Slow-paying customers can gradually bring your business to a grinding halt, preventing you from taking on new projects and covering your day-to-day operating costs. It is extremely important, then, to bring in payments for work as quickly as possible in order to minimize your cash flow gap. Employing the five suggestions below can help you [...]
Unlike other business financing techniques that limit the money your firm can obtain, accounts receivable financing is characterized by flexibility. First of all, AR factoring companies don’t place a limit on how much cash you can receive. It’s entirely based on the amount of your unpaid invoices. Also, pretty much any size business in any [...]
Customers who fail to pay, newcomers to the industry, seasonal sales patterns and difficult economic conditions; all of these can threaten the financial status of a company. Adequate financing is imperative to any business. If a firm faces a rough patch or unexpected growth and can’t get financing to fund normal operations, then it [...]
When companies need cash, they often seek out bank loans. The problem is that bank loans may be difficult to obtain, come with high interest rates that often fluctuate and may not provide the amount of funding you need. What can your company do if bank financing isn’t quite working out? Accounts Receivable Factoring. Accounts [...]
Thinking about factoring accounts receivable? It’s simple. AR factoring is a breath of fresh air compared to traditional business lending methods. Why? Your credit isn’t a problem. Accounts receivable factoring companies focus on the creditworthiness of your clients, not your business or personal credit history. Aside from the fact that you can obtain business funding [...]