Bay View Funding Blog

Bay View Funding Focuses on Success

When it comes to the business of invoice factoring, Bay View Funding is there to help. With consistent successes when it comes to financial problem solving, and personal service, the dedication is apparent from the moment you walk through the door.  Bay View Funding works with a variety of different clients each with their own frustrations and challenges when it comes to cash flow, and they love tackling those challenges. 

Preparing for as many eventualities as possible is a constant battle for transportation companies. When the forecast brings bad weather, plans often have to alter. Any delay in the delivery process can cause a delay in payment, which can in turn contribute to cash flow problems.                                                                                                                     

Coming up with a smart business plan is one thing; finding the funding can often be more of a challenge. In previous blogs we have addressed ways to fund your business for growth, but what about specific funding from the outset? 

The holiday season is upon us, bringing with it well earned year-end parties and celebrations. Now is a good time to check your lists twice and reflect upon the cash flow management of your business for 2014. How did your business measure up against financial goals? What are the lessons learned going into the New Year? 

A primary challenge of running any business, whether you are just starting out, growing, or simply keeping up with daily responsibilities, is that of consistent cash flow. Balancing your accounts receivable with on time customer payment is not always as successful as you would like it to be.

This may sound like a strange question, but have you taken everything into consideration when it comes to your customers with regard to prompt payment? 

Every company strives for higher sales, however this does not always immediately equate to higher cash flow when you need it. In an ideal situation, customers pay when goods or services are delivered, or at least on time if you have offered terms, but frequently this does not happen.