In this blog, we set out on a trip through time to examine the development of business factoring—a financial strategy that has profoundly influenced trade and industry throughout history. A New Era in Factoring Our trip starts in prehistoric Mesopotamia, when factoring was first introduced about 4,000 years ago. Selling their accounts receivable to factors […]
How To Switch Factoring Companies
2 years ago
Since your company’s financial requirements may change over time, we at Kore Capital are here to help you navigate the process of changing factoring companies. For many firms, factoring is essential to sustaining a positive cash flow. There are, nevertheless, circumstances where a change is required. Using information from a thorough essay by DAT, we […]
Warnings About Alternative Lending
2 years ago
Alternative lending is standard for many businesses that have a good relationship with their lending partner. Other companies are wary about using alternative financing for various reasons. The 2022 Small Business Credit Survey (SBCS), a collaborative effort by all twelve Federal Reserve Banks, shows that businesses are more likely to apply for funding with an […]
How To Protect Yourself From Customer Bankruptcy
2 years ago
Did you know you can use factoring to protect your business from customer bankruptcy? As a business owner, you understand how circumstances can impact companies, especially those outside your control. Statistics from the Administrative Office of the U.S. Courts show that in the calendar year 2022, business bankruptcy filings fell, though individual filings under Chapter […]
Tips for Business Growth Management
2 years ago
As your business grows, you might find yourself facing new business challenges. A good business growth management strategy can help you manage rapid changes and ensure your business is a success. Here are some tips for business growth management. Create a Growth Plan What are your business objectives now that your business has grown? It’s […]
Invoice Factoring Best Practices
2 years ago
Does your invoice factoring company follow the best practices? Many businesses and organizations express concerns over a third party working with their customers. When choosing a factoring company, it’s important to ensure they follow best practices around their clients’ customers to ensure good relationships. Here are some tips to illustrate best practices to look for […]
Future Factoring Trends
3 years ago
Times have been a little tough for the factoring industry since the beginning of 2020. But, future factoring trends appear to be moving upwards. As banks tighten up their lending practices, more businesses are likely to turn to factoring to help with their temporary cash flow problems. Here are some of the trends to look […]
When Invoice Factoring Makes the Most Sense
3 years ago
There are a number of business conditions when invoice factoring makes the most sense. Factoring is the ultimate solution for cash flow issues, but it may not be for everyone. How do you know when factoring is the best solution for your business at the present moment? When Invoice Factoring Makes the Most Sense Ask […]
How Factoring Helps Your Business
3 years ago
Factoring helps your business by getting you the cash that was already owed to you quickly. Factoring is a business financing solution to solve all of your cash flow problems. If you are wondering what is factoring and how it can help your business, this blog will answer all of your questions. How Factoring Helps […]