Bay View Funding Blog

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.

Companies from all different industries and of all sizes can benefit from using invoice factoring to grow their business.

Some business owners worry that using invoice factoring will hurt their relationships with customers; they assume that customers will think a business that uses invoice factoring isn’t doing well. However, in many cases, the opposite is true.

Large government contracts can be a boon for your company, as they provide generous amounts of revenue. Unfortunately, government contract payments can be far from reliable. Since government contracts depend on collaboration between multiple governmental agencies, payment can take longer than with other kinds of businesses. Sluggish payment processes can disrupt cash flow and even jeopardize your own timely payments to employees, suppliers, vendors, or subcontractors. This is where the process of invoice factoring comes in. Learn if you can apply it to your government contract and how to use invoice factoring for your municipal clients.

Among the many impactful factors, the oil and gas industry is heavily dependent on the economic climate. As one of the leading indicators of global economy and relations, it is also one of the mostly closely watched and hotly debated. Knowing where the industry is headed can help businesses make informed decisions about an industry that is historically volatile and forever changing.

By 2020, almost half of all workers in the United States will be millennials, individuals born between 1980 and 2004. Millennials are distinct from other generations having grown up in the internet age, with information technology that was not available to previous generations shaping their unique interests and motivations. This means that strategies that worked for recruiting previous generations may no longer be as effective for securing the top talent. Staffing businesses that adapt to millennials’ needs are more likely to attract this team-oriented and tech-savvy group of candidates.

Invoice factoring provides businesses with quick cash they can use to invest in expansion or cover expenses. However, business owners often wonder if it’s the most cost-effective way to obtain funding. Here’s a breakdown of the process, a comparison of recourse and non-recourse factoring, and a look at factoring fees.

Fall has arrived. As distributors take a breath and prepare for the holidays, now is a good time to evaluate how this year went and prepare for what is ahead in order to keep your company’s competitive edge. To stay up-to-date, you should stay aware of what is trending in your industry. Here are the trends affecting wholesale distributors: