Firms need to adjust and implement procedures that protect their financial stability as interest rates rise. In this blog article, we will examine how rising interest rates affect businesses and talk about practical measures they can take to reduce risks and prosper in a shifting economic environment. Increased borrowing costs, investment choices, and general financial […]
Invoice Factoring
10 Reasons Why You Can’t Get a Bank Loan
2 years ago
Securing money is crucial for business owners who want to expand and maintain their businesses. Nevertheless, obtaining a bank loan is not always simple. Despite the fact that your firm is profitable, you could be unable to obtain a bank loan due to your credit history or business concept. The top 10 reasons why banks […]
Using Invoices for Collateral Loans
2 years ago
With a looming recession and rising cost of inflation, your business may be facing financial challenges. Instead of relying on a bank, you can now use your invoices for collateral loans. Here’s how invoice financing can help keep your business out of debt, or grow your business regardless of the challenges ahead. What is Invoice […]
How to Get the Best Deal on Your Invoice Payment Terms
2 years ago
Popular accounting software defines invoice payment terms as, “an agreement that sets your expectations for payment, including when the client needs to pay you and the penalties for missing a payment”. Having won the bid and bust a gut to get the job done well and on time, you’d think that the work is done, […]
Pitfalls to Avoid When Factoring Invoices
2 years ago
1. Your Customer Is Not Creditworthy The success of your factoring application depends less on your creditworthiness and is more dependent on your customer’s credit history. If you submit invoices to us and we find that the clients connected to those particular invoices are not creditworthy, we would not be able to proceed. There is […]
How to Finance New Business Growth
3 years ago
Not sure how to finance new business growth? New businesses need working capital to cover expenses and accelerate growth. Additionally, during the first few years of operation, most companies are just managing to cover daily costs and the day-to-day business operations. As a result, new businesses often don’t have the additional funding or cash required […]
Is It Easier to Qualify for Invoice Factoring Than Conventional Loans?
3 years ago
Cash flow issues are a common challenge faced by businesses, especially smaller ones and start-ups. They require business financing for expansion, marketing, buying equipment, and much more. See why Qualifying for invoice factoring is easier than conventional loans here. Typically, big businesses have the option to approach banks to apply for loans to increase their […]
How to finance a government contract
3 years ago
Landing a government contract can be an exciting and lucrative development for a small to medium-size business. However, completing the contract does come with a few drawbacks. Most notably, these drawbacks include the all too common problem of slow payment. You know the money is coming eventually. But, that doesn’t help when you need strong […]
How Small Business Invoice Factoring Improves Cash flow
3 years ago
There is a reason that many small businesses regularly include invoice factoring in their financial strategies. It is because all businesses need cash flow to fuel their growth, and invoice factoring is a powerful solution for improving cash flow. How exactly does it bring about this benefit? Here are the two primary ways in which […]
How businesses can use factoring to fuel growth
3 years ago
Businesses can use factoring to fuel growth. As a small business owner, you probably already understand the benefits of invoice factoring when it comes to easing your cash flow. But factoring is more than just a temporary financial stopgap. Careful use of invoice factoring can actually help you fuel the growth of your business. Better […]