There are times when you may be experiencing a cash flow crunch, or have little or no credit history and you believe traditional forms of finance may just not be an option. During these times you may also worry that invoice factoring companies will also turn you down because of some form of poor credit history.
If your business has a less-than-perfect credit rating, or your company is having difficulty obtaining investments or a loan, invoice factoring can be an extremely beneficial funding alternative. Invoice factoring companies base their decision on more than the business credit score when deciding who to work with.
Topics: Alternative Financing, Invoice factoring
Imagine this: You notice the ocean swell and churn as wave frequency, wind speeds, and rainfall steadily increase. The meteorological forecast is calling for a storm. Over the next couple of days, you prepare for the worst by boarding up windows, stocking up on food, and finalizing a potential evacuation plan. There might be a terrible storm, but it could just as easily blow over. What matters is whether you are prepared.
Topics: Alternative Financing, Working Capital, Business Financing
Invoice factoring can save the day when a company with outstanding accounts receivable needs cash flow to grow the business. Many industries commonly use invoice factoring to make prompt payments or commit to new projects before clients have paid outstanding invoices. Read more to find out which industries utilize invoice factoring for business growth.
Topics: Alternative Financing, Manufacturing and Distribution Financing, Business Growth, Business Finance Solutions, Wholesale financing, Trucking Industry
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.
Topics: Alternative Financing, Business Growth, About Invoice Factoring, Cash Advance, Cash Flow management
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?
When you are ready to expand your business or need help resolving cash flow issues, invoice factoring may be your best option. Upon deciding to use invoice factoring, the next crucial element is determining which company will work best for your business. The factoring company you choose will impact the entire experience you have with the service, from the application process to customer support. Here are some tips on how to choose the right factoring company.
Topics: Alternative Financing, The Benefits of Invoice Factoring, Invoice Factoring Costs, Invoice factoring
