Many businesses that fail are profitable when they go under. Costs of sales, carrying inventory and rapid growth can absorb your business’ cash flow. And waiting 60 to 90 days to get your invoices paid can slow your sales and business growth. All business’ have to pay rent, suppliers and meet payroll on a regular basis. If most of your cash is tied up in slow paying invoices you may miss important opportunities to grow your sales. Can you, as a business owner, deliver large orders to new clients and provide credit to your customer’s for 60-90 days? Read the rest of this entry »
Accounts receivable funding, also known as factoring, continued an upward trend in 2005 with volume exceeding $112 billion. This represented a 9.3% increase over the prior year, which is the strongest year to year growth rate since 2000. In fact, only 2001 was the only year in the past 20 that factoring volume did not rise. A/R funding continues to be an accepted part of financing, but according to the Read the rest of this entry »
Factoring financing is one of those business financing tools that is not well known by the general public but widely used in the business community. It is widely used, because it’s easy to implement, can be set up in a few days and can provide the working capital that a business owner need to grow their business. Read the rest of this entry »