet the strict requirements of bank loans. But how do you qualify for receivables factoring, exactly? Follow along to discover the answer. How Do You Qualify for Receivables Factoring? In order to qualify for receivables factoring, you just have…
In today’s blog post, we take a closer look at the ways factoring can help companies in the service industry. Keep reading to learn more! What Is the Service Industry? The term “service industry” refers to companies not involved in manufacturing whose business model is based on activities such as customer service, management, or consulting.…
A strong cash flow is one of the cornerstones of a successful small business. However, the cash flow of your small business is threatened by many different situations, some of which may even seem positive at first sight. Here’s what they are and how to deal with them. 1. Growing Too Fast Sure, growing your…
Everyone seems to be talking about inflation these days. But what is inflation, exactly, and what are its effects on your business? Can you use Factoring of Accounts Receivable to deal with the effects of inflation? Keep reading to discover the answers. What Is Inflation? How Does It Affect Your Business? Simply put, inflation is…
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…
Factoring of Accounts Receivable is a financing alternative widely used in the manufacturing and transportation industries. But is it a good option for the service industry? The positive experiences of many companies show that Factoring is indeed a solid financing option for the service industry, including: Providers of IT services Consultants Accountants Security providers Staffing…
In previous posts, we have reviewed the advantages that Factoring of Accounts Receivables offers to different industries. But what about the benefits of Factoring for wholesale and distribution companies? By giving these organizations quick access to cash, Factoring solves some of the most common headaches that owners of wholesale companies face day in and day…
While 2020 marked an unprecedented moment in history from almost every point of view, 2021 will come with its own set of challenges. This is how Factoring of Accounts Receivable can help small business owners navigate this new landscape. What Is Factoring of Accounts Receivable? Factoring your invoices means selling them to a company (called…
Factoring of Accounts Receivable is a financing option that gives your business the flexibility you need to reach your goals without the hurdles of other alternatives, such as bank loans. If you are considering Factoring for your organization, here are four tips you should keep in mind to make the most of it. 1. Make…
