Bay View Funding Blog

Cash flow can sometimes be a challenge for any business. This is especially true when your customers pay for goods and services 30 – 60 days after receiving them. Invoice factoring offers your business the opportunity to turn outstanding invoices into cash. 

Factoring your accounts receivable is a valuable financial tool for companies that have experienced difficulty obtaining traditional funding and have reliable but slow paying accounts. It helps if the invoices are for substantial amounts, rather than many invoices for smaller amounts. There are always exceptions to the rule, but this should help establish whether invoice factoring may be the right choice for your company.  

More and more women are entering the workforce in a variety of roles; some are starting their own businesses, while others are looking for support and encouragement as they climb the company ladder. There are many resources, from financial advice to mentoring programs available to help women succeed in business. 

A sudden spike in demand sounds like a good problem, but does your business have the ability to increase production quickly? What is the most effective way to encourage your workforce so you can ramp up production when you need to? 

We tend to rely upon our smartphones for information, turning to them in a second to look up events, read the news and communicate with each other. Trucking companies want to manage productivity, while also helping their drivers on the road. There are many useful apps for both fleet operators and their drivers. 

As your business grows and becomes more successful, you may encounter some common commercial finance challenges that are regularly faced by every company. Did you know that some of these challenges could be solved more easily than you think? Often, companies face one or more of the following situations: 

Obtaining business financing may seem like hard work, especially when there are so many other aspects of business management to think about. With any type of loan or line of credit, there is obviously a process in place, but there are some myths out there when it comes to applying and qualifying, and also what types of financing are available. Consider a few myths that may prohibit businesses from applying for financing. 

There are many resources to help explain the process of invoice factoring. Here are our answers to three frequently asked questions.