Bay View Funding Blog

According to Google Trends (see graph below), one of the hot trends in American business today is invoice factoring.

You see it online; even hear about it on television and the radio. But would it surprise you to learn that this way of creating cash flow for your business isn’t new? In fact, invoice factoring is over 2,000 years old!

Are you looking for creative financing for your small business without having to take out a loan? Have you considered invoice factoring?

Obtaining business financing may seem like hard work, especially when there are so many other aspects of business management to think about. With any type of loan or line of credit, there is obviously a process in place, but there are some myths out there when it comes to applying and qualifying, and also what types of financing are available. Consider a few myths that may prohibit businesses from applying for financing. 

Invoice collection is never a fun task. Many companies have a department dedicated to the onerous task, but for some it may be a one-man show. The many responsibilities undertaken by small business owners can sometimes take their toll. Faster payment obviously increases cash flow so what can be done to encourage faster payment? Let’s consider some tips to make the process easier.  

President Barack Obama signed the Affordable Care Act on March 23, 2010, five years ago! The results are yet to be significantly determined, but there is no doubt that it has had an impact on many industries, the staffing industry included. 

In a recent blog relating to the impact of the Affordable Care Act on the staffing industry, Will Thompson writes in great depth about the ACA and how it impacts employers with a specific spin on staffing companies. The infographic provided in the blog is extremely helpful. Below is a brief synopsis along with some added thoughts on the subject. 

Bay View Funding President, Glen Shu is passionate about helping businesses obtain financing that is otherwise potentially out of their reach.  In a recent informative video, he talks about how the specific services at Bay View Funding work, and how they can benefit those businesses seeking alternative funding opportunities. 

Every company strives for business success. Once it is clear that a recipe works, it is easy to settle into a routine that does not necessarily involve looking at new ways to do business. Is your company taking advantage of new technologies and opportunities?