Launching a startup business comes with challenges. The United States sees over 600,000 new businesses launching each year. Of these businesses, a quarter will fail in their first year, and only half will make it to their fifth year. No one wants to pour their passion, time, and money into a business idea only for […]
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Every business needs an efficient system for billing and payment. But this is often easier said than done. Why is that? It comes down to the concept of cash flow. In fact, the results of a U.S. Bank study conclude that cash flow problems are the reason for nearly 82% of all businesses failing to
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When starting a new business, there are so many aspects that are reliant on cashflow. Large corporations can wait months for payments to go through, but smaller companies simply cannot. Small Business Funding Receivables That’s where funding accounts receivables come in. Accounts receivable financing companies can help your new startup or small business get a
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Invoice Factoring Services for a Startup Business As 2019 is officially underway, it’s time for entrepreneurs to start making moves toward running successful businesses of their own. Hopefully, you have already developed a strong business plan, have purchased a building to run your business out of, and got a few hardworking and trusted employees on
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Factoring often gets a reputation for being an expensive method of business finance. Bank loans are typically the least expensive option for business funding, if you have the right credit and financial statements. Online lenders and merchant cash advances report high approval rates but similarly high interest rates. According to the 2017 Small Business Credit
What is the Cost of Invoice Factoring? Read More »
The Federal Open Market Committee has raised the federal funds rate three times throughout this year so far, with possibly another one to come in December, and expects to increase rates at least three times more next year. Why is the Fed Funds Rate Increasing? The reason for the increases is due to a strengthening
What Does an Increase in the Federal Funds Rate Mean to Small Businesses? Read More »
Small businesses, which are defined as organizations with fewer than 500 employees, account for 99.7% of all business in the United States. Companies with less than 20 employees account for a staggering 90%. For the majority of these smaller companies, it can be difficult to succeed early on. There are all kinds of reasons for
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Invoice factoring is a type of accounts receivable financing that converts outstanding invoices due within 90 days into immediate cash for your business to utilize right away. How to choose the right factoring company Here are some important things to consider when selecting an accounts receivable factoring company: Research factoring experience — Factoring firms come
How to Choose the Right Factoring Company: 4 Things to Consider Read More »
Starting and running a small business involves a lot of work and, unfortunately, it’s quite easy to fail within the first few months. As your company gets off the ground, you’ll need to handle everything from employee on-boarding and sales to managing expenses and invoices. Thankfully, there are professional accounts receivable financing companies out there
Small Business 101: What Is Business Receivable Factoring? Read More »
On Monday, October 15th, Sears filed for Chapter 11 bankruptcy protection. Although the retail giant has been hemorrhaging for years, this will impact many businesses and over 100,000 creditors which Sears owes over $10 billion. Unsecured creditors will most likely receive pennies on the dollar or nothing at all. About 200 suppliers have stopped shipments within
What are some takeaways from Sears’ Chapter 11 filing for a small business owner? Read More »
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