I keep sharing these links to other articles on Factoring so you can become comfortable with the topic. Having this information coming just from my knowledge of the industry may not allow you to obtain the global impact Factoring has on providing cash flow for businesses of all sizes.
Factoring is growing in popularity and many companies are missing out on the solution they are looking for because they do not understand how Factoring works or they are unable to get used to the hands on approach needed to make the transaction work!
So without further delay here is the link to the article "Seven Tips to Improve Your Cash Flow! Click this Link
Want a Free Factoring quote? Get one by Clicking this Link
Questions: 888-603-0055!
Thanks for reading!
A blog about the Factoring industry from a experienced Factoring veteran for over 18 years. Do not assume anything, if you have questions we are here to help you decide if Factoring, aka account receivables financing is the right financial tool for your company.
Friday, June 30, 2006
Monday, June 26, 2006
In The Headlines Again!
Another Factoring article for you to read. Here is a snippet from the MSNBC article:
You can read the entire article by Clicking this Link
I always mention that factoring is a very powerful form of commercial finance that you may need to look into for your working capital.
Get a free- Factoring quote by Clicking this Link
Questions 888-603-0055!
Thanks for reading!
That is a smart accountant!"Factoring is an old financing tool, and corporate venture capital is a new one, but both are currently popular and potentially powerful ways to finance growth in entrepreneurial companies. Dennis Hauser Jr. needed working capital to help meet payroll and other short-term cash-flow needs for Tampa, Florida-based DCH Roofing Inc., the 70-person company he founded in 2001. "The banks didn't want to talk to us," says Hauser, 42. His accountant suggested factoring"
You can read the entire article by Clicking this Link
I always mention that factoring is a very powerful form of commercial finance that you may need to look into for your working capital.
Get a free- Factoring quote by Clicking this Link
Questions 888-603-0055!
Thanks for reading!
Thursday, June 22, 2006
Is Factoring Expensive?
Factoring is more expensive than bank financing but cheaper than equity financing.
A factoring relationship generally lasts 1 to 3 years during the most dramatic growth period. However I have set up some clients that have been utilizing factoring for over 6 years straight. A factoring client usually graduates to conventional bank financing when growth levels off and balance sheet ratios fall into a more conservative range.
A good factoring company will become an outsource of credit, collections, and accounts receivable management. These services such as generating monthly statements to all your customers can save you money in two ways. First, clients feel they can get by with less administrative staff if the factor is doing the above services. And secondly, the typical growth company wants to concentrate on its products and sales and looks to outsource other needs. An astute factoring client quickly learns how to pass through factoring costs to his or her suppliers by negotiating larger trade discounts.
Factoring offers numerous benefits and is worth looking into for your cash flow solution.
Get a free Factoring quote by Clicking this Link
Questions: 888-603-0055
Thanks for reading!
A factoring relationship generally lasts 1 to 3 years during the most dramatic growth period. However I have set up some clients that have been utilizing factoring for over 6 years straight. A factoring client usually graduates to conventional bank financing when growth levels off and balance sheet ratios fall into a more conservative range.
A good factoring company will become an outsource of credit, collections, and accounts receivable management. These services such as generating monthly statements to all your customers can save you money in two ways. First, clients feel they can get by with less administrative staff if the factor is doing the above services. And secondly, the typical growth company wants to concentrate on its products and sales and looks to outsource other needs. An astute factoring client quickly learns how to pass through factoring costs to his or her suppliers by negotiating larger trade discounts.
Factoring offers numerous benefits and is worth looking into for your cash flow solution.
Get a free Factoring quote by Clicking this Link
Questions: 888-603-0055
Thanks for reading!
Monday, June 19, 2006
Factoring Continues to Grow Around the World!
What does the news about Factoring around the world have to do with you?
I share these articles to help everyone see that Factoring is a powerful form of finance and is embraced globally. Factoring may be the solution you have been looking for!
Go read the latest article about Poland forming a Factoring association Click this Link
Want a free Factoring quote Click this Link
Questions 888-603-0055!
Thank for reading!
I share these articles to help everyone see that Factoring is a powerful form of finance and is embraced globally. Factoring may be the solution you have been looking for!
Go read the latest article about Poland forming a Factoring association Click this Link
Want a free Factoring quote Click this Link
Questions 888-603-0055!
Thank for reading!
Friday, June 16, 2006
Factoring is for Growing Companies!
Factoring is for both small and mature companies in distress because of losses and new companies running out of money because of profitable growth. In both cases, conventional bank financing is not always available or not adequate. Because of today's economy, bank financing, especially for leveraged or young companies, can be tough to obtain.
You may be asking, how do you run out of money with profitable growth?
Easy, let's assume you are a manufacturer that needs to pay its suppliers within 30 days but your customers pay on average in 55 days. Worse yet, take a service company such as a temp-staffing agency that needs to pay its employees every 7 days and still averages 50 days on accounts receivable turn. Even with good margins, cash runs out quickly with any meaningful growth.
This may help explain why domestic factoring continues to grow every year. It could be the solution you have been searching for!
Get free factoring quotes by Clicking this Link
Have questions? 888-603-0055!
Thanks for reading.
You may be asking, how do you run out of money with profitable growth?
Easy, let's assume you are a manufacturer that needs to pay its suppliers within 30 days but your customers pay on average in 55 days. Worse yet, take a service company such as a temp-staffing agency that needs to pay its employees every 7 days and still averages 50 days on accounts receivable turn. Even with good margins, cash runs out quickly with any meaningful growth.
This may help explain why domestic factoring continues to grow every year. It could be the solution you have been searching for!
Get free factoring quotes by Clicking this Link
Have questions? 888-603-0055!
Thanks for reading.
Friday, June 09, 2006
Change is Coming are you ready?
It has been a little easier lately to get money from the banks. They have been providing access to funds for over a year now that would have been declined in earlier times.
As the saying goes, the tide is always changing. So is true with this current!
When more businesses start being told no, the tried and true will be here to provide your solution. That is right, Factoring has been here for ages and will be here waiting to save the day.
You may find that time is now. Click this Link for a free factoring quote
Have questions 888-603-0055!
Thanks for reading.
As the saying goes, the tide is always changing. So is true with this current!
When more businesses start being told no, the tried and true will be here to provide your solution. That is right, Factoring has been here for ages and will be here waiting to save the day.
You may find that time is now. Click this Link for a free factoring quote
Have questions 888-603-0055!
Thanks for reading.
Monday, June 05, 2006
Factoring around the World
Factoring continues to become a popular choice of finance for companies around the world.
It is a powerful form of commercial finance that is being embraced globally Read this Article
How is your Cash Flow?
Want a free factoring quote? Click this Link
Have questions 888-603-0055
Thanks for reading!
It is a powerful form of commercial finance that is being embraced globally Read this Article
How is your Cash Flow?
Want a free factoring quote? Click this Link
Have questions 888-603-0055
Thanks for reading!
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