When a business is strapped for cash they often turn to factoring accounts receivable as a financing solution. Of course a factoring company expects to earn a profit on the cash advance and charges a fee for their service. Since the overall goal is improved cash flow, a company considering accounts receivable financing will carefully weigh the benefits against the costs.
If you plan on selling invoices it is important to know whether the funding proposal is for "recourse" or "non-recourse" factoring. Here is an overview of both methods. Every day business owners juggle the cash flow demands of their companies. More than ever, they are turning to invoice factoring as a trusted solution, even when banks decline loans and credit lines.
If you plan on selling invoices it is important to know whether the funding proposal is for "recourse" or "non-recourse" factoring. Here is an overview of both methods. Every day business owners juggle the cash flow demands of their companies. More than ever, they are turning to invoice factoring as a trusted solution, even when banks decline loans and credit lines.
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Our mission is to add value to your business by providing solutions designed to help increase your profits by improving your cash flow. We work with multiple financial institutions so we are flexible in what we can offer our clients. We have established a network of the industry's most aggressive resources for funding businesses that don't necessarily fit a traditional banking mold.
Kristy Melton graduated Magna Cum Laude from Loyola Marymount University in Los Angeles with a degree in Communication Studies and a minor in Business Administration. She has over 21 years of experience working with small businesses, starting out in sales and then working in sales management for ADP.
When a business needs cash but doesn't want to borrow money they can turn to Invoice Factoring. Rather than a bank loan, outstanding invoices are sold to a factoring company. When your business delivers goods or services to a customer on terms an invoice is created. The average customer may wait 20, 30, or even more days, before paying the invoice.
If your business wants working capital to pay bills, fund growth, or negotiate discounts then it's time to consider the top 10 benefits of factoring invoices. All business owners experience the ebb and flow of cash flow but with banks tightening the extension of credit many options are dwindling. Fortunately, accounts receivable funding is going strong after decades of continued growth.
7a loans $150,000 up to $5,000,000: Small business loans guaranteed by the SBA and issued by participating lenders. Variable and fixed rate financing for owner operated businesses needing to refinance, upgrade or expand. We will connect you with an SBA Preferred lender that's right for you based on your use of funds, your location and your eligibility.
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