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Factoring for Construction Companies and Contractors

Being a contractor in today’s environment is extremely difficult. Banks are not lending and contractors are reliant on their customers to pay their invoices in a timely manner, which most of the time means 30-60-90 days. All the while you’re expected to make payroll, pay vendors and try to grow your business. This is impossible […]

Tips For A Smooth Factoring Application

Every day business owners juggle the cash flow demands of their companies.  More than ever, they are turning to invoice factoring as a trusted solution, even when banks decline loans and credit lines. If you are considering accounts receivable funding it pays to be prepared. Save time and money by understanding these five tips before […]

How to Reduce the Costs of Factoring Invoices

When a business is strapped for cash they often turn to factoring accounts receivable as a financing solution. Of course a factoring company expects to earn a profit on the cash advance and charges a fee for their service. Since the overall goal is improved cash flow, a company considering accounts receivable financing will carefully […]

How Recourse and Non Recourse Factoring Compare

If you plan on selling invoices it is important to know whether the funding proposal is for “recourse” or “non-recourse” factoring.  Here is an overview of both methods. A Look at Non-Recourse Factoring Just like it sounds, there is no recourse for unpaid receivables against the client. The client selling invoices is not financially obligated […]