Grow your Small Business with financing help

How to grow your small business. Small to Mid-Sized Businesses are always looking for strategic ways to grow and become more profitable.

A good rule of thumb, make sure you have your capital contribution locked down as one of your very first preparation steps.

Funding can come from a variety of sources, including personal funds, a bank, outside investors and your accounts receivables.

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The First 3 Funding Options You’re Most Likely Already Familiar With:

  1. Personal Funds – Reach into your savings to fund your business growth, hire employees, cover day-to-day expenses and so on.
  2. A Bank – Drive down to your local bank, fill out paperwork and wait to see if you qualify for small business financing.
  3. Investors – Work up a business plan, executive summary, proforma, 5 – year profit and loss projections and start shopping your idea around to potential incubators and/or angel investors.

But number 4 you may not be as familiar with. Using your accounts receivables (money your customers already owe you) to finance your business growth. Get paid faster by reinvesting your earnings sooner with invoice financing.

Invoice financing has been around forever it seem, and small startups to huge companies like Snapple use invoice financing to increase their daily working capital and grow their businesses more quickly.

How Does Invoice Financing Work?

It’s pretty simple really. You invoice your customers for payment, and typically they send you a check within 30-45 days. What if you could instead invoice customers and get paid within hours! With invoice financing you can!

Invoice financing uses assets from your business (your accounts receivable invoices) to get your business immediate cash flow to hire additional employees, afford business expenditures, cover payroll, service new accounts and keep your business competitive in your industry.

If you’re not utilizing your invoice receivables as assets and your competitors are, they may be getting a leg up on you by affording them an opportunity to service new larger customer contracts and extend terms to those larger customers.

Don’t be forced to use your own profits to fund your customers business growth when offering net-30 to net-45 terms, instead use an invoice financing company and their money to fund your terms and strengthen your customer business relationships.

An invoice finance company will buy your invoices for immediate cash, so you get your money immediately and can reinvest in growing your business faster instead of waiting for payments while your customers use your profits to grow.

If you’re comfortable with the idea of selling your accounts receivable invoices for a small discount, in order to get paid immediately, then you should explore the benefits of invoice financing.

Get A Few Offers To Buy Your Accounts Receivable Invoices For Cash!

It’s recommended that you get a few offers when deciding which invoice financing company is right for you. You can visit www.factorbid.com and within a few minutes, you’ll have a few competitive offers from invoice finance companies to purchase your accounts receivable invoices for immediate cash. Factor Bid is free online business resource that you can use to get competitive offers from finance companies. You’re under no obligation to use any of the companies competing for your business. Factor Bid is completely free.

Get the knowledge and leverage you need to negotiate the best financing deal for your growing business at Factor Bid.

On The Go – Grab Factor App For Fast Invoice Financing Offers!

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Hold my check.. I can’t live like that

Cash flow is king. You need immediate access to money to run your business successfully in today’s uber competitive business world.

Capital tied up in your accounts receivable invoices in bad for business. The simple answer is Factor Bid.

www.factorbid.com

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  1. Submit your invoices at Factor bid website
  2. Submit your invoices using Factor App
  3. Complete your custom online application

Factor bid is fast and secure. Get a few competitive offers to buy your open accounts receivable invoices for immediate cash!

When Factor Finance Companies Compete, YOU WIN!

Simple Benefits of Factoring Invoices

  • Increase cash on hand
  • Pay off debt, taxes, payroll tax and suppliers
  • Cover employee paychecks
  • Build your company credit faster
  • Bookkeeping assistance
  • Grow your business faster and stay competitive

ps. happy fathers day to all you hard working dads!!

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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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!

 

How to fund your small business using assets you already have. Accounts receivable invoice factoring.

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How to fund your small business using assets you already have. Accounts receivable invoice factoring. Don’t wait 30-90 days, factor your outstanding receivables and get paid as soon as today.

  • Increase Cash Flow
  • Cover Payroll
  • Pay Business Expenses
  • Reduce Company Liability
  • Grow Your Business Faster
  • Stay Competitive Within Your Industry

HOW TO FUND YOUR SMALL BUSINESS?

Starting your own business for the first time can be quite similar to being a first time parent.  You are so excited the baby is coming.  You went to all appropriate doctor’s appointments, guessed at the sex of the child, painted a nursery, and even had a baby shower garnishing the support of family and friends.  Delivery time:  The baby is born.  You love the child the minute you laid eyes on him/her.  This baby is yours and you are the one entrusted to its care.  From day one, it is apparent the infant can do absolutely nothing on its own and you are the sole provider to help it grow.  Sure, there are family and friends around to help, but the brunt of raising the child is yours.  Within one month, you are sleep deprived, your thoughts consumed by the responsibility you must diligently undertake (with love).  It is worth it.  You love this child and they love and depend on you to nurture it.

Isn’t this much like our first experience of starting our own business?  You begin with this seed of an idea.  It begins to grow into a business model and you believe that with the right conditions, this small business could really flourish.  You visit the small business borough in your local area, purchase some books on starting your own business, bounce the idea off of family and friends hoping to gain support, and take the step to register your business name with the local and federal government.

Then it happens:  HOW TO FUND YOUR SMALL BUSINESS?

  • Scenario 1:  You are providing a product/service by yourself and do not have the time to do the work AND generate new clients AND work the office.
  • Scenario 2:  You have a plethora of clients that want your product and want it now.  You are a one to two man show and simply cannot fill the volume.  You need more people to handle the workload, but it is a big risk.  What if you are not paid for your product/service on time and now have to pay staff with funds that are locked up on some customer’s desk for work you already delivered?
  • Scenario 3:  You NEED the equipment or manpower necessary to take your business to the next level.  Where are the funds going to come from?  How are you going to afford it?  You already have quite a bit of money invested in other assets.

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ACCESS YOUR CASH!!!!

Do you know that you can get paid NOW for money owed from your open accounts receivable invoices?  What would your business look like if you had access to the money you need?  Right when you need it!  Why incur more debt? No one wants more debt on their books, like you get with traditional lending sources like bank loans and/or a line of credit!

How Does Factoring Build My Business?  

Factor finance companies are eagerly looking for small business owners like YOU to pay you cash TODAY for your open (outstanding) accounts receivable invoices.  That paper on your desk…yes…the one you have been staring at for the past 60 days…IS WORTH MONEY!!!!  You have the golden ticket right in front of you. Go to www.Factor.bid and submit your invoices now to get paid as soon as today! Simple, Fast Invoice Finance. 

HOW DOES FACTOR.BID WORK?

We are SOOOOOO glad you asked!  Factor.bid matches small business owners, LIKE YOU, with factor finance companies that want to buy your invoices for immediate cash.  Cash that is available within 24 hours!!!  You submit one of your open invoices (it’s easy: snap a picture, using Factor App, or upload a pdf copy), and within a few minutes you’ll have offers from the top factor finance companies in your industry to buy your accounts receivable invoices.

PLAY THE GAME!!!

Enjoy yourself.  Have fun!  Enjoy the game and play your cards well.  Only pick the best hand offered.  Put on your poker face!  Check out the hand of the guy next to you, and let the other player know what it was!  See if they are willing to provide you with better terms.  All the factor financiers know you are going to get paid for that open accounts receivable invoice sooner (with them) or later (on your own).  They want you to get paid SOONER!  And, they want to help you do it!

FOLD

If you are not confident of the hand dealt to you- FOLD!  You are under no obligation to play the game.  Just don’t ante up.  Fold and walk away.  You are free to decide whether their offer is right for you and your business.  Maybe this is the first time you are trying your hand at the game?  You tried it!  AND liked it (we know you did)!  Now you want to go a few more rounds to gain the confidence you need to make the best informed decision, and go with the factor financing option that is right for you.

HOW MANY OUTSTANDING ACCOUNTS RECEIVABLE INVOICES CAN I SUBMIT?

As many as you have sitting on that desk of yours collecting DUST AND NOT MONEY!  Send 1 to 1,000!  Remember:  Any open accounts receivable invoice is YOUR MONEY ALREADY EARNED that is UNAVAILABLE to use for your important business expenses.  It is nice to feel important and loved.  So, while your Accounts Receivable Administrator is feeling unloved and unappreciated by clients that are NOT PAYING YOU, these factor finance companies appreciate your hard work!  They LOVE that you completed your job!  They love that you are successful!  They want you to continue to be successful and grow!  THEY WANT TO HELP YOU!  They want to call, talk to you, partner with you, and UNLOCK THOSE FUNDS!

ADDED BONUS

There is a bonus round to this game.  Once you accept an offer of a factor financier, they will actually call the companies on the open accounts receivable invoices who are holding on to your cash and give them a friendly reminder to pay you.  As the clock ticks, they will continue to partner with you to get those funds released.  Now your Accounts Receivable Administrator is free to do all the other work that is piling up on their desk.  Your clients know you have a partner helping you get payments in a timely fashion.

So, go to Factor App and snap that picture or upload a PDF copy of an accounts receivable invoice.  Marvel as your small business grows from infancy, childhood, young adult, and onto full maturity.     

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