Tag: Factoring

Buying or Selling a Business

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

Robots and Artificial Intelligence and your business future

  Meet George Jetson—yes, we all remember that guy. The down to earth father of the space-age family with a dog named Astro, Rosie the Robot with artificial intelligence, and drove the super cool flying saucer-like car that folded into a briefcase when he arrived to work. George worked for Spacely’s Sprockets where he had… Continue Reading

What if my business can’t qualify for a loan?

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.

Are there monthly minimum factoring amounts?

The short answer is NO. However, as with most business relationships, you must first establish an account. The process is not long but will establish your factoring discount rate. The factoring discount rate is determined by a number of variables such as the type of business you are in (for example, construction is more expensive… Continue Reading