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
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
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.
In any contact we may have with your clients, such as verifying that invoices are correct or following up on a late payment, they will be treated with the utmost respect, and in some cases, may not even know that they are not dealing directly with your company. We want your clients to be happy…. Continue Reading
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