I recently spoke again with Andrew Aquino, Executive Vice President of Bay View Funding about invoice factoring, and how it compares to traditional bank loans or lines of credit, and some of the newer forms of financing on the market today.
Posted by Gil Oliva on Fri, Aug 08, 2014 @ 08:00 AM
I recently spoke again with Andrew Aquino, Executive Vice President of Bay View Funding about invoice factoring, and how it compares to traditional bank loans or lines of credit, and some of the newer forms of financing on the market today.
Topics: About Invoice Factoring, Financing Government Contractors, Merchant Card Advance
Posted by Gil Oliva on Fri, Aug 01, 2014 @ 08:30 AM
I had the pleasure of talking with Andrew Aquino, Executive Vice President of Bay View Funding, about the process of invoice factoring. He was able to explain how easy the process really is.
Andrew talked with me about what is involved in getting set up as a client with Bay View Funding. He explained that basically they extend financing to businesses that provide goods or services to other businesses. Invoice factoring is a business-to-business transaction providing financing based on the underlying accounts receivable. If you have a business selling a product or service to another business and that business is creditworthy, then Bay View Funding could, for the most part, provide financing to your company.
I wanted to fully understand the process of getting set up. Andrew was able to tell me that the process is really simple – “If we can contract with you and work with your customers, we can provide financing.”
Topics: About Invoice Factoring, Financing Government Contractors
Posted by Gil Oliva on Wed, Jul 30, 2014 @ 08:00 AM
We have established in previous blogs that many industries are already benefitting from the advance funding generated by invoice factoring. Recently, Gil Oliva, Factoring Consultant at Bay View Funding, funded three transactions. Bay View Funding has the expertise to quickly and efficiently help many different types of business, and also enjoys strong relationships with Commercial Bankers and Brokers, finding solutions that successfully address specific financial challenges. The specific transactions involved:
Topics: Financing Government Contractors
Posted by Gil Oliva on Wed, Jul 23, 2014 @ 09:14 AM
Do you have enough working capital on hand to pay your bills, and your staff on time? If you are cash flow challenged, have a healthy amount of outstanding invoices, and want to grow your temporary staffing agency, read on.
Topics: About Invoice Factoring, Financing Government Contractors, Payroll Advance Program for Staffing Agencies, Temporary Staffing Agency Financing
Posted by Gil Oliva on Fri, Jul 11, 2014 @ 08:00 AM
While freight bill factoring is a great way to receive immediate cash flow for work completed, the fuel advance program allows you to pay for much needed fuel while on the road, prior to completion of work. This is particularly useful if you are a small to medium trucking company with a cash flow shortage.
Topics: Cash Flow Solution, Fuel Cards for Trucking Companies, Freight Factoring for Trucking Companies, Fuel Advance Factoring for Trucking Companies
Posted by Gil Oliva on Wed, Jul 09, 2014 @ 08:07 AM
Invoice factoring is a form of working capital financing for businesses. The simple process provides quick and efficient accounts receivable financing. Rather than waiting for invoices to be paid tomorrow, a factor will purchase them today, giving you instant access to your working capital.
This useful form of financing is clearly explained on the Bay View Funding website, and in our blog many times, in many different ways, but now we have added a fun and informative video and short process guide just to make the message as clear as possible.
The collateral is designed to help the many different types of businesses clearly understand the value of accounts receivable financing. Despite the fact that there are a growing number of alternative forms of financing, invoice factoring continues to be the perfect answer to meeting working capital needs if you have a healthy number of accounts receivables waiting to be paid.
Topics: About Invoice Factoring, Financing Government Contractors
Posted by Gil Oliva on Wed, Jun 25, 2014 @ 07:10 AM
Invoice factoring is a great financial resource for businesses providing services, or delivering products to commercial accounts, in just about any industry.
Topics: About Invoice Factoring, Financing Government Contractors
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