TGIF...really?? 

Invoice Finance -- what exactly is it?  Well, candidly, it's just another term used for traditional invoice Factoring.  Within our niche industry, we hear all kinds of names for the same basic service including invoice finance, accounts receivable finance, invoice factoring, factoring, invoice discounting, working capital finance, etc.  The list seems to get longer each year.  We're not really sure why people want to come up with different names for the same basic process, but maybe that's just an effort to try to be cool...or maybe people just forget to use the same name and so they choose that name that is on the tip of their tongue...and all of a sudden the names just keep evolving like a good old fashion game of telephone (like you use to play when you were 8 years old)!

Business Factoring Online - It really does exist!

You've seen advertisements from many small business factoring companies indicating that your personal credit does not matter and that factoring companies really only rely on the credit worthiness of your customers.  This is true to a large degree, however, it is important to note that many small business factoring companies want to get a sense of how much a person cares about maintaining a good credit history. 

So you're heard about factoring services, but for the most part, you've really only focused on the "factoring" part.  You've gone down your checklist as you've conducted your research and due diligence to learn about invoice factoring, or as it is otherwise commonly called, accounts receivable finance.  Your initial checklist may have included items such as:

1. Advance rate
2. Eligible collateral
3. Pricing
4. Factoring agreement
5. Amount of time before initial funding

All of these items are indeed important to the transaction you ultimately enter into with a factoring company, and ultimately a factoring relationship will help to smooth out your cash flow month to month.  However, there are some other significant benefits to the "service" part of the term factoring services.  These items include:

Let's face it, when you need cash for your business for growth, to make payroll, to purchase equipment or raw materials, it isn't always readily available.  The traditional places entrepreneurs think they should go are a bank (for a loan) or Angel or venture capital investors (for equity).  In today's investment climate, both are probable dead ends...why??

IT'S EASY TO MAKE THE RIGHT CHOICE WITH FAST A/R FUNDING!

Your cash flow is a bit tight and you've heard a bit about invoice factoring companies, or factoring accounts receivable, and you're ready to take the plunge.  You do the modern equivalent of pulling down an Encyclopedia off the shelf to learn more...you click a button and choose your favorite Internet browser and navigate to your trusted search engine, Goolge, Bing, Ask...and you start to type in something to get you started.  So you quickly type "Invoice Factoring Companies" and guess what?  You end up on this page!!  So, welcome...  You've just landed at a great place to start.  At the bottom of this page, you'll be able to click on a button and download a free guide describing Electronic Factoring if you need to learn some of the basics about invoice factoring.  But one of the main points I wanted to make in this blog today is analogous to the choice between grabbing that Encyclopedia vs. the modern age of computer technologies and the Internet for attaining information.

AR Factoring - Q and A with Matt Begley of Fast A/R Funding

We're happy to welcome our friends from MyCorporation to our blog.  These folks are EXPERTS who have offered to provide our readers some excellent information about business formation and beyond!  While some may consider this "factoring help", this information is broadly applicable for all entrepreneurs.