The Invoice Factoring Process in 5 Simple Steps

Posted by Gil Oliva on Wed, Mar 12, 2014 @ 08:05 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

Why Bay View Funding’s Choice of Charity Means so Much

Posted by Jesus McDonald on Fri, Mar 07, 2014 @ 07:52 AM

A Strong Team Pulls Together

 

Find out why raising money for the American Cancer Society means so much to the employees at the invoice factoring company Bay View Funding.

Glen Shu, President and CEO of Bay View Funding, strongly believes in a company work environment that encourages a feeling of community among his employees. A group of employees with no connection is less likely to pull together as a team to help make a difference. He was keen to find the right charitable cause that would also support his staff. Lynn Richard, AVP and Senior Account Executive, suggested the American Cancer Society because she has been involved in fundraising activities for cancer for several years. More importantly, Lynn is a cancer survivor herself. She was also aware of coworkers who had lost loved ones to cancer. Glen needed no convincing, and agreed that this should be a charity the company would support.

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Topics: About Invoice Factoring

Government Contractors – SBA Provides a Great Learning Opportunity!

Posted by Aaron Zahedani on Wed, Mar 05, 2014 @ 08:00 AM

Consider the fact that the federal government buys close to $100 billion worth of goods and services just from small businesses every year! It may be time to brush up on the skills required to win a contract from the federal government.

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Topics: Government Contract Financing, Financing Government Contractors

Warning! New IT Security Threat – Cryptorbit, a New Virus

Posted by Jesus McDonald on Fri, Feb 28, 2014 @ 08:05 AM

Do not risk exposing your company’s confidential data to security threats!

There are many articles written about IT security threats. We often choose to believe it will not happen to our business, until something catastrophic does occur, and then it can be too late! The risk of losing confidential data should be a strong enough incentive, but understandably we often trust the systems that are in place, and we assume our data is protected.

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Topics: About Invoice Factoring

Can Accounts Receivable Funding be Bad for Business?

Posted by Seth Herman on Wed, Feb 26, 2014 @ 08:06 AM

Warning! You are about to read a blog following a negative question! Can invoice factoring be bad for business? Read on.

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Topics: About Invoice Factoring, Factoring Accounts Receivable, Financing Government Contractors

Be the Best Temporary Staffing Agency – How Payroll Financing can help!

Posted by Gil Oliva on Fri, Feb 21, 2014 @ 07:55 AM

As a temporary staffing agency, you find the best people for the best positions – Concentrate on your exceptional skills, and allow us to help you with your working capital requirements!

Your temporary staff is your lifeblood, but connecting with the correct companies with which to do business is an absolutely imperative element to success. As a staffing organization, you are essentially providing an outsourced recruiting and screening service for many diverse industries, companies and for many different positions. The pressure is on!

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Topics: Payroll Funding for Staffing Companies, About Invoice Factoring, Financing Government Contractors

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

Posted by Gil Oliva on Wed, Feb 19, 2014 @ 08:21 AM

Considering invoice factoring? Worried about the implications if a customer does not pay? Allow us to help clarify the process.

Firstly, to put your mind at rest 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:

With these provisions in place, non-payment to your factor by your customer would be unlikely, but let’s still address the outcomes should your customer choose not to pay.

One of the main decisions is to determine the best factoring service for your company. This relates to the contract you sign when you decide to sell your invoices to a factor for fast cash flow.

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Topics: About Invoice Factoring

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