The function of factoring invoices is to provide capital by making advances on creditworthy accounts receivables. This means the customers who order the product or service must have a positive credit history. The factoring company checks the credit on every customer prior to accepting the invoice for factoring. For the most part factoring companies rely [...]
Archive for December, 2010
Photo: Brookside Gardens, Silver Spring, MD 2010 Best wishes for a prosperous new year! Looking forward to working with you soon. Stay healthy, be safe and enjoy yourself.
When a company finds itself in trouble, sooner rather than later, they should seek professional assistance to reverse the trend. If a business owner holds out too long thinking they can right the ship, it could very well be too late for anyone to help. There is a whole industry of professional consultants who go [...]
A recent post on GovWin describes things that a business can do to become a better candidate for a business loan. 7 Ways To Be More Attractive To Business Lenders Businesspeople always say that access to funds is the life blood of any company. Going out and securing outside financing to help grow a business [...]
Sometimes a company would like to factor a single invoice. This is commonly called â€œspot factoring.â€ It usually involves a significantly large invoice. Most factoring companies will not do spot factoring due to the risky nature of the transaction. It’s because if there is a problem with the account debtor paying the invoice there will [...]
An exceptional benefit of using invoice factoring for growing a company is not being hampered by credit availability. Unlike working with a bank line of credit, which will only allow for credit based on historical profitability or sometimes major long term contracts by a borrower that has a proven ability to perform, receivable factoring only [...]