Helping your Customers Pay – Accounts Receivable Management

Posted by Steve Barthol on Wed, Sep 17, 2014 @ 08:00 AM

What methods of payment do you accept from your customers? The more payment options you are prepared to accept, generally the easier it is to receive an on-time payment. Make it as easy as possible for your customers and therefore for you.

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Topics: Alternative Financing, Cash Flow Solution, Financing Government Contractors

How do I Pick a Credit Card for my Business?

Posted by Aaron Zahedani on Wed, Sep 10, 2014 @ 08:02 AM

We love explaining the benefits of accounts receivable financing, and how it is an effective tool for all sizes of business, but there are other tools worth considering. Another way to help start-up businesses in their infancy is the use of a credit card. A recent ‘how-to’ guide in the online edition of the Wall Street Journal, discussed how to pick a credit card for your business.

When a line of credit from the bank is not yet forthcoming, and those first few invoices are not yet large enough for you to qualify for invoice factoring, a credit card may be the answer as a stopgap measure. This also establishes initial credit in the business’s name.

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Topics: About Invoice Factoring, Financing Government Contractors, Credit cards

How Can a Fuel Advance Program Help my Trucking Business?

Posted by Steve Barthol on Wed, Aug 20, 2014 @ 07:55 AM

If you were to ask small to medium sized trucking companies what it is they consistently struggle with, the frequent answer would be covering fuel costs while on the road.

Customers can often take many days to pay their invoices, depending upon the agreement in place, or sometimes just because they pay late. Late payment means less money to pay bills and cover operating costs. Filling up with fuel to deliver a load is a fundamental cost, which has to be covered in order to deliver the load. With the fuel advance program from Bay View Funding, the working capital needed to cover the cost of fuel can be obtained prior to load delivery. This means no more worry about fluctuations in gas prices, or decisions about which bills not to pay to make sure the gas cost is covered.

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Topics: Financing Government Contractors, Freight Factoring for Trucking Companies, Fuel Advance Factoring for Trucking Companies

Is This Loan Too Good to be True? – Warning Signs!

Posted by Gil Oliva on Fri, Aug 15, 2014 @ 07:59 AM

In my last blog with Andrew Aquino, Executive Vice President at Bay View Funding, I mentioned that we would be chatting about the warning signs to look out for with some of the newer financial offerings on the market. Andrew also covered some of the major benefits of accounts receivable financing.

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Topics: About Invoice Factoring, Accounts Receivable Collection, Financing Government Contractors

How is Invoice Factoring Different from Other Forms of Financing?

Posted by Gil Oliva on Fri, Aug 08, 2014 @ 08:00 AM

I recently spoke again with Andrew Aquino, Executive Vice President of Bay View Funding about invoice factoring, and how it compares to traditional bank loans or lines of credit, and some of the newer forms of financing on the market today.

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Topics: About Invoice Factoring, Financing Government Contractors, Merchant Card Advance

Andrew Aquino Explains The Process of Invoice Factoring

Posted by Gil Oliva on Fri, Aug 01, 2014 @ 08:30 AM

I had the pleasure of talking with Andrew Aquino, Executive Vice President of Bay View Funding, about the process of invoice factoring. He was able to explain how easy the process really is.

Andrew talked with me about what is involved in getting set up as a client with Bay View Funding. He explained that basically they extend financing to businesses that provide goods or services to other businesses. Invoice factoring is a business-to-business transaction providing financing based on the underlying accounts receivable. If you have a business selling a product or service to another business and that business is creditworthy, then Bay View Funding could, for the most part, provide financing to your company.

I wanted to fully understand the process of getting set up. Andrew was able to tell me that the process is really simple – “If we can contract with you and work with your customers, we can provide financing.”

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Topics: About Invoice Factoring, Financing Government Contractors

Bay View Funding Answers Specific Industry Challenges with Invoice Factoring

Posted by Gil Oliva on Wed, Jul 30, 2014 @ 08:00 AM

Fast and efficient financing from Bay View Funding helps companies maximize their growth potential, providing a total of over $1.8 Million in accounts receivable financing.

We have established in previous blogs that many industries are already benefitting from the advance funding generated by invoice factoring. Recently, Gil Oliva, Factoring Consultant at Bay View Funding, funded three transactions. Bay View Funding has the expertise to quickly and efficiently help many different types of business, and also enjoys strong relationships with Commercial Bankers and Brokers, finding solutions that successfully address specific financial challenges. The specific transactions involved:

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Topics: Financing Government Contractors

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