Factoring Purchasing Advice & Buyer's Guide
- What is Factoring?
Factoring is a process by which a business can cash in on assets not usually recognized as assets by a traditional lender. There are several types of factoring and dozens of companies that offer the service. You need to have a basic understanding of factoring, and to consider some of the benefits and costs of factoring...
- Benefits of Factoring
One of the biggest benefits of factoring and probably the most common reason people seek out this service is the need for steady cash flow. Consider briefly how factoring works, then look at how factoring can help company get cash on hand on a more regular basis. Factoring is basically a method of increasing the amount...
- Invoice Factoring for immediate and steady cash flow
Invoice factoring is a process by which a small company can improve immediate cash flow that otherwise could take weeks to arrive. There are several reasons for entering into invoice factoring, including a method of collecting from clients who are slow to pay. Take a look at how invoice factoring works...
- Recievable Factoring can help simplify record keeping
Most people who are small business owners deal with their own record keeping. Though you may hire an accountant to help you out at tax time, there’s usually no money to hire such a professional to handle daily bookkeeping tasks. That means that you are responsible for invoicing, and for making sure that invoices are paid...
- Asset Based Factoring
It's simply time to expand your business. You've got established clients and the money is more than sufficient to expect that the company has a long-term future. The problem is that you've spent more getting it off the ground than you had saved and there's a severely limited immediate cash flow. To complicate the issue...
- Purchase Order Factoring
Looking at your records, your business is doing very well. You’ve got a good established client base and orders are on the rise. In fact, it’s time to do some expanding but you just can’t figure where the money is going to come from. It may be time to cash in on your biggest assets – your accounts receivables, invoices and other...
- Cash Flow Factoring
Cash flow is one of the main reasons people seek out a factoring company. Most small to medium-sized business owners fully understand the need for steady and reliable cash flow. While it’s fine to have several hundred (or even thousand) dollars in invoices, that doesn’t help you pay the company bills. Take a look at some examples...
- Glossary of Factoring Terms
Factoring is a good way for small and medium-sized companies to get a more steady and immediate cash flow. The reasons for entering into a factoring agreement are as numerous as the businesses that take advantage of factoring...
