Payroll Financing - Don’t Get Caught in a Scammer’s Net

Posted by Seth Herman on Fri, Jun 06, 2014 @ 08:26 AM

Are you tired of juggling balls in the air scared you won’t make payroll every week?

You may be tempted by some of the new funding options popping up everywhere, but exercise caution before jumping in to the first offer in your in-box.

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Topics: Cash Flow Solution, Payroll Funding for Staffing Companies, payroll financing for staffing

Get your Cash Flowing – Installment Contract Financing

Posted by Gil Oliva on Wed, Jun 04, 2014 @ 07:51 AM

Cash flow should be simple, and there are many ways to go about finding a viable answer to your cash flow needs. We have discussed the many benefits of invoice factoring. Let’s take a look at another option that focuses on a specific financing requirement.

Have you heard of installment contract financing? It is a way of providing your customers with more options for payment so you can increase sales. If you can offer customers more ways to pay, chances are they are more likely to choose you as their business partner. Convenient monthly payment plans mean an easier way for your customers to pay, which leads to increased revenue for you, but how does this work?

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Topics: Alternative Financing, Cash Flow Solution, How to Grow Your Business, About Invoice Factoring

Three Ongoing Business Challenges for 2014

Posted by Gil Oliva on Wed, May 21, 2014 @ 07:52 AM

As we near the halfway point of 2014, it is a good time to take a look at some of the big challenges small businesses continue to face.

In an article addressing key issues small businesses will face in 2014, Angus Loten and Sarah E Needleman look at three big challenges for 2014 and beyond. In summary, they discuss the following:

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Topics: Cash Flow Solution, About Invoice Factoring

Be Prepared – The Importance of Cash Flow Projection

Posted by Aaron Zahedani on Wed, May 14, 2014 @ 08:34 AM

Projecting cash flow is one of the most vital elements to a profitable business. If the cash flowing in to your business is not matched with the cash flowing out, chances are you will be looking at badly managed cash flow, and a potential crisis.

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Topics: Cash Flow Solution, Solving Cash Flow Problems, About Invoice Factoring, Factoring Accounts Receivable

Bay View Funding Funds 3 High Growth Companies in Southern Region

Posted by Gil Oliva on Fri, May 02, 2014 @ 07:58 AM

Bay View Funding has helped 3 high growth companies, specializing in distribution, janitorial services, and oil field servicing, with their working capital challenges.

Accounts receivable funding continues to provide an excellent answer for companies who simply cannot obtain traditional forms of financing. Proving also, that there are many occasions when collaboration with the bank really can provide a successful outcome.

Liz Castillo, VP, and Regional Sales Manager, for Bay View Funding in the Southern Region, has had an exceptional month, funding in the wholesale, healthcare and oil field markets. Castillo commented that ‘Bay View Funding is in an excellent position to help specialist markets with invoice factoring, where traditional forms of financing have simply not been a viable option. Happily, on many occasions, we are able to work closely, and reciprocate business, with banks to find the right answer for each challenge”

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Topics: Cash Flow Solution, Financing for the Oil and Gas industry, Financing Government Contractors, Distribution Financing

Why are Accounts Receivable Aging Reports so Important?

Posted by Gil Oliva on Fri, Apr 04, 2014 @ 07:53 AM

In order to structure a workable operating budget for your company, it is necessary to periodically generate an accounts receivable report showing the aging process for outstanding invoices for any goods and services supplied.

accounts receivable aging reportThis critical report allows you to carefully analyze the financial reliability of your customers. If one company is consistently late paying invoices, it should send out a warning flag that there is a possibility they are not succeeding in meeting their business goals. This could make them a potentially bad credit risk and therefore a bad account to work with.

To successfully meet monthly operating costs you need a steady revenue stream, and an accounts receivable aging report will show which companies are making regular, on-time payments. Without this information, it will be difficult to maintain a healthy cash flow if you are always worried about late payment on outstanding invoices.

Once you are able to assess which accounts constantly pay late, you can evaluate payment terms with your suppliers and make changes accordingly. For example if a customer consistently pays 5 days later than the payment terms agreed upon, and you have historically accepted the late payment, but your suppliers need payment earlier, you will eventually have problems making payments to your suppliers and jeopardize that relationship. This, in turn, could result in loss of customers, as suppliers lose faith in your company’s ability to pay bills in a timely fashion.

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Topics: Cash Flow Solution, Factoring Accounts Receivable, Financing Government Contractors

Working Capital Management the Invoice Factoring Way

Posted by Gil Oliva on Fri, Mar 21, 2014 @ 08:39 AM

It is helpful to revisit the fundamentals of invoice factoring periodically. We frequently refer to the invoice factoring procedure in many blogs, but often when concentrating on the benefits of accounts receivable financing as it relates to a specific topic. We have recently discussed the documentation and process involved, but let’s illustrate a little further.

When you decide to factor your company’s accounts receivables, you are essentially selling them to a factor at a discount in exchange for a cash advance. The factor must wait normally 30 but up to 90 days to collect the full value of the invoice from your customers.The discounted invoice amount is the factor’s fee for advancing cash on unpaid invoices. This amount may also be referred to as a rate.

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Topics: Cash Flow Solution, About Invoice Factoring, Factoring Accounts Receivable

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