Category: Business Advice
working capital funding strategies

FAQ About Working Capital Financing

Q: What is the importance of working capital? A: Working capital is your company’s assets minus liabilities. This number is inflated compared to the available cash in your business due to the amount of money often tied up in accounts receivable. Working capital is the pulse…

invoice factoring broker

Invoice Factoring Brokers

Many small businesses are in need of working capital financing. This is due to cash flow strain from: business growth, large clients that pay on long credit terms, and upfront supply costs. Business can get off track when a small business owner is spending their time…

finding money for your business quickly

How to Find Money Quickly For Your Business

A traditional bank loan, a second mortgage, and a Small Business Administration loan are all great financing options for your new or existing business. The catch is the high standards for approval, personal liability, and the time it takes from application to first funding. What can…

increasing employee retention

How To Increase Employee Retention:

Employee retention is increasingly important to businesses both large and small. With low unemployment rates, companies are competing for both attracting and retaining top talent. It costs an average of 33% of an employee’s salary to find a replacement, and it can increase to 50% when…

customer nonpayment

Warning Signs Your Customer Could Be In Trouble

You’ve worked hard to make that sale. You’ve delivered the goods. Congratulations. It took effort to nurture that relationship. Now you need to get paid as otherwise you’ll be in trouble. You have bills to pay, and people rely on you. How do you get paid…

the importance of customer retention

The Importance of Customer Retention

Customer Retention and Profits. Customer retention is linked to a business’ profits. A study by Fred Reichheld of Bain & Company finds that a 5% increase in customer retention generates over a 25% increase in profits. This is due to repeat customers purchasing more from a…

small business invoice factoring

How to Avoid This One Thing That Dooms Small Businesses

If you own a small business, you are one of the 28 million Americans who are helping to drive the economy with hard work and innovation. According to the 2010 Census, approximately 120 million people across the nation are employed by small businesses, which are defined…

change factoring companies

Things to Know When Changing Factoring Companies

If your business needs are unmet, it’s easy to see the grass as greener on the other side. Be sure that the factoring company you switch to can provide the customer service, funding, and support your business needs. Otherwise, you’re wasting the time you can channel…

business loans

Customer Relationships and Invoice Factoring

Many growing businesses considering accounts receivable funding have concerns about how a factoring company will affect their customer relationships. Will they think my business is struggling? Will they be hunted down by my financier for late payment? Will they be uncomfortable not paying my business directly?…

accounts receivable funding

Managing Your Accounts Receivable

Most businesses fail for the same reason. They don’t manage their cash flow and simply run out of money to pay their bills. It’s often hard for a small business to obtain affordable funding, especially in the first few years of trading unless the owners have…