Have you considered applying for a grant? Do you understand the options available to your specific industry or where to look? 

The plethora of possibility in terms of loans, grants and alternative financing can be totally overwhelming when looking for options to increase cash flow. Every circumstance calls for a different set of parameters to help you decide which is right for you. 

A business loan may be extremely effective for your business, but remember there are many steps involved. Many new and small business loans require much of the information listed below: 

Do Fortune 500 companies really factor their invoices? Believe it or not, factoring is an excellent tool used by all sizes of companies to increase cash flow without increasing debt burden.

Has business for your trucking company started to pick up? As the economy slowly begins to recover, so does the need to transport goods, but you still may be frustrated by slow payment on your accounts receivable. A steady cash flow is often difficult in any given market sector, but there are specific challenges when it comes to the trucking industry. It is necessary to provide the best terms to secure a contract in this incredibly competitive business, but this often means payment is slow. Do you rely solely on invoice payment from your clients to survive?  

Making Deals on a Handshake is Risky

In the excitement of landing a new account do you always remember to sign a contract with your customer? Every business requires a clear set of terms succinctly laid out prior to providing any type of product or service. We are not just talking about paving the foundation for prompt payment here, we are referring to the complete sales and deliverable process.  

Wrangling for prompt payments?

Do you find some of your larger customers are simply indifferent to your constant requests for on-time payment? It may also be hard to collect from your smaller customers, but generally the process is simpler and it is much easier to engage in a one on one dialogue with a smaller accounts payable department.

Wearing too many hats? Can you shed a few?
Factoring Companies Can Help You...

As a business owner, how many hats do you wear? Is it possible that you are trying to do too much to keep your business running successfully? How successful can we really be by constantly multitasking?

Invoice Factoring Companies - Navigating the decision process 

So you want to factor your accounts receivable.  You are actively looking for a reliable invoice factoring company to use, but are not sure exactly what questions you should be asking. The concept behind factoring your invoices seems simple enough, but not all factoring companies are the same.