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

Posted by Gil Oliva on Thu, Jan 16, 2020 @ 08:21 AM

Considering invoice factoring, but worried about the implications if a customer does not pay? Allow Bay View funding provide some clarification the process.

Firstly, to put your mind at ease 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. An invoice factoring company should always:

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Topics: About Invoice Factoring

What Is the Cost of Invoice Factoring?

Posted by Gil Oliva on Wed, Jun 12, 2019 @ 11:28 AM

Invoice factoring provides businesses with quick cash they can use to invest in expansion or cover expenses. However, business owners often wonder if it’s the most cost-effective way to obtain funding. Here’s a breakdown of the process, a comparison of recourse and non-recourse factoring, and a look at factoring fees.

 

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Topics: About Invoice Factoring, Cash Flow management, Invoice Factoring Costs, Invoice factoring

Recourse vs. Non-Recourse Factoring: Which is Right for Your Business?

Posted by Gil Oliva on Thu, Jan 25, 2018 @ 09:27 AM

 

All types of financing involve risk. In the field of invoice factoring, the risk is usually derived from insolvent customers. In invoice factoring contracts, either the factor or the client company assumes the risk of nonpayment. Understanding financial risk can help you choose the right type of factoring arrangement for your company’s needs.

 

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Topics: About Invoice Factoring, recourse and non-recourse factoring

How Invoice Factoring Helps Startups

Posted by Seth Herman on Thu, Jun 22, 2017 @ 10:01 AM

Startups can be some of the most innovative business ventures. Being innovative can also involve a lot of risk, and many startups suffer from time constraints, staffing to meet demands, and difficulty obtaining funding. Invoice factoring may be able to help with funding by optimizing cash flow without the long delay that generally follows the invoicing process. Using invoice factoring may help ensure that your startup won’t run out of funds, which could potentially halt operations and slow growth.

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Topics: About Invoice Factoring, Start up funding

How Invoice Factoring Can Increase Your Financial Flexibility

Posted by Gil Oliva on Mon, Apr 17, 2017 @ 08:10 AM

Business is full of unexpected surprises, some of them expensive. Invoice factoring can help you turn unpaid receivables into workable capital for your company. If you have unpaid invoices, it is unwise to let them sit for too long. The faster you can collect (or receive payment from) them, the less damaging the burden from surprise expenditures can be.

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Topics: Alternative Financing, Business Growth, About Invoice Factoring, Cash Advance, Cash Flow management

Invoice Factoring Vs. Invoice Financing

Posted by Seth Herman on Fri, Mar 31, 2017 @ 11:06 AM

If you’re a business owner, there are two easy ways to turn your unpaid customer invoices into cash – invoice factoring and invoice financing. While these two terms are closely related, there are some important differences that may confuse you if you’re not familiar with them.

What Is Invoice Factoring?

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Topics: Alternative Financing, About Invoice Factoring

Should I Consider Invoice Factoring?

Posted by Gil Oliva on Thu, Apr 21, 2016 @ 02:08 PM

The economy is showing signs of improvement. Your business is growing. Happy customers send more customers to your door. Business can boom with more infrastructure. You want to stay competitive and flexible in the marketplace. Those happy customers will pay you. But that may take 30, 60, or up to 90 days. Yes, the money will come in…but you could sure use it NOW. Your employees deserve to be paid on time…and so do you!

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Topics: About Invoice Factoring, Invoice factoring, what is invoice factoring?

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