Is your business in the process of considering invoice factoring as an effective solution to address cash flow concerns? You may have already submitted your application, and are wondering what happens next.
Is your business in the process of considering invoice factoring as an effective solution to address cash flow concerns? You may have already submitted your application, and are wondering what happens next.
Small business lending through the government’s biggest small business loan program reached the limit set by Congress in early July, but is headed for a restart thanks to House approval to increase the ceiling. The House approved a bill on Monday, July 27th with an amendment lifting the SBA’s lending cap from $18.75 billion to $23.5 billion for the 7(a) loan program.
We have discussed the importance of liquid assets, or cash reserves to cover operating expenses, in a cash flow crunch. However, what can you do when your business has excess cash reserves?
It is hard to turn down a client, or even decline future business because of a few late payments. However, many customers have no idea of the potential disruption they cause to your cash flow when they pay their bills late. What can you do to encourage on-time payment on your outstanding accounts receivable and turn your unpaid invoices into cash?
Topics: Cash Flow, About Invoice Factoring
Small businesses appear to be more reticent about borrowing money. Since the recession, they do not want to take on too much debt and risk the possibility of losing everything. However, loans are available, with the right help and guidance from the bank or other financial institutions.
Topics: About Invoice Factoring, Financing Government Contractors
Wondering what is best for your business? There are many options when it comes to seeking capital for the purpose of running and growing your business. When considering between a long-term business loan and line of credit, do you know which would work to your advantage? Most companies need money when starting, building their businesses, or when facing a short-term cash flow challenge.
Topics: Cash Flow, About Invoice Factoring, Business Loan
Firstly, you may not even know what invoice factoring is, let alone how this alternative source of commercial financing actually works. Bay View Funding has developed a new online guide, which is also available as a download, explaining the whole process from what it is, to how it can help your cash flow.
Topics: Cash Flow, About Invoice Factoring, Commercial Financing
