What Account Receivable Questions to Ask Before You Sign a Contract
Every business that is looking to finance account receivable needs to know how the finance company is going to operate before getting into a financial relationship. You want to make sure that you know how they operate and make sure they are knowledgeable about your industry. These topics and questions are so that you can select the best factoring company and avoid the biggest misunderstanding that occurs when starting your relationship.
How Does Accounts Receivable Factoring Work?
Accounts Receivable Factoring is a way to receive cash for invoices that have not yet been paid. It’s an attractive alternative to a business as it presents no-risk to you, does not require perfect credit, and is not a loan so you won’t take on more debt.
Building Your Business on an Accounts Receivable
How do you build a business off of one Account Receivable? It is not easy with a little hard work it can be done. I should know, I did it. After spending 12 years of my life creating start up business loans, I was going out on my own.
How To Find Accounts Receivable Financing For Your Business’s Growth
Hearing about Factoring and how it can help your business cash flow is one thing. Finding a suitable factor is another thing entirely. There are as many variables to terms and conditions as they are factors to choose from, making the process time-consuming and headache-inducing if you’re identifying and evaluating factors one-by-one.
Make An Impact With Receivables Financing
“Being rich is a good thing. Not just in the obvious sense of benefitting you and your family, but in the broader sense. Profits are not a zero sum game. The more you make, the more of a financial impact you can have.” – Mark Cuban
What Is Receivable Financing And Why You Need It
Receivables Financing or Accounts Receivable Financing, also known as Factoring, is a financial transaction in which a business sells its outstanding invoices to a third-party “factor” or financing company. The business receives a cash payment for a discounted amount...
The 50 Thousand Dollar Bottle of Syrup
Yes that’s right one of our clients spent $50,000 on a bottle of syrup it is a possession set up in his office on a shelf behind his desk center stage. No it is not because he is so rich that “why not?” Nor is he a syrup connoisseur who has dreamed about this syrup ever since he joined the syrup of the month club. No this is a painful reminder to him every day about making bad decisions.
Benefits of Using Freight Broker Factoring
The main source of the growth has been that more accounts receivable finance companies have become more comfortable with freight broker factoring. With transportation factoring becoming more competitive, the factoring companies have looked to new ways to work within an industry that they understand.
From Startup to Philanthropist: National Factoring Group Helps One Small Business in Telecommunications from Beginning to End
National Factoring Group is pleased to share their client’s latest success story and how they are making a difference not only in their community but around the world. This telecommunications client was first referred to National Factoring Group by a banker, as the company didn’t meet the banking requirements. Since the bank was unable to help this business, National Factoring Group was utilized to connect them with a factoring company that could.
Why Freight Broker Financing?
Freight Broker Finance is one of the fastest growing areas within the Invoice Factoring Industry. So why are more Freight Brokerage Firms to moving to Invoice Factoring? The simple answer, like all industries, is Cash Flow.