As you might have guessed, the “F” word that we are talking about is factoring. Once shunned by businesses and the finance industry, invoice factoring has become a valuable tool in maintaining cash flow and working capital. Often, companies find themselves to be asset rich but cash poor. While business is thriving, they have a… Continue Reading
Tag: Cash Flow
How much is your business worth? Just like the housing market, businesses are regularly bought and sold. While each sale is different, there are just as many reasons why owners decide to sell their businesses, as there are reasons why buyers decide to buy a business. The big question is, how do you know how… Continue Reading
Let’s face it; we live in a credit world. Credit cards aren’t just convenient—they actually create spending power that is then used to buy goods and services. In fact, about two-thirds of the U.S. economy is based on consumer spending and all totaled Americans have some $2.2 trillion (and counting) of outstanding consumer debt…. Continue Reading
Answer: Factoring isn’t a loan, so the fact that your company doesn’t have the right “ratios” or that banks have turned you down for a line of credit or working capital loan doesn’t matter. If you have creditworthy business clients and good receivables, you may be a candidate for factoring.
People can accomplish great things on their own, it takes perseverance, will power, sometimes strength and training, and quite often a little luck. But even greater things can be accomplished when you work with others that are just as determined. How many times have you started an exercise program or diet, only to fall off… Continue Reading