Every business needs capital to operate. There are a lot of small business bootstrapping it with personal savings, credit cards and loans from friends and family members. There’s nothing wrong with any of that, but at some point you will hit a limit. The problem is many businesses hit this limit and get stuck. They’ve tapped all of their resources and aren’t able to get a bank loan for one reason or another.
Finding a factoring facility can be a daunting task. If you’ve never factored before, you’re going to hear terms and numbers and calculations that sound completely foreign. While a good factoring company should be able to explain everything in a way that makes sense, there’s one piece of the puzzle that you should have a very clear understanding of – the invoice factoring rates.
Factoring is a great tool for small and mid-size businesses. Companies across practically all industries use factoring to provide cash flow for their business. More than $2 trillion dollars was factored last year. This isn’t some small-time business loan. Factoring is a major piece of the global economy.
Just as house requires a solid foundation to be structurally sound, a business needs a solid foundation to be financially sound. If you don’t have a firm financial footing, your business is a house of cards - a house that will come crashing down as soon as the wind blows.
Factoring is used by large and small businesses across practically all industries today.The transportation industry is no exception to this. Trucking companies across the country use factoring to improve their cash flow and keep their trucks on the road.
Receivables Factoring: Five Ways to Help your Business
When you’re running short on cash, what do you do? Sell hard, slash costs and run to the bank for a loan? Have you ever considered receivables factoring? Receivables factoring provides the same benefits as a traditional bank loan, plus so much more.
Factoring Loan: Finance Made Easy
Businesses need funding to survive. You have to have cash to purchase inventory, pay employees and cover overhead. I have, unfortunately, seen many businesses struggle due to inadequate funding. When cash is tight for an extended period of time, there comes a point where you, as a business owner, have to make tough decisions about your business.
Transportation Factoring: Learn How Factoring Can Help Your Firm
Factoring is a great tool for businesses in all industries; however, the transportation industry has some unique challenges that factoring is especially good at addressing. Transportation factoring is a great way to boost your cash flow and keep your business running smoothly.
AR Funding: Keeping Pace as the Economy Improves
There’s no doubt that the economy is growing. A few days ago, the Bureau of Economic Analysis released the initial estimate of second quarter GDP data. The Bureau estimates that real GDP increased at an annual rate of 1.7% in the second quarter of this year. This is up from 1.1% in the first quarter of 2013. All together, the economy has grown at an annual rate of 1.4% in the first half of 2013.