Tag: receivables
cash flow challenges 2021

Overcoming Cash Flow Challenges Right Now

A huge challenge to small business growth is cash flow. The majority of small businesses struggle with managing their cash flow, and cash flow issues are the number one cause of small business failure. 2020 was a rough year for small business owners, and many businesses…

importance of working capital management

How to Improve Your Business Cash Flow

There are so many reasons why you need to improve your business cash flow. It takes money to make money, so you need to have cash on hand to afford supplier costs, labor costs, overhead, and marketing. When it comes to growing your business, you need…

invoice factoring for staffing companies

Invoice Factoring for Staffing Companies

Staffing factoring is crucial to a staffing company’s balance sheet. Payment terms with clients mean a gap in available working capital for staffing businesses. Your employees need to be paid on time, but you are waiting for your clients to pay. Here is where invoice factoring…

receivables finance

What Is Receivables Finance?

So, what exactly is receivables finance? In short, it is a simple way to get immediate money for your open invoices or receivables. It comes at a cost of one to four percent of the receivable’s value. It is easier to qualify for than a bank…

Can You Qualify for Long-Term Business Financing?

Long-term financing right now is a challenge for many people, but there’s some good news out there. We’re seeing a lot of inquiries where people have taken out two or three different online loans. They’ve stacked them so to speak, but they have great receivables and…

business deadlines

Business Credit and How to Get Funding

Invoice factoring and the amount available for funding relies on your company’s sales rather than the time you have been in business, personal credit score, or business credit score. Only 46% of businesses received the full amount of financing sought according to the 2017 Small Business…

invoice factoring companies

Will You Be Able to Repay Your PPP Loan?

The Paycheck Protection Program or PPP is a government funded program aimed at incentivizing small business owners to keep operating. The program offers up to $10 million in funding and is up to 100% forgivable. To qualify for loan forgiveness, at least 75% of the loan…

Will You Receive the Next Round of Stimulus Funding?

Congress is on the brink of approving the next round of small business stimulus funding in the form of the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan program (EIDL). The first round worth $349 billion ran out in less than two weeks. This round…

invoice factoring atlanta ga

What is the Paycheck Protection Program?

The Paycheck Protection Program is a Small Business Administration program aimed at encouraging small business owners to keep employees on payroll. If a small business keeps all employees on payroll for eight weeks, the SBA will forgive up to 100% of the loan if the loan…