Gil Oliva

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Get your Cash Flowing – Installment Contract Financing

Posted by Gil Oliva on Wed, Jun 04, 2014 @ 07:51 AM

Cash flow should be simple, and there are many ways to go about finding a viable answer to your cash flow needs. We have discussed the many benefits of invoice factoring. Let’s take a look at another option that focuses on a specific financing requirement.

Have you heard of installment contract financing? It is a way of providing your customers with more options for payment so you can increase sales. If you can offer customers more ways to pay, chances are they are more likely to choose you as their business partner. Convenient monthly payment plans mean an easier way for your customers to pay, which leads to increased revenue for you, but how does this work?

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Topics: Alternative Financing, Cash Flow Solution, How to Grow Your Business, About Invoice Factoring

Collection Agencies and Invoice Factoring Companies are not the same

Posted by Gil Oliva on Fri, May 30, 2014 @ 08:00 AM

Collection Agencies are not Invoice Factoring Companies but the Rules of Engagement are Equally Important.

It is often assumed that invoice factoring companies and collection agencies have a similar role. The fact is they really don’t. Factors collect money now on accounts receivables due in the future; collections agencies collect money now on accounts receivables that have gone into collection because, for whatever reason, your customer has not paid. However, there are some similar considerations, such as reliability, credibility and experience, when it comes to picking a factor or an agency to use for collections.

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Topics: About Invoice Factoring, Financing Government Contractors

When Should you Consider Switching Your Invoice Factoring Service?

Posted by Gil Oliva on Fri, May 23, 2014 @ 08:00 AM

Factoring in the Change

Bay View Funding was obviously more than happy to help an oil pipeline contractor who was dissatisfied with the service his company was receiving from their existing accounts receivable financing company. But what prompted the need for change?

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Topics: Financing for the Oil and Gas industry, About Invoice Factoring, Financing Government Contractors

Three Ongoing Business Challenges for 2014

Posted by Gil Oliva on Wed, May 21, 2014 @ 07:52 AM

As we near the halfway point of 2014, it is a good time to take a look at some of the big challenges small businesses continue to face.

In an article addressing key issues small businesses will face in 2014, Angus Loten and Sarah E Needleman look at three big challenges for 2014 and beyond. In summary, they discuss the following:

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Topics: Cash Flow Solution, About Invoice Factoring

Bay View Funding Funds 3 High Growth Companies in Southern Region

Posted by Gil Oliva on Fri, May 02, 2014 @ 07:58 AM

Bay View Funding has helped 3 high growth companies, specializing in distribution, janitorial services, and oil field servicing, with their working capital challenges.

Accounts receivable funding continues to provide an excellent answer for companies who simply cannot obtain traditional forms of financing. Proving also, that there are many occasions when collaboration with the bank really can provide a successful outcome.

Liz Castillo, VP, and Regional Sales Manager, for Bay View Funding in the Southern Region, has had an exceptional month, funding in the wholesale, healthcare and oil field markets. Castillo commented that ‘Bay View Funding is in an excellent position to help specialist markets with invoice factoring, where traditional forms of financing have simply not been a viable option. Happily, on many occasions, we are able to work closely, and reciprocate business, with banks to find the right answer for each challenge”

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Topics: Cash Flow Solution, Financing for the Oil and Gas industry, Financing Government Contractors, Distribution Financing

How Bright is the Economic Future for Small Businesses?

Posted by Gil Oliva on Wed, Apr 30, 2014 @ 07:53 AM

We are happy to report that further to recent findings from NFIB.Com, the Small Business Optimism Index is up! This is an indication the economy is slowly moving forward. At least this is what we would like to think – or is the economic rollercoaster still in full swing?

The April 2014 report, which is a reflection of the opinions of business owners/members of NFIB, indicates that after February’s decline, confidence is up in March. “Overall, the March gain more or less reversed the February decline, while the Index still can’t seem to get above 95, we can be encouraged that the economy is at least crawling forward and not heading in reverse,” said NFIB chief economist William Dunkelberg. What is the improvement down to? In part real sales gains (50%), inventory satisfaction and inventory investment plans.

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Topics: Alternative Financing, About Invoice Factoring, Financing Government Contractors, Small business financing

Why Did I not Qualify to Factor my Accounts Receivable?

Posted by Gil Oliva on Fri, Apr 25, 2014 @ 08:00 AM

There are times when a company will contact a factor believing they are in great shape to finance their accounts receivable, in other words, to use their invoices to generate cash flow. One of the first phases in the factoring process is to establish a viable relationship. Sometimes the answer is not what the company wants to hear.

This begs the question, Why am I unable to factor my invoices? There is a general misconception that invoice factoring is easily obtained and it is simple to qualify when a cash flow crisis arises, but not in every circumstance. Why should the answer be no?

While, generally speaking, it can be easier to obtain invoice factoring than it is to establish a loan or line of credit at the bank, the factor will still be looking to make sure your company finances are in good shape.

As part of the invoice factoring process, the factor will initially establish your financial objectives. Obviously you are looking to alleviate cash flow issues but the factor will want to determine exactly why. This is where the initial paperwork comes into play.

There are many articles written about invoice factoring being an excellent choice if your company credit history is less than perfect. While it is true that the factor looks at your customer’s credit rather than your own, this is not the only part of the equation.

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Topics: Factoring Receivables, About Invoice Factoring, Financing Government Contractors

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