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- Nationwide Invoice Factoring Company
- Phone 301-681-0080
THE ART OF FACTORING
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Transparency
Business owners who are considering factoring receivables often comment something along the lines of “my accountant suggested we look into …
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Overcoming The 5 C’s of Credit
In order to play the game, you need to understand the rules. The rules are the 5 C’s of Credit (Collateral, Capacity, Capital, Conditions, and Character). If you are reading this article, chances are your business is struggling in one or more of these areas.
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Bank Is On First
Legally you cannot have a bank loan that is secured by accounts and use factoring in parallel. The factoring company must have first security position on the accounts receivable it is purchasing for the purposes of making advances. Additionally since you have a loan contract with the bank, you would be putting the loan in jeopardy
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Factoring Invoices as a Tool
Using accounts receivable to provide working capital for your company operations is a useful tool. It is easy to obtain and flexible to use. So tell your business associates
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The Difference Between Cash and Accrual Accounting
The cash method of accounting is the most common choice for small business owners. Under the cash method, you don’t count income until you have the cash or the check in hand and you don’t count expenses until the money leaves your account. In comparison,
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Temporary Staffing Companies
Accounts receivable factoring companies often times assist personnel staffing firms in growing their business. The overwhelming labor quotient can become a real headache from lack of cash flow, as bigger contracts are signed and more employees are placed.
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Commercial vs Consumer
Factoring is primarily a B2B (business to business) financing mechanism. This is largely due to the way the legal system handles a consumer transaction as opposed to a business transaction.
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Profit motive
high volume, low margin sales, then factoring invoices might not be your best solution. These are usually businesses that import an item to sell to wholesalers and distributors