Cash Flow Planning Today’s Smart Business Parachute

Cash flow planning today, your smart business parachute. Nice to have before you need it! Why do some business owners wait until the last minute to fix cash flow gaps that their business is experiencing?

For example; You extend terms to a good trustworthy customer, expecting to get paid in 30 days from the date of delivery. At first the customer is amazing, everything is going great and running smoothly between your two companies, until one day when all of a sudden their payment doesn’t arrive as promised. You figure, ahh it must be a slight oversight on their end. So you make a note to give ’em a call.

A week passes and still no check. So you call and email again and this goes on for about 20 more days. Your note reminding them to pay you now feels more like a ransom letter than a friendly reminder.

So what happen? Well no one really knows at this point. Yes you called and emailed Accounts Payable and they promised the check was in the mail, but still no check. Their slow-pay is now really starting to affect your payroll and business operations. I mean this is a big customer and their invoice amount due is enough to cover a whole month worth of payroll.

There are two ways this usually plays out:

1.) Your customer finally sends the check, 28 days late and you continue with business as usual, however now each time you invoice them after delivery, you have this gut-wrenching feeling in the pit of your stomach, wondering when and if they’re even going to pay. Will you need to borrow money off your personal credit card again to cover payroll if their check is late again or worse yet, never arrives?

2.) The relationship was already fragile and this was the straw that broke the camel’s back.  Your customer is offended that you called and emailed so many times, almost implying that they weren’t good for the monies owed or something.

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In any event, either of the two above scenarios adds stress to a business relationship and can usually be avoided altogether. Yes of course it can, if customers would just pay on time, however it’s a proven fact that some customers just slow-pay and that is how it’s going to be. So knowing that some customers just have it in their business DNA to slow-pay, how can your business protect itself from the negative side affects of unpredictable cash flow in your business?

The answer, prepare your cash flow parachute just encase this ever happens to you. Don’t be caught by surprise and interrupt a good thing you have going at your business. You shouldn’t be punished for working hard because one or more of your customers had slow-pay DNA.

You can unlock cash tied up in your accounts receivable invoices by factoring. Factor finance companies buy your invoices for immediate cash so you get paid within hours of invoicing customers. You won’t have to worry about slow-paying customers, you can continue working hard and growing your business as usual.

Factoring enables you to cover;

  • payroll
  • expenses
  • and invest your earnings faster to help secure more new customers and grow your business faster.

Factor financing grows with your business. The larger your business gets the more immediate capital you can access from your invoices. You don’t need to create friction between you and slow-paying customers, all you need to do is focus on what you do best, running your business and creating new customers relationships.

It’s recommended that you get a few offers when choosing a factor finance company that specializes in your industry. Visit www.factorbid.com and select the ‘Get Started’ button to quickly and easily get competitive offers to buy your invoices for immediate cash. When Factors compete, You Win!

Compare Invoice Finance Offers.. Free, small to mid-sized business working capital

Compare Invoice Finance Offers.. Free. If you’re a small to mid-sized business and can benefit from an immediate increase in working capital then take a look at Invoice Financing (factoring).

What is Factoring?

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount.

Are outstanding or slow-paying invoices holding your company back! Don’t stand by holding the bag, while your customers use money they owe you to grow their business. Take advantage of factor financing and let someone else finance your customers growth so you can focus on your own growth and increasing your annual profits.

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How do small to mid-sized business get immediate cash by factoring?

If your business invoices creditworthy customers on terms, then you may qualify for immediate cash flow from your accounts receivable invoices. Factoring uses the creditworthiness of your customers, not your business credit. If your a fairly new company and working hard to establish good business credit and payment history, then invoice factoring can help.

By accessing immediate cash flow, your business can afford to;

  • pay suppliers and earn volume discounts
  • pay off higher interest loans on your personal or business credit that you’re using to support your business
  • Cover payroll expenses
  • Fulfill larger orders
  • Take in more new customers

To find out more about how factor financing can help your business with credit checking customers, bookkeeping and accounts receivable management, increase working capital and build your business credit visit Factor Bid’s home page and click the get started button. You’ll be able to quickly and easily compare invoice finance offers from the top factor finance companies so you get the best deal when factoring your invoices.

Factor Bid is a free small business resource and you’re under no obligation to factor. Get the knowledge and leverage you need to negotiate the best deal when financing your accounts receivable invoices for immediate cash!

Grow your business faster and increase your bottom line with factoring.

What’s best, Invoice factoring or MCA’ Merchant Cash Advance

If you break down the Merchant Cash Advance product, it’s limited in the dollar amount that can be advanced. Essentially MCA is a credit card with lipstick and driven mostly by calculated numbers and smart automation systems, not by lenders managing portfolios like a factor finance company or commercial lender.

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Frustrations arise with MCA lines of credit, because a borrowers’ business account will be debited daily in most scenarios for an agreed upon payoff in 8-14 months. Your business is wired a lump sum and as agreed a large number is debited by the financier each day to reach your agreed payoff/payback date of terms. Principal pay back is not flexible and needs to happen quickly.

With factoring the lending lines are typically not capped at around $200,000 like with MCA and rather can be in the millions. Factoring repayment tends to be a little more flexible too. Repayment happens when your customer (the debtor) pays the outstanding invoice, not everyday like with Merchant Cash Advance repayment.

Both Factoring and MCA are filling a working capital niche and both have higher interest rates when annualized than say a traditional bank loan.

If your business needs immediate working capital to keep the doors open and your facing hardship or even just need immediate capital to increase your business operations, then factoring your accounts receivable invoices could be a viable solution for you. A line of credit based on your merchant sales may also be a business financing solution you want to pursue. Regardless of which type of business financing you choose, visit www.factorbid.com to get a few competitive offers from finance companies.

When finance companies know they’re competing for your business, you’ll get a few competitive offers and can decide which finance partner is best for your business needs today.

 

The reality of coming up short -when the bills are due (business finance)

If you’re reading this, your business may be experiencing a cash flow problem. Maybe you’re business could be performing at a higher level, making more money with less effort and lower stress. Are you properly managing your business cash flow? Do you see more bills that are due then revenue that has been collected? This type of shortfall can effect the health of your business and even leave you feeling angry, unsure and frustrated.

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Accounts receivable represents sales that have not yet been collected as cash. When you sell your good and/or services to a customer in exchange for the customer’s promise to pay you at a later time, you’re leveraging your cash and business credit to extend terms to your customers. If your business normally extends credit to customers, then the payments of your accounts receivables are likely to be the single most valuable source of capital in your business.

What can you do to Better Manage your Company’s Cash Flow

To Properly manage your company’s cash flow, you must first analyze components that affect the timing of your cash inflows and cash outflows. By reviewing and analyzing key components within your business you can discover areas that leave cash flow gaps and may be costing you extra money from temporary solutions that don’t add up long term. Narrowing or even closing cash flow gaps for good, is the key to efficient cash flow management.

Important Components you need to Manage Include

Accounts receivable.  Accounts receivables represent sales that have not been collected in the form of cash. Businesses create an accounts receivable invoice after you’ve sold something to a customer in return for his/her promise to pay at a later date. To properly manage cash flow, you must realize the negative affects caused by the time it takes your customers to pay off their open-outstanding invoices.

Inventory. Inventory management is very important and describes the extra merchandise or supplies your business has on hand to meet the demand of current and even new customers. An abundance of inventory can hurt your cash flow by using up money that could be used to grow your business.

Credit term. Credit terms are the time limits you set for your customers promise to pay for the goods and/or services purchased from your business.

Credit policy. A credit policy is the formula you use when deciding to extend or not extend credit to a customer. Your credit policy should be used to make sure your cash flow doesn’t fall victim to a credit policy that is too strict or too generous.

Accounts Payable and Cash Flow. Your business accounts payable are monies you owe to suppliers that are payable or due sometime in the near future. Net 30-45 or sometimes even 60 days from the delivery acceptance date. Without accounts payable and trade credit you would have to pay for all goods and services upfront or at the time you agree to accept/purchase them. For efficient cash flow management you need to examine your accounts payable schedule monthly.

Worst Case Scenario

In the worst case scenario, unpaid accounts receivables will leave your business without the necessary cash on hand to pay bills, employees and daily expenditures. Late paying or slow-paying customers will create cash flow gaps and shortages, leaving your business without the necessary cash on hand to cover outflow obligations.

Fixing the Gaps in your Cash Flow cycle

Looking into partnering with a factor finance company will help dissolve any cash flow gaps. A factor is going to provide you funds within 24 hours of invoicing your customers, closing out any shortfalls or outstanding payments that are due.

The Factor finance company resumes the responsibility of collecting payments from your outstanding receivables so you can focus on running your business and generating new accounts to help drive more growth.

Accessing cash with 24 hours of invoicing customers can help define your predictable cash flow each month. You’ll have a good understanding of how much money you have on hand for purchasing, investing and efficiently operating your business. You’ll be able to reach benchmarks you’ve set faster, accept new customers with no hesitation and manage existing customers more efficiently.

I want the Best Factor Finance Company, Help me find one

All Factors finance companies are different. Some specialize in specific industries and are able to offer competitive rates within their fields of expertise. If you present your invoices to a factor that does not specialize in your specific industry, but may still be willing to help finance your invoices, you may not be getting the experience and best deal you could receive with a factor that better understands your industry. You don’t want to be the guinea pig in a factors attempt to wing their way through trying to finance invoices in an industry like yours that they know nothing about.

That’s where Factor bid comes in. Factor bid matches your business with the top factors in your industry, while getting you a few competitive offers at the same time. When factors compete for your business, you win! You’ll get the knowledge and leverage you need to negotiate the best deal with the right factors that specialize in financing invoices in your industry.

Factor bid is a free small business resource and only takes about 2-3 minutes to get you started in receiving competitive offers from the top factor finance companies. Get started today by visiting www.factorbid.com

or Download Factor App for your Smartphone

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Are your Accounts Receivables costing you money, you’ve earned the right to know!

Your outstanding accounts receivable invoices are assets. You can sell those assets to a Factor for immediate cash. Stop waiting 30-45 or even 90 days to get paid. Factor your invoices and get paid within 24 hours!

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Factor financing or (factoring) is one of the world’s oldest forms of business commerce, and today accounts for over $3 Trillion* in annual transactions. Factoring is widely use by small-medium and large businesses all over the world.

Benefits of Factoring

  1. Unlock cash tied up in receivables
  2. Back office / bookkeeping assistance
  3. Credit Checking of new potential customers
  4. Grow your business faster
  5. Financial backing

Those outstanding invoices that are sitting on your desk are actually costing you money! By waiting to get paid, you’re missing out on new business opportunity. You’re spending your time chasing and managing money you’ve already earned. Let the factor finance company do all that. They have the resources, they have the people sitting in their offices that specialize in accounts receivable invoicing and collections.

Instead of your customers using your money to grow their businesses exclusively (by paying you on terms in 30-45 days) factor your invoices and use the factors money to grow your business right along with your customers, and become more profitable together for years to come.

How do you find the Best Factor Finance Company with little to no effort

Check out www.factorbid.com -where you’ll get a few competitive offers from factor finance companies that are eager to buy your accounts receivable invoices today for immediate cash.

Factor bid matches your company with factors that specialize in your industry and are eager to earn you new business and buy your outstanding invoices.

When factors know they’re competing to earn your business, you’re going to get a better deal when factoring.

Take 2-3 minutes out of your day and visit Factor bid, submit one of your open invoices and within the hour you’ll be contacted by a few of the top factor finance companies eager to earn your business and finance your business assets (invoices)

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What would you do with more cash on hand to run your business?

You didn’t get into business to finance your customers (by waiting 30 days to be paid) while they continue to grow their business using your money. Getting paid for work you’ve already completed, within 24 hours after invoicing your customer opens up options that will help your business become more successful.

For example: More cash on hand enables you to buy supplies in bulk at a discount, hire additional employees to generate and manage new business relationships, helps cover daily/weekly expenses to keep your business on track and provides the opportunity for investments and securing new business deals that may have been impossible before.

Factors make money in fronting your business money on open invoices. It’s actually in their best interest if your business grows and becomes more successful – the more invoices you generate for goods and/or services delivered the more your relationship grows with your factor finance partner. Factors are going to help you streamline your Accounts Receivables by managing your invoicing and collecting payments in the most efficient way possible so you can focus on running and growing your business everyday!

Why do business owners Factor their receivable invoices

  1. Cash Flow – even if your business is profitable on paper, outstanding invoices can slow your growth potential and even cause you to loose business to more aggressive competitors that have ready cash flow to make more aggressive business decisions quickly.
  2. Unlimited Growth – You can accept all new business as quickly as your can acquire it. With access to cash, you really have no limits to how big your company can grow.
  3. Business Equity – If your company is still new, and lengthy bank loans are not an option right now, don’t liquidate your equity by desperately selling out to an investor before your company has reached it’s potential. Factor your assets (invoices) instead!
  4. Get Rid of Bad Debt – Checkout non-recourse factoring, which is a credit guarantee on your advance. Non-recourse can protect you from having to repay money personally if a customer does not pay.
  5. Lower Stress / Increase Productivity – focus on good things, growth and encouragement of new ideas within your business. Outsourcing your A/R Bookkeeping to a factor will put your mind at ease and help your business grow more quickly.

 

On the Go -check out Factor App for fast, simple factor financing. Get started in under 2 minutes!

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Absolute quickest easiest access to more money today by leveraging your invoices!

Absolute quickest and easiest access to more capital for your growing business.

Factor financing (using your accounts receivable invoices) to get immediate cash for your business. Factors buy your business receivable invoices and you get paid within 24 hours of invoicing your customer.

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Can your business use more cash on hand;

  1. to cover payroll
  2. buy supplies
  3. pay day-to-day expenses
  4.  buy new equipment, fuel, repairs and more

Your accounts receivable invoices are an asset and you can use them to increase your daily/weekly/monthly cash flow! If you wonder how competitors and other business affiliates are growing so quickly, you may want to take a deeper look into factor financing.

Below are some case studies of companies that are utilizing factor financing to grow and reinvent their businesses to keep up with demand from today’s ever-changing and evolving customer demographic.

Case Studies of business that are benefiting from factor financing today:

 

Example 1 – Great Customers that pay on time with excellent credit

A solar panel design and manufacturing company has low capital to cover day-to-day expense, but has strong customers with well established credit ratings and payment history. Although the company is profitable on paper, the company’s owner was tired of always having to bank roll short term expenses. Keeping track of all the advances the owner was personally making to the company, and then getting paid back was messy.

The business owner discovered factor bid and was able to get a few offers from the top factor finance companies to buy his accounts receivable invoices for immediate cash. Now the owner is relaxed and his business is more secure with the professional help of the factor for collecting receivables. He now spends most of his time focused on new business accounts and his sales team’s performance and return on investment.

Example 2 – Supplier of Computer Components runs into a cash flow pinch:

A supplier of mobile phone components imports and resells their product to a variety of U.S. based customers. Their forward thinking in bulk purchasing and niche product in an evolving market has lead to significant growth.

As a growing company with a lot of overhead, restricted access to capital and/or line of credit was making it difficult to take advantage of volume order discounts. A flexible invoice factoring arrangement provided a much needed solution that significantly increased the company’s ability to operate, resulting in a jump in quarterly and annual profits.

After factoring for 24 months the company realized it had enough capital to cover purchases but didn’t necessarily want to end their relationship with the factor finance company.  The predictable cash flow they’re able to have by partnering with a factor enables them to be more aggressive and focused on strategic alliances and new growth. They figure, if they fee they are paying the factor to get their money 65 days sooner is costing them less than the profit they’re making from having their money 64 days sooner then why would they stop using the factors money to make money.

This scenario doesn’t work for every business, but it will for most. If your business is making more money than it’s costing you and your profits are climbing, then you’re doing something right and your most likely on your way to increasing your market share and beating our some of your competitors competing for the same business and customers.

Example 3 – A Company is downsizing with the need for finance alternatives

A manufacturing company needs to change it’s business model to keep up with the modernization of delivered products in their industry. Customers promise to keep buying and support the change to ultimately increase sales by reaching new customer demographics while updating their existing customer buyers with more modern products.

The move by management requires the financing for new equipment, additional employees, training and materials that will ultimately squeeze the company’s cash reserves.

The answer is to unlock cash that’s tied up in their accounts receivables for 90 days or more. Once they put the right arrangement in place with their new factor finance partner, they were able to quickly unlock cash that’s been sitting around in their receivables. The company is now highly profitable and attracting new customers on a global scale.

Example 4 – Technology Company

A technology company redirected their team of engineers and developed a new, easier version of their existing product. They also updated their business plan and brought in some new employee talent.

After 16 months of losses and the recall of a bank loan, the company was short on cash and unable to secure another bank loan or source of lending capital. However, orders were climbing and the product’s sales cycle was shrinking which pointed to an increase in positive growth.

The company discovered factor financing, and were able to increase cash flow, allowing the company to strengthen vendor relationships and concentrate on sales instead of collections. After 30 months of factoring invoices for immediate cash, the company is now profitable and attracting large bids of private money for a new growth cycle.

Example 5 – Call center business growing “too fast”

A call center that specialized in handling calls for a rapidly growing computer software company who’s software sales and database was growing exponentially. The call center was able to generate a 40% return per employee after 3-5 months but needed additional working capital to hire more senior staff for training, management and facilitation of all the new customer accounts. The company also had substantial contract in place for additional call services, that would require them to double their staff and working space in the next 3 months. This would result in a huge payroll increase and cash flow requirement right away.

This is a classic example of the need for immediate working capital to grow your business quickly. After reading a blog they found online the company wanted to try factoring their receivables to help liquidate cash tied up in invoicing current customers. They then googled how to find the best factoring company and discovered factor bid.

Factor bid got them a few offers from aggressive factors that were eager to earn their business and take part in their rapid company expansion and growth. Today the company has over 150 call center representatives and services some of the top software companies in the western United States.

If you’re business needs help unlocking some or all of the money tied up in your accounts receivables, then visit www.factorbid.com to get a few competitive offers from competing factor finance companies. Don’t wait 30,45 or even 90 days to be paid, get paid as soon as today!

Is your business on the Go! Download Factor App for your Smartphones

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Factoring (invoice finance) what is it and how to get the best deal

Accessing business capital for businesses of any size can be a stressful undertaking. Traditional bank loans can take weeks even months to become available, and even alternative lenders may charge high interest rates for the convenience of fast cash.

When it’s all said and done getting access to ongoing business capital to run your business can be challenging. If you take into account all the paperwork and time involved in setting up a relationship with a traditional lender, not to mention -it may take months before you even get an answer of whether or not you’re approved.

If you’d rather not have to wait and go through all the hassle of traditional loans and le, you may want to consider factoring (invoice financing).

WHAT IS FACTORING

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs. (see full details at wikipedia)

Factoring is an alternative method of financing that allows business owners like you to sell your invoices, aka your accounts receivables for immediate cash!

HOW TO GET THE BEST DEAL

If you’ve made up your mind and are ready to start factoring your invoices for immediate cash, visit www.factor.bid to get started. At Factor bid -factor finance companies compete for the opportunity to buy your invoices. You’ll get a few offers from the top factor finance companies. When factors compete to buy your invoices, You Win!

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Not all factors are created equal. Different factors specialize in specific industries, and can’t always give you the best deal in your industry. Trying to locate a few factors online that do specialize in your industry is time consuming and can be a frustrating experience.

Factor bid quickly matches your submitted invoice with a huge database of factors that specialize in your industry. You’ll be contacted by a few of the top factors with their most aggressive offer. With Factor bid you’ll get the knowledge and leverage you need to negotiate the best deal when choosing your new factor finance company.

When factors know they’re competing to earn your business (factor bid) they’re going to give you a competitive offer when offering to buy your invoices. Factors want your ongoing business for as long as you need cash flow to grow your business, cover daily expenses, cover payroll, buy supplies and even invest in new business opportunities. If you contact a factor on your own by calling them or filling out a form on their website, you’re only going to receive one offer, instead of a few competitive ones!

Having access to cash within hours of invoicing a customer is a smart business practice. Even if you don’t need cash now, get set up with a factor so when you do need it, you can get paid immediately and access your cash, instead of waiting weeks or even months like you would have to with traditional bank loans.

HOW FACTORING FUELS GROWTH

Business owners with capital tied up in large purchase orders can benefit from factoring. For example -If your business doesn’t have cash to purchase supplies needed to fill an order or money to pay the employees salaries to fill new orders, then factor financing can help. If your outstanding invoices are making it difficult to keep up with new orders and even putting your growth trajectory at risk, then find out how factoring your invoices for immediate cash flow can help keep your business on the track.

Factoring your open receivables will unlock cash trapped in your invoices. You’ll also receive help from factors in simplifying your accounts receivable process. There is no collateral required to work with a factoring service, and the factor uses your customers credit rating and payment history, not yours. So if you’re a new business and are thinking you won’t qualify for financing with a factor, you’re wrong. Factors use your receivables (which are an asset) in order to get your the cash you need to make important business decisions today. Stop waiting 30, 45 or even 90 days, get paid as soon as today!

CONCLUSION

Factoring may not be the right fit for your business. However, if your day-to-day operations are suffering due to large cash flow gaps from outstanding invoices, then the option of getting a few offers for your receivables should be considered.

When you use Factor bid to connect with factors that specialize in your industry, you’re under no obligation to factor. You’ll get a few competitive offers from factors that are eager to earn your business. You decide if the offers are right for your business and then use the competitive offers to negotiate the best deal when accessing immediate cash for your business.

You want to work with someone that you trust and is transparent. The best way to do this is to use Factor bid. When factors know they’re competing for your new business, they’re going to be more likely to give you their best offer right out of the gate, because they know if you’re using Factor bid, you’re getting competitive offers at the same time.

It’s important that you view factoring as a financing strategy conducted over a period of time. Within this time, realize that factoring can help your business expand or recover while achieving long-term goals. The potential downside to any source of financing is that the fees may add up over time, and end up being more expensive than a traditional bank loan; that uses your home or some other large asset as collateral. However the higher cost upfront, may be worth it for immediate access to cash you need to secure new customers, cover business expenses and pay employees that are working to make your business more profitable. It may also be worth it not to use your personal savings and/or assets, like your home as collateral. Factoring your invoices don’t require any form of personal guarantee and may be just the solution to help your business reach the next step in your growth plan.

FACTORING TYPES YOU SHOULD KNOW

There are two classifications of factor finance services:

Non-Recourse factoring: NonRecourse factoring releases the business owner from liability for delinquent receivable accounts. In a non-recourse agreement the factor is taking on more responsibility and legwork in collecting outstanding owed receivable money. This type of factoring requires more attention to your account, more in-house and outsourced resources they may need to use to collect the debt, therefore is more costly. Also the creditworthiness of a business’ clientele will be more closely scrutinized in nonrecourse factoring.

Recourse factoring: Recourse factoring is the most common type of factoring today. Factors fund your invoices but require you t provide a refund on any invoices that remain unpaid past a certain amount of time, that they have fronted you money on. Since the business owner assumes the risk with recourse factoring, there is a wider range of more competitive rates and a lower cost to you to access immediate cash as needed for your business.

Bottom line is, business owners want to get paid for their work right away. The job isn’t considered complete until the customer has paid the invoice and the check has cleared the bank. So to keep your cash flow predictable and your stress levels low, visit Factor bid, submit an open invoices from your business and within the hour you’ll have offers from the top factor finance companies, eager to buy your invoices.

Once you’ve selected the best offer from the factor finance company that best fits your needs today, you’ll have a savvy partner (factor finance company) that will help you streamline your accounts receivable collection process, check the credit of new potential customers you’re considering doing business with and access to cash within hours of invoicing customers.

Get going on increasing cash flow for your business today, Get Factor.bid

Is your business mobile? Download Factor App and submit your accounts receivable invoices via your Smartphone or Tablet.

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Which is the best factor finance company for my business?

Factoring your accounts receivables can open your business up to much needed cash flow. A factor finance company will buy your accounts receivables at a discount (from their face value) for immediate cash. You can get up to 95% of the face value of your invoice within hours of invoicing your clients.

How do you find a factor finance company that can service your industry. Not all factors service every industry. Some factors specialize in specific industries.

SOLUTION: Factor Bid

Factor bid matches business’ with factor finance companies. You’ll get a few competitive offers from competing factors to buy your accounts receivables for immediate cash.

The best factoring company for your business will depend on the unique characteristics of your business and most important your specific requirements. For example; are you strictly looking for the lowest rate? If yes, then recourse factoring may be your best option. If you’re looking for back office ‘bookkeeping’ assistance and to lower your liability on collecting your open receivables, then non-recourse factoring may be your best option.

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Visit www.factorbid.com to get a few offers to buy your invoices for CASH!

The main aspect of any factoring company’s proposition is the structure of their facility, service offering and pricing.

Structure of a facility:

It’s important that the facility is structured to meet your business needs. Some lenders may not be able to structure a facility to meet your specific needs. That’s why it’s important that you get a few offers from competing factors within your industry. Not all factors will be willing to work with you once they run their in-house liability equation. This equation has a lot to do with risk vs. reward, the amount of risk they have to endure before they receive a suitable reward.

Service Levels:

Service levels may fluctuate from factor to factor. It’s hard to gauge the type of service performance you’ll experience before committing your company to a 12 month agreement. This is another reason to use factor bid to find the right factor finance company for your business. Factor bid personally on-boards each and every one of our participating factors. If we’re made aware of any  negative feedback from business owners, we reach out to the factors personally to see what the issues may be. Often times a little constructive criticism from a third party such as ourselves, help communicate and solve underlying issues and even prevent new ones from occurring.

Pricing of your factor finance facility:

In order to maximize your profits, you obviously want to minimize costs! It’s important not to sacrifice structure and service levels just to get the cheapest price. You may feel you are saving money, but if the service levels are so poor the small amount of savings may end up costing you more over the long run. Instead, use factor bid to get competitive offers at the exact same time, so you get the leverage you need to negotiate the best deal.

When factors know they’re competing at the exact same time for your business, they’re more likely to give you their most competitive offer upfront. Try factor bid today for free! You’re under no obligation to factor, however when you find how beneficial invoice financing is for your business, you’ll be glad you spend 2-5 minutes of your time to submit an invoice at factor bid.

Is your business mobile? Grab Factor App for factor financing on the Go!

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Alternative financing, such as invoice financing on the rise as the economic downturn forces banks to tighten their lending options.

Alternative financing, such as invoice financing on the rise as the economic downturn forces banks to tighten the standard lending reigns.

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Business owners are looking for a more cost-effective substitute to merchant cash advance lines, which are coming under increased scrutiny from regulatory authorities within the U.S. and abroad.

Visit Factor bid to get a few offers to buy your Accounts Receivable Invoices from the top factor finance companies.

Top 5 reasons to think about invoice financing:

  1. Access to cash is fast. The speed and simplicity in which you can increase your business cash flow is unmatched by traditional lending options.
  2. The advance rate is flexible – which means you can get a lot of your cash upfront that is trapped in your accounts receivable invoices.
  3. No long term contract, fixed discount rate for each invoice, no hidden fees can all be negotiated when selecting the right factor finance partner for your business capital needs.
  4. Use as you need service. Factors can fund all your invoiced customers or only specific accounts you agree to. Their position is flexible, which makes it easy for your business to start a partnership and start benefiting from a factors bookkeeping experience, knowledge and consistencies.
  5. When you decide to factor finance your receivables, you’re dealing with the decision makers all the way through the experience. Factors tell you what they can do, depending on several variables like; your clients credit, your annual revenue, the cost of money lending today, etc.

As traditional financial institutions begin to “pull back” from actively lending new money, it’s important for your business to prepare a safety net to ensure predictable cash flow. Insure your receivable money by partnering with a factor finance company so you get paid within 24-48 hours of invoicing customers. Don’t wait 30,45 or even 90 days. Lower your company’s liability today, by factoring your receivables.

To get access to working capital financing and credit-risk protection, go to www.factorbid.com and you’ll get a few competitive offers to buy your accounts receivable invoices, from the top factor finance companies in your industry. Get factor bid and get the power and knowledge you need to negotiate the best deal when factoring your outstanding invoices for immediate cash!

 

KISS principle “Keep it simple, stupid” – all benefits of factor financing (invoice finance) from Factor Bid

“Keep it simple, stupid” the KISS principal when it comes to your money! Don’t wait 30,45 or even 60 days to get paid for your outstanding accounts receivable invoices, get paid as soon as today!

When it comes to factoring (invoice finance), the sky’s the limit concerning all the benefits.  Mainly due to the question, “What are you going to do with all YOUR money you now have access to?” Let’s clarify, it’s your money and always was.  You already completed the job. Your client has the bill/invoice.  You are just waiting for the payment that you already earned.  This is important to wrap your head around.  When you factor finance, you are NOT applying for a loan!  You are gaining access to the cash that is trapped in your accounts receivable invoices and is owed to you for a job well done.

I’m ready to get a few offers for my invoice from competing factor finance companies – Let’s Start!

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What would your business look like if you were paid the SAME DAY for the products/services you provide?  What would it look like if you had the money in your checking account the next day, instead of having to wait 30 plus days?  How many people could you hire?  How many new trucks, supplies or necessary equipment could you buy to help grow your business faster?  What if you were not biting your nails on a Thursday ANYMORE when thinking about how to pay your employee’s on Friday?  Now, I am just talking about one invoice.  What if you are processing/billing 10, 20, or 30+ invoices a month…and waiting for the checks to arrive in the mail?

Ask yourself:  “How much MONEY is locked up in someone’s Accounts Payable (A/P) that you’re not accessing to pay your own bills?”  When you signed up to own your own business and create an amazing product/service, you didn’t intend on being the bank or finance company of all your customers, did you? Dream the dream.  What would your business look like if you were paid same day?  What would that be worth to you?

Apart from all the benefits above that specifically apply to your dreams, line of business, and how you want to grow your company, factoring your open accounts receivable invoices also does the following:

  1. Eliminates bad debt – As you will have no more bad debt, because you – smarty pants- will ALWAYS get paid for a job well done, you can eliminate this expense from showing its ugly head on your income statement.  That’s awesome!
  2. When you partner with a factor finance, you are partnering with an experienced company who now helps you manage your accounts receivable invoices.  No more collections process for you! No more expensive ‘collections outsourcing’ or lawyer retainer fees to deal with.
  3. The sky’s the limit!  You now have access to unlimited capital.  The more you grow, the more financing becomes available.  You love the factors and they love you.
  4. As factoring is NOT a loan, you will not be incurring any debt.  That’s right!  No debt. This frees up your balance sheet and keeps it healthy for when you want to obtain other types of financing or sell your company.
  5. Factors know that time and money go hand in hand.  They want to get you money fast and make the process as seamless as possible.

 

So, what are you waiting for?  Whether you have $5,000 or $120,000 of open accounts receivable invoices sitting on your desk, factoring can provide you the means to run your business like never before.  
Simply, go to factor.bid to begin a FREE and NO OBLIGATION journey into the world of factor financing.  Once you upload an open invoice, you will have up to three factor financiers call you, eager to earn your business.  Factor bid gets you competitive offers from the top factors in your industry that are looking to buy your open invoices today! Sit back and let the offers come in.  It’s probably the easiest and best decision you’ll make today!

GO MOBILE – Factor App in invoice finance on your Smartphone!

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