60 percent of apps have never been downloaded

Do you know the staggering number of apps submitted to the app store each month? The numbers are huge! Even more astonishing, on average a whopping 60 % of apps have never been downloaded. That’s a lot of clutter filling up you search queries.

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When branding your app it’s important to consider how your app will appear when your customers are searching. How easy will it be for your customers to find your app. Will they need to scroll through hundreds of different apps before they find  your app? If that’s the case, whats to keep them from downloading a competitors app that appears in front of your app in search results.

Check out Factor App as an example. Search Factor App in your app store to see how branding your app strategically gets your app seen first when your customers are searching.

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Do you have a Facebook Business Page? Get it verified. See how below!

How great would it be to have YOUR business verified by Facebook?

  • Receive the Checkmark verification icon on your business page
  • Show up higher in search results
  • Show up first when consumers are using the Facebook search bar

    Verified Pages have quite a few perks, so why not get your business page verified today!

Follow these easy to do steps below. Simple, fast and good for your business.

Step 1: Click ‘Settings‘ in the upper right corner (see below)

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Step 2: Click Page Verification – ‘Edit’ from the drop down list (which is selection #3) from the top down. (see below)

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Step 3: Click ‘Verify this page‘ (see below)

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Step 4: follow the instructions within the Pop-up (see below)

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Step 5: If you elected to verify via your business phone number, Facebook will call you. ‘Enter your verification code’ from the phone call (see below)

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Step 6: Once entered; ‘Your page is under review’ (see below)

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Step 7: Once verified; you will see ‘Page is verified‘ (see below)

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This new feature makes it easier for local business pages to gain trust with consumers and fans.

This helps with duplicates and multiple entries for the same business. Businesses can make it easier for people to make sure that they are finding and communicating with the right Page and know they are doing business with exactly who they want to.

Additionally – Local page owners could also verify with a business document, so long as the official document has the company’s name and physical address.
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Download Factor App

If you have a business that deals with accounts receivable invoices; Download Factor App to get the most money when Factoring your invoices!

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Download Factor App – Get immediate cash and the best deal for your Invoices today!


Even when running a profitable small business, cash-flow issues arise, especially if you’re customers pay for goods and services over 30-90 days instead of immediately.

One way to solve cash-flow problems is with invoice factoring, where you turn your unpaid invoices into immediate cash. But like every financial product, invoice factoring has it’s pros and cons and may not be a good fit for your small business.

Overview of invoice factoring

Invoice factoring is a financing option for business-to-business (B2B) companies that need help managing cash flow due to slow-paying customers. Factoring enables your business to convert its account receivables — money owed by your customers — into immediate cash.

Invoice factoring is technically not a loan. Rather, you sell your invoices at a discount to an invoice factoring company in exchange for a lump sum of cash. The factoring company then owns the invoices and gets paid when it collects from your customers, which typically occurs within 30 to 90 days.

Let’s say you own a Logistics transportation company, creating thousands of dollars a week worth of accounts receivable invoices. Most of your customers agree to pay off their invoices within 30-45 days, but you need immediate cash to pay employees, buy diesel fuel and other daily expenses, creating a cash-flow shortfall.

You could turn to a traditional banks for a loan, but it requires collateral (a physical asset, such as real estate, which can be sold by the lender if you default) and high personal credit score. Or maybe you qualify but don’t have time to wait several months for the loan to close.

So you turn to an invoice factoring company, and the factor agrees to buy your invoices for $9,700 in cash, less a 3% factoring fee ($300). The invoice factoring company then advances 85% (or $8,245) of the invoice within a few days (although the actual size of the advance will depend on numerous factors, including the total amount of the advance, the age of the invoice and the customer’s creditworthiness). The factoring company then collects the invoice when it’s due and advances the remaining balance owed to you ($1,455).

The factoring fee, also known as a discount rate, can cost anywhere from 1% to 5%, depending on the invoice amount, your sales volume, your customer’s creditworthiness, and if it’s a recourse or non-recourse factor.

If the contract is a recourse factor and the customer doesn’t pay, you may have to buy back the unpaid receivable from the factoring company or replace it with a more current receivable of equal or greater value. If it’s a non-recourse factor, you’re under no obligation to repay or replace the unpaid receivables, but you’ll likely be charged a higher transaction fee because the factoring company takes on the added risk of not getting its money back.

Reasons to use invoice factoring

  • Fast cash: Invoice factoring can provide immediate working capital to help cover a funding gap caused by slow-paying customers. You then have the freedom to pay your bills, meet payroll demands, buy equipment and grow your business. Factoring enables you to focus more time on your business and not chasing customers for overdue and/or late payments.
  • Easier approval: Invoice factoring provides financing to companies that might not be able to get capital from other sources, such as traditional banks, due to a lack of collateral for a loan, poor personal credit, or a limited operating history. Invoice factoring companies typically only care about the value of the invoices you are looking to factor, as well as the creditworthiness of the customers.

Things to look for when invoice factoring

  • Costs: You have to watch out for hidden fees, such as application fees, a processing fee for each invoice you finance, credit check fees or overdue fees if your client is past due on a payment, which can increase your APR.
  • Reputation: Because the invoice factoring company collects on the invoices directly from the customer, you need to make sure it’s  handled professionally.
  • Dependence on customer’s credit: The factoring company may need to verify the creditworthiness of your customer. If the customer has a history of late or missed payments, you may not be approved for the financing.

Alternatives to Invoice Factoring


Invoice financing, also known as discounting or accounts receivables financing, is a bit different than factoring in that you aren’t selling your invoices to a factoring company. Instead, you use the invoices as collateral to obtain a cash advance and you are still responsible for collecting the invoice amounts yourself.

  • Improve cash flow: Just like invoice factoring, it allows you to keep loyal customers on longer payment terms. This feature can improve your cash flow and help you grow your business.
  • Maintain control: You keep control of your accounts receivables and the collection of payments. This is likely a better option for business owners who prefer to handle collections themselves. Because you control your accounts, it’s likely your customers won’t even know that you’re borrowing funds against the invoices they owe you.
  • Credit score not as important: Invoice financing companies care more about your business and the creditworthiness of your customers than your personal credit.


A receivables-based line of credit is another invoice financing option for small-businesses. This is a short-term line of credit that is secured by the borrower’s unpaid accounts receivables. It’s structured as a credit line instead of a purchase of your accounts receivables.

Borrowers should understand that a line of credit isn’t like your standard loan, where you get one big cash advance of funds that you need to repay monthly. Instead, it works like a credit card: You get access to a sum of money and you borrow and repay it as you like.

Most credit lines only charge interest on the money you’ve actually borrowed. However, the credit line may come with an end of draw date when you’re no longer able to borrow and you must repay the outstanding balance in full at that time.

  • Flexible: A line of credit can provide you with the financial flexibility to manage cash flow and run your small-business. You have access to cash that you can borrow and repay as needed. This can help you better manage cash flow or unexpected expenses.
  • Maintain control: You maintain control over the relationship with your customers and will remain responsible for collecting invoices.
  • Low cost: Asset-based line of credit costs 10% to 25% APR plus the prime rate (3.5%), making it less expensive than your invoice financing and invoice factoring options.
  • Variable rate: Lines of credit usually carry a variable interest rate, which means your payments can rise or fall depending on the prime rate. However, this will depend on each lender, and a fixed-rate option may be available.
  • Secured by receivables: Because the receivables are used as collateral for the line of credit, if you can’t repay the line of credit, you will likely have to forfeit these assets, although this will depend on the lender you choose.


Invoice factoring and invoice financing are suited best for established B2B companies that have reliable yet slow-paying customers, which results in a high accounts receivable balance and/or a funding shortfall. These can help immediately to add working capital by utilizing your business accounts receivable assets.

Get the best deal when Invoice Factoring

You can shop your accounts receivable invoices using Factor App. Download Factor App to get the best deal for your invoices. Just like any financial product, it’s important to shop around and compare lenders to get the best deal. At Factor App, Factors compete to buy your invoices, so you get the best deal!

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Turn Accounts Receivable Invoices Into Immediate CASH – Factor App


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Factor App – Fast, easy factoring using your Smartphone!

Download Factor App to SHOP your accounts receivable invoices for the best deal! (Factors compete to buy your invoices)

“If you’re not shopping your invoices, you’re loosing money!”

for iPhone – Download here

for Android – Download here

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Are you thinking about factoring your accounts receivable invoices for cash? Use Factor App and make ’em compete for your invoices!

Factor.bid – Where factor banks compete to buy your invoices.

Turn Invoices – Into CASH

It’s easy:

  1. Download Factor app
  2. Snap a picture of your invoice or upload an invoice as PDF file or picture file
  3. Click submit, and within a few minutes you’ll have competitive offers to buy your accounts receivable invoice.

If you’re not shopping your invoices, you’re loosing money!

Factor App “Get paid as soon as today!”


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Why is factoring your accounts receivable invoices good for business? Under-capitalized businesses struggle to pay bills on time, retain good employees and stay competitive. Factor finance your receivables today!

Business is competitive today! If you’re acting as the finance entity for your customers, by caring their slow paying invoices for 45 to 150 days, your business may eventually be in trouble. Your business needs predictable cash flow to pay bills and stay competitive.

Technology is moving along much faster than in the past. Your vendors, partners and customers expect your business to keep up, get ahead otherwise you’ll be left behind!

Waiting 45-150 days to get paid for services you’ve already finished is bad for business. So what can you do?

You can Factor your invoices by Downloading Factor App to get;

  • Immediate cash for your accounts receivable invoices
  • Factors compete to buy your open invoices
  • You get the best rate and terms, which means more money in your pocket, fast!

Why should I factor?

Factoring is not a loan – by using Factor.bid you are utilizing your business assets “accounts receivable invoices” to get paid fast.

Under capitalized businesses miss out on new opportunities with existing customers and the chance to secure brand new customers. Have you ever wondered how some of your competitors continue to grow larger -year after year?

Factoring your accounts receivable invoices puts cash in your pocket you need to finance your business expansion, cover day-to-day expenditures and pay your employees. Factoring your receivable invoices will help put cash in the bank so you can hire new employees, bid on future contracts, buy new equipment and stay competitive in your industry!

Don’t let your competitors put you out of business because they’re able to grow at a faster pace and take over more of your industry; stay competitive and discover how businesses have been growing for years by factoring their asset based accounts receivable invoices.

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We match you with the top Factors in your industry. Get the leverage you need to negotiate the best deal when factoring, get Factor App!

Industry Invoice Types

  1. Trucking & Freight
  2. Construction
  3. Healthcare
  4. Media
  5. Production
  6. Manufacturing
  7. Staffing
  8. Payroll
  9. Oil & Gas
  10. International Factoring
  11. Wholesalers
  12. Tech
  13. Service Providers
  14. Security Guards
  15. Medical Transcription Services
  16. Pallets
  17. Distributors
  18. Importers
  19. Government Contracts
  20. Apparel
  21. Consulting
  22. Janitorial
  23. Automotive Supply
  24. Machine Shops
  25. Cable Sales/ Installers
  26. Wine and Spirits