If you own a subcontracting business your general contractor normally will pay invoices in 30 to 60 days. This creates a lack of liquidity because your cash flow is on hold for that period of time. This may prevent growth and create difficulties regarding making timely payments to suppliers and your staff. Factoring invoices is a way to accelerate cash flow from invoices by selling them at a discount to a commercial finance company. Read the rest of this entry »
Thousands of entrepreneurs seek minority business loans , and many of them succeed. This type of financing is primarily meant for small businesses that are owned wholly or primarily by individuals from an historically under-represented background in commercial lending. These loans are different than grants and can accommodate special types of products including start up loans. Read the rest of this entry »
By Kent Harlan
The invoice factoring industry is expected to grow substantially as the economy continues to soften. The threat of a recession will likely increase demand for the service. The onslaught of the sub-prime mortgage crisis and the high rate of adjustable rate mortgage resets in the next two years are added variables to an already slowing economy.
By Ray Smith
Availability of sufficient working capital and maintaining a healthy cash flow is probably the biggest challenge for most businesses. While some businesses would opt for small business loans to meet their working capital needs, the best option is to go for receivables factoring, which will give you the much-needed working capital as well as maintain a proper Read the rest of this entry »
By Michael Russell
One of the biggest problems in any growing business is the long delay it typically takes to get paid. It is not uncommon for it to take 60 to 90 days from the time a company completes a job or contract to the time when the company actually gets paid. Ninety days is almost an industry standard interval from receipt of a service or goods by a large commercial customer to the time that payment is sent out.