Is Invoice Factoring Possible with Bad Credit?

Posted by Aaron Zahedani on Fri, Feb 19, 2021 @ 09:00 AM

Don't let bad credit hold you back from your success

There are times when you may be experiencing a cash flow crunch, or have little or no credit history and you believe traditional forms of finance may just not be an option. During these times you may also worry that invoice factoring companies will also turn you down because of some form of poor credit history.

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Topics: Alternative Financing, About Invoice Factoring

The Invoice Factoring Process in 5 Simple Steps

Posted by Gil Oliva on Sun, Feb 07, 2021 @ 10:02 AM

From Initial Contact to Commitment – Invoice Factoring in 5 Simple Steps

The invoice factoring promise of an injection of money now for invoices due to be paid by your customer later could be just what your company needs to succeed. However, rather like applying for a mortgage, or filling out your tax return, the process may initially seem intimidating.

Any application that involves filling out paperwork, and a request for detailed documentation, certainly requires a level of commitment. Once you have investigated invoice factoring as an option, consider the complete invoice factoring cycle to help you decide if factoring really would be a great fit for your company.

The steps are simple, but it pays to be prepared:

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Topics: How to Grow Your Business, About Invoice Factoring, Financing Government Contractors

The Move Toward Sustainability in Business

Posted by Gil Oliva on Mon, Jan 04, 2021 @ 11:15 AM

The trend toward environmental sustainability grows stronger every year, as more businesses recognize the value of going green. Unfortunately, the upfront costs of retrofits, new builds, and equipment purchases can often prevent businesses from making the switch to sustainability. To bridge the gap between cost and benefit, many companies turn to invoice factoring. Here are some of the benefits of sustainability investments and the reasons to use invoice factoring to secure capital.

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Topics: Business Financing, Trends

How Your Invoice Factoring Company Determines Clients

Posted by Gil Oliva on Thu, Dec 10, 2020 @ 09:00 AM

If your business has a less-than-perfect credit rating, or your company is having difficulty obtaining investments or a loan, invoice factoring can be an extremely beneficial funding alternative. Invoice factoring companies base their decision on more than the business credit score when deciding who to work with.

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Topics: Alternative Financing, Invoice factoring

Why Invoice Factoring Companies Request Tax Documents

Posted by Seth Herman on Mon, Nov 23, 2020 @ 10:00 AM

When a business signs up with a factoring company, the factor may ask the client to sign a Tax Information Authorization or Form 8821, a form that gives the factoring company access to tax information for the years listed in the authorization. This often surprises businesses. With invoice factoring, a form of financing that relies more heavily on the creditworthiness of customers, it can be shocking to find out that your business needs to provides tax documents.

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Topics: Tax lien, Business Financing

How to Obtain a Government Contract for your Transportation Company

Posted by Aaron Zahedani on Wed, Oct 14, 2020 @ 08:00 AM

There are many benefits to working with the federal government, such as guaranteed payment and no shortage of work, but it is not always easy to get started. So how should your trucking company go about obtaining government contracts?

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Topics: Cash Flow Solution, Government Contract Financing, Transportation Factoring

Invoice Factoring: Dependable Financing in Unpredictable Circumstances

Posted by Gil Oliva on Mon, Sep 21, 2020 @ 08:00 AM

Imagine this: You notice the ocean swell and churn as wave frequency, wind speeds, and rainfall steadily increase. The meteorological forecast is calling for a storm. Over the next couple of days, you prepare for the worst by boarding up windows, stocking up on food, and finalizing a potential evacuation plan. There might be a terrible storm, but it could just as easily blow over. What matters is whether you are prepared.

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Topics: Alternative Financing, Working Capital, Business Financing

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