Invoice Factoring - What Happens When Customers Don’t Pay?

Posted by Gil Oliva on Thu, Jan 16, 2020 @ 08:21 AM

Considering invoice factoring, but worried about the implications if a customer does not pay? Allow Bay View funding provide some clarification the process.

Firstly, to put your mind at ease before we go into details, an efficient invoice factoring company will thoroughly vet your customers for reliability to reduce the risks associated with non-payment. An invoice factoring company should always:

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Topics: About Invoice Factoring

3 Reasons Why Customers Appreciate Invoice Factoring

Posted by Gil Oliva on Wed, Dec 18, 2019 @ 08:13 AM

Companies from all different industries and of all sizes can benefit from using invoice factoring to grow their business.

Some business owners worry that using invoice factoring will hurt their relationships with customers; they assume that customers will think a business that uses invoice factoring isn’t doing well. However, in many cases, the opposite is true.

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Topics: Business Growth, Accounts Receivable Management, Cash Advance, Financial goals, Invoice factoring

Try the Bay View Funding Difference

Posted by Seth Herman on Tue, Dec 03, 2019 @ 08:02 AM


You put a lot into your company.

Blood. Sweat. Tears.

And more than a few sleepless nights, worrying about making ends meet.

You have decided that invoice factoring might be a good financial solution for your business. But every choice comes with challenges. So many different rates. And with so many factoring companies out there -

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Topics: Cash Flow, Business Growth, Cash Advance

Can My Business Receive Government Contract Financing?

Posted by Gil Oliva on Mon, Sep 16, 2019 @ 09:20 AM

Large government contracts can be a boon for your company, as they provide generous amounts of revenue. Unfortunately, government contract payments can be far from reliable. Since government contracts depend on collaboration between multiple governmental agencies, payment can take longer than with other kinds of businesses. Sluggish payment processes can disrupt cash flow and even jeopardize your own timely payments to employees, suppliers, vendors, or subcontractors. This is where the process of invoice factoring comes in. Learn if you can apply it to your government contract and how to use invoice factoring for your municipal clients.

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Topics: Factoring Accounts Receivable, Government Contract Financing, Business Financing, Invoice factoring

Top 3 Oil and Gas Industry Trends of 2019

Posted by Gil Oliva on Thu, Sep 05, 2019 @ 02:30 PM

Among the many impactful factors, the oil and gas industry is heavily dependent on the economic climate. As one of the leading indicators of global economy and relations, it is also one of the mostly closely watched and hotly debated. Knowing where the industry is headed can help businesses make informed decisions about an industry that is historically volatile and forever changing.

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Topics: Financing for the Oil and Gas industry, Invoice factoring

Reaching Millennials: A Staffing Guide

Posted by Gil Oliva on Mon, Jun 24, 2019 @ 10:47 AM

By 2020, almost half of all workers in the United States will be millennials, individuals born between 1980 and 2004. Millennials are distinct from other generations having grown up in the internet age, with information technology that was not available to previous generations shaping their unique interests and motivations. This means that strategies that worked for recruiting previous generations may no longer be as effective for securing the top talent. Staffing businesses that adapt to millennials’ needs are more likely to attract this team-oriented and tech-savvy group of candidates.

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Topics: Payroll Funding for Staffing Companies, Factoring Accounts Receivable, Staffing Industry, Invoice factoring

What Is the Cost of Invoice Factoring?

Posted by Gil Oliva on Wed, Jun 12, 2019 @ 11:28 AM

Invoice factoring provides businesses with quick cash they can use to invest in expansion or cover expenses. However, business owners often wonder if it’s the most cost-effective way to obtain funding. Here’s a breakdown of the process, a comparison of recourse and non-recourse factoring, and a look at factoring fees.

 

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Topics: About Invoice Factoring, Cash Flow management, Invoice Factoring Costs, Invoice factoring

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