Money
How To Qualify For Factoring
Small businesses looking to improve their cash flow turn to traditional financing with banks such as business loans and lines of credit. Unfortunately, not every small business owner qualifies for conventional lending. This is where factoring can help. Factoring is…
Money
Basic Business Client Background Checks
Good working relationships with your client should be the overall goal for your small business. Why? It is this long-term relationship with each client that has the potential to be a long-term revenue source for your small business. But what…
Money
When a Client Declares Bankruptcy: What Small Businesses Need to Know
You received a letter in the mail informing you that your client has filed for bankruptcy. It is this moment you realize that this bad news just became your problem. If you received a notice regarding your client’s bankruptcy you…
Money
The Cash Collection Cycle
The cash collection cycle is an essential gauge of profitability for a small business. By definition, cash collection cycle is how long it takes to collect on money owed. The sooner a small business collects on its receivables, the shorter…
Money
Factoring Vs. Collections: Which is Better For Your Unpaid Invoices?
Factoring companies and debt collectors each provide unique services to help businesses get paid for work that has been completed. At first glance, factoring companies and collection agencies seem similar as they both provide a service to businesses to help…
Money
Fast Cash: Spotlight on Invoice Factoring
Small businesses are waiting longer to get paid from their commercial customers. While large companies hold on to their money to sustain their own working capital, small businesses are being stretched financially. A survey of 850 small businesses performed by…
