Bay View Funding Blog

How well are you managing your distribution process, and what about finances? 

So you want to use invoice factoring to finance your business but are concerned about letting your customers know? Customer relationships are extremely important. The main concern is that if you are not handling your own accounts receivable, there is a chance that things could go wrong, and your customers will be unhappy. 

Employees expect to be paid on time, no matter what cash flow hardships their company may be facing. Each employee has his or her own financial obligations, and waiting patiently while you figure out where the money is coming from may well be the catalyst for disgruntled employees to either not be motivated to complete tasks, or to search for a new position elsewhere. 

Do you have enough working capital to make the necessary investments to grow and expand? Understanding the strength of your business finances helps to assess your financial situation both now and in the future. 

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.  

Incorporating today’s digital technologies can sometimes be a challenge when your company is concerned with the day-to-day responsibilities of simply running a business. Generally, businesses are aware of major digital trends, but may be slow to incorporate them. Many of these trends cannot be ignored, as they will ultimately give your competition the opportunity to gain market share. 

How easy is it to qualify for small business government grants? Since government grants are funded by tax dollars, they require very stringent compliance and reporting measures. This means qualifying is not a simple undertaking.