Online Business Finance Marketplace – Increase your Business-Cash-Flow today!

Are you facing cash flow gaps in your small to mid-sized business? Turn your business assets (invoices) into immediate working capital. Get Cash for your invoices by 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.

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Don’t wait 30+ days to receive payment, unlock cash that’s trapped in your accounts receivable invoices. Start factoring and get paid within 24 hours for invoices.

Get Started:

Go to Factor Bid – click the Get Started button and within the hour you’ll have factor finance companies competing for the opportunity to earn you business and provide you immediate working capital for your invoices!

On the Go:

Download Factor App for your Android and Apple Smartphones!

Aerospace Aircraft non recourse factor financing offers

Are you affiliated with Aerospace / Aircraft industries? Check out offers from factor finance companies that specialize in Non-Recourse Factoring and Purchase Order Financing for Aerospace-Aircraft Suppliers.

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Image Credit Wikipedia / UAV

Is your business experiencing slow-pay on your outstanding Aerospace – Aircraft accounts receivable invoices? The Aerospace and aircraft supply demand is on the rise, accelerated by emerging technologies such as UAV or (Unmanned Aerial Vehicles), commercial drones and more. With expected compound annual growth rate pushing 11% followed by global commercial aircraft aftermarket parts exceeding 6% over the next 5 years, access to large amounts of working capital are essential in increasing market share.

  • IRS Issues – no problem
  • Start-Ups – okay
  • Client Concentration – fine
  • Bad Credit – get qualified today

Manufactures, importers and distributors need access to immediate working capital to stay competitive and deliver supply as demanded by the aerospace industry. Don’t let your business be squeezed by slow-paying customers with Net 30, 45 or even 60 days fulfillment payoff terms. If your business is experiencing overwhelming costs from payroll, new equipment purchases, raw material supplies and other operational expenditures you may want to think about factoring your outstanding invoices for immediate business capital.

If you’ve been turned away and told your business does not qualify for traditional lending, don’t be discouraged. Take advantage of this high growth opportunity market and partner with a factor finance company to get access to money tied up in your open accounts receivable invoices.

Explore Non-recourse factoring and purchase order funding in aerospace and aircraft to improve working capital to remain competitive and profitable for years to come. No need to finance your customers, let a factor finance company do the financing while you focus on grabbing more market share and new contracts as quickly as possible.

Visit www.factorbid.com to get a few offers from competing factor finance companies to buy your outstanding Aerospace / Aircraft receivable invoices for immediate cash. Increase operating capital today with factor financing at factor bid.

Invoice financing, also know as factoring, helps companies get cash in exchange for their outstanding accounts receivable invoices.

Could your business benefit from an injection of new cash flow? Invoice financing, also know as factoring, helps companies get cash in exchange for their outstanding accounts receivable invoices.

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How does invoice factoring work?

There is no big secret to factor financing (selling your invoices for immediate cash). To access invoice financing a business simply needs to providing goods and/or services to other creditworthy businesses on terms (invoicing)

What does the typical Factor Financing cycle look like for your business?

  • Once you’ve completed your service or delivery of goods you’ll invoice customers as usual.
  • Depending on how much capital your business needs to access, will determine which customer invoices you decide to factor.
  • You’ll submit your open invoices to the factor along with any additional supporting docs you’ve agreed to provide for specific customers.
  • Within 24 hours of verification, the factor finance company will wire or ACH up to 85-95 percent of the gross invoice to your account.
  • In the normal course of business, check from your customers will continue to be payable to your company, however may be mailed to a specific mailing address that your factor finance company has set up. There are also other ways a factor will accept payments on your behalf – this is an important detail you need to discuss with your new factor finance partner.
  • Once the factor receives payment from your customer (in full) they will post it to your account. They then remove the amount that was initially advanced to you (to cover what they fronted you) plus their agreed upon fee.
  • You’ll receive daily comprehensive accounting information so you can review the factors advances and customer payments.
  • You’ll also have access to a suite of tools that can help you check the creditworthiness of potential new customers you’re considering working with.

Factoring your outstanding invoices is a symbiotic relationship for your company and the factor finance company. Factoring is not like a bank loan, where you need to put up personal equity or credit. The factors are using your receivables as collateral and the more your business grows the better you and your factor finance company does.

Also don’t forget that factoring your invoices and getting paid within 24 hours for your open invoices reduces your liability in collecting outstanding, late or non-payments from your customers. Make sure you talk to your factor finance company about non-recourse factoring vs recourse factoring before deciding which type of agreement is best for your business needs.

Now that you’re ready to start factoring – visit www.factor.bid to get a few offers from competing factor finance companies for your open invoices. When factors compete you get the best deal. Factor bid is free, enjoy!

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www.factor.bid

 

Get immediate quotes from experts in (invoice factoring) asset based accounts receivable financing.

So you’re in business and you have expenses, welcome to life, thanks for checking in. Did you know you can free-up money that’s been tied up in your accounts receivables? Yep, your receivables are considered an asset and factor finance companies are willing to buy them at a discount of their face value.

If you didn’t start your business to become the financial arm (Net 30-45 terms) of your customers, while their business’ thrive and grow quickly on your dime, then it’s time you discovered factoring your accounts receivable invoices for immediate cash.

[ To watch a quick YouTube video on how to get a few offers from competing factor finance companies to buy your open accounts receivable invoices Click Here ]

Low Risk Business Idea that is Applicable, even Thriving in 2016

Congratulations, you’re an entrepreneur. Now what!? You are passionate about your ideas and have created an amazing product and/or service to be proud of.  But the initial inspiration of going into business for yourself is quickly slowing, even being derailed by the challenges small businesses face managing their predictable finances.  Indeed, to be competitive and stand apart from the competition, having cash on hand to spend will allow you to keep your dream of owning your own business alive, but for how long? Positive cash flow during the critical initial phases of growth and exposure can be the difference between living your dream and/or dealing with a real-life nightmare!

*Fast, Simple  and Confidential – Business Financing (Factor Bid)

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Factor bid matches business owners with factor financiers looking to buy their open accounts receivable invoices. Take the hassle out of funding your business!

If you’ve ever thought about visiting your local bank to get a business loan.., borrower beware and continue reading…;

Simply put-

Many new business entrepreneurs are unable to secure a loan at their local bank due mainly to qualification criteria. Business loans are typically only available to established businesses with at least two years of banking history and substantial assets that are used as collateral against a new business loan.  Unfortunately most of us have to learn the hard way and after wasted efforts and time invested, many business owners will be denied the much needed funds to grow a healthy new business.

So the question now becomes: What can I do to acquire working capital (cash readily available for my business, today) without the hassle and lengthly amount of time invested that goes into taking out a traditional loan or even some other high risk option?

The answer to this question is Accounts Receivable Factoring.  To understand if your business is eligible for factoring, ask yourself this;

1.) For The Business Owner: What do we give away to our customer?

Whether it be specialty cupcakes or a consulting service- all businesses will sell either a product, service, or a combination of both to generate sales.   In layman’s terms “it takes money to make money!” 

2.) For The Business Owner: What did we get in return for our products/services from the customer?

Most of us are familiar with cash.  We like cash, because we can spend it how ever we need to in order to keep moving ahead in business. But there are other forms of payments a business may use to acquire payment in exchange for the sale of a product or service they provide.  One of these methods is called “invoicing” which offers you customers terms and enables them to pay for goods and/or services at a later date in time (typically called a Net30 or Net45, etc.  When invoicing occurs, the business owner creates an asset called an (accounts receivable) for the customer as a promissory note to pay at a later date. This form of payment is known as accounts receivables invoices and is categorized as an asset on the business balance sheet.

So now that we know we can unlock capital that’s being held hostage in our accounts receivable invoices, what’s the fastest and easiest way to find a factor finance company to buy my accounts receivable invoices for the best possible deal.

Glad you asked -Smart business owners trust Factor bid to get a few competitive offers from factor finance companies to buy their open accounts receivable invoices, for immediate cash! Factor bid is simple, easy to use and gets you the knowledge you need to negotiate the best deal when deciding which factor finance company is best for your company.

Factoring has so many benefits besides just lowering your risk in collecting on open and outstanding invoices.  For example; you’ll get years of experience when you partner with a factor finance company, to help streamline your accounts receivables process and even professional advice on how to grow your business more efficiently, while accessing tools that keep your business out of trouble and away from other high risk business partnerships. See a factoring company has your best interest in mind. Why you may ask. Well simple put, the more new customers you acquire, the more new invoices you sent and ultimately the more money you generate the better, both you and your factor finance partner do.

If a factor finance company can help you increase your bottom line, and the increase is greater than their small fee for accessing immediate cash flow for your business, then the relationship makes sense. For example, if you’re netting 10% a year in your business, and a factor ends up costing you 2-3% of your total sales annually, but the next year your business starts seeing a 14%-16% percent net, then you’re making more money than before you started factoring your invoices. Plus your business is becoming more efficient, and you’re getting more work done in less time thanks to some smart bookkeeping ideology your factor finance partner is helping to implement within your business practices.

The take-away from this helpful article is your accounts receivable invoices are considered an asset and should be recorded as an asset on your financial statements.  Why does this matter?  It matters because your accounts receivable invoices can be used as a tool to generate cash from third parties (factors) who are interested in purchasing the  open invoices.  

To get started learning more about invoice factoring (invoice finance) visit www.factor.bid and watch our 30 second video. If you’re not dead sure exactly how factor bid can help you get the best deal when financing your open invoices, then call us direct at (650) 924-3520 and one of our associates can help get you set up to receive competitive offers for your outstanding invoices. It takes about 2-3 minutes to submit an invoice and get the ball rolling on getting immediate cash for your receivables.

Factoring on the GO – Get Factor App for your Apple iPhone and Google Android Smartphones.

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We’re a new business and needed cash flow to fund new opportunities. Can we afford to grow.., Can we afford not to grow!

Visit www.factor.bid to get immediate cash for your open accounts receivable invoices!

factor finance,construction factoring,invoice finance,accounts receivable finance,factor bid,factor app,receivables finance,finance,asset based lendingAre you like us; have you ever been in the situation where your business needs money to cover day to day expenses, pay employees, buy supplies and/or compete for new business contracts?

In 1998, Ron and I decided to start our own business, R & J Construction.  We borrowed money from the bank to build our office and purchase supplies and equipment.  Although I would like to say our business was thriving, healthy, and self sustaining overnight, that was far from the truth.  We had smaller clients here and there, but not enough consistent workflow to allow Ron to quit his full-time job.  With the additional business expenses stacking on top of our personal ones, we spent our days living paycheck to paycheck and working 80 hours a week just to meet our minimum bills.

At the time, our kids were not old enough to be in school.  While I was at home with the children, I began to make phone calls in order to reach new customers.  When Ron came home from work, he visited client sites and worked on proposals and took jobs that could be completed on the weekends or through subcontractors.

Within a year, Ron was able to quit his 9 to 5 job and devote all his time and energy into making R & J Construction a success.  One of the challenges we faced was growth that we could not financially handle.  Our business was too young to have any real established credit, but old enough to begin handling some pretty big money projects.  Two big questions had to be answered:

  • Can we afford to grow?
  • Can we afford not to?

Obviously growth was in our best interest, we just weren’t getting our best “interest” from the bank!  We had tons of jobs but only received 20% down, enough to cover some of the material costs involved but definitely not the labor or other necessary business expenses. With quite a few outstanding accounts receivable invoices piling up each month, we had plenty of trips to make but no gas to get there.

Around this time, I had an acquaintance tell me that all those invoices we were waiting to receive payment for could be leveraged for immediate cash.  This was not a loan.  This was good news to us as we had already tapped out our bank.  I began doing some research and discovered that the factor finance companies were less interested in our credit, and more interested in the credit and financial stability of businesses who owed us money.

I spent a considerable amount of time doing my homework, asking the right questions, and finding a factor that was a good match for what we needed.  However, once I partnered with them, I significantly decreased the amount of time spent on processing all those accounts receivable invoices and calling late paying customers.

With Factor Bid, I can now get a few competitive offers from factors who specifically finance invoices within my industry.  It’s fast, easy, and provides the information and leverage necessary to make a quality decision and get the best deal when factor financing our accounts receivable invoices.

Not all factors are alike. Some only factor in niche industries and not all of them deal with smaller businesses like ours. Factor bid is great. All you have to do is submit an invoice using your Smartphone or computer and within minutes you’ll get competitive offers from factors that are eager to buy your accounts receivable invoices for immediate cash!

We love it! Try factor.bid -you’ll be glad you did!

Go Mobile with Factor App

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How to fund your small business.

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.

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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 work load, 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.

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 resources 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 golden eggs on your desk but all most companies see are rocks.

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 download that open accounts receivable invoice. Marvel as your small business grows from infancy, childhood, young adult, and onto full maturity.

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Accounts Receivable Invoice Financing for Trucking Companies. Trucking Invoice Finance!

FACTOR FINANCING FOR TRUCKING COMPANIES:

According to the American Trucking Association (ATA), 70% of freight tonnage in the United States is moved by the trucking industry.  Without the trucking industry, products would not be delivered, shelves would not be stocked, and basic necessities would be scarcely available, if available at all.  Let’s put the magnitude of what the trucking industry does into perspective.  “To move 9.2 billion tons of freight annually requires nearly 3 million heavy-duty Class 8 trucks and over 3 million truck drivers.  It also takes over 37 billion gallons of diesel fuel to move all of that freight (ATA).”

What happens after 9.2 billion tons of freight are delivered?  What happens after 3 million heavy-duty Class 8 trucks hit the road, each manned by a driver?  What happens after 37 BILLION gallons of diesel fuel is pumped?  Billions of outstanding Accounts Receivable Invoices sit unpaid in a cab or on a desk, while the next order on the list still has to be delivered.

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While your open accounts receivable invoices are sitting unpaid, your company still has to function and stay competitive.  You still have to fund those deliveries, and all associated costs.  With Factor Bid, you do not have to pay all those upfront costs anymore.

PARTNERING WITH A FACTOR FINANCE COMPANY:

Did you know your open accounts receivable invoices are worth money?  Do you know your open accounts receivable invoices are worth money NOW?  Factor Financiers know that you cannot afford to wait 30, 60, or even 90 days to get paid.  You have to buy fuel, cover repairs, and occasionally even purchase new tires.  Your company might have to buy a new truck or hire more drivers.  Factor Financiers buy your open accounts receivable invoices at a discount and get you CASH within 24 hours!  That’s right!  You can stay on the road and still do what you do best, providing the best and most needed service that drives our growing U.S. economy everyday.

Why wait and get paid for 30, 60, or 90 days when you can have cash in hand today?  Keep your tires on the road while continuing to grow your business efficiently with predictable cash flow every month.

GET A FEW OFFERS FROM THE TOP RECOMMENDED FACTORS TO BUY YOUR ACCOUNTS RECEIVABLE INVOICE AS SOON AS TODAY!

Using your smartphone:  Simply download Factor App onto your smartphone and snap a picture of your outstanding accounts receivable invoice.  Within minutes, up to three Factor Finance companies will be calling you with their best offers so you can get paid within 24 hours!  From your computer, you can also visit http://factor.bid and upload your open accounts receivable invoice pdf.

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Factoring App for iOS Apple Smartphones

Factoring App for Android Smartphones

When your business partners with a factor to finance your accounts receivables, your customers are most likely already familiar with factor financing.

Factor finance has been around for thousands of years! When you partner with a factor to finance your receivables, your customers are most likely already familiar with factor financing.

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Invoice factoring creates capital on invoices already billed or outstanding invoices. Financing your receivable invoices increases your immediate cash flow and can help with covering day-to-day expenditures like, fuel, maintenance, payroll, purchasing of supplies and even investments to keep your business competitive in your industry.

With factor invoice financing your business will have predictable cash flow to purchase additional inventory, maintain employee costs and even earn vendor discounts. Factoring can be a short term or long term solution for assisting business growth. Don’t turn down new customers and business growth because you’re afraid you may not have enough cash on hand to pay the bills.

Invoice factoring creates capital on invoices already billed. You’re not borrowing money (like with a bank loan) that you haven’t earned yet. When you inform your customers you are partnering with a firm to handle your accounts receivables, the customer is most likely already familiar with factoring and treat it as normal course of business.

If you’re tired of waiting 30-90 days to get paid, then use Factor.bid to submit an invoice and let the top factors compete to earn your business and buy your outstanding open invoices for immediate cash!

Don’t make factoring harder than it is. Use Factor bid to help you get the leverage you need to negotiate the best deal when factoring!

Download Factor App for your mobile devices and find the top factor in your industry for free!

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What is Accounts Receivable A/R discount finance and how can it help your business outperform your competition?

Outstanding and/or ‘open invoices’ represent invoices that have been sent out to a client for payment, but have not yet been satisfied/paid by the client. These invoices can be financed or A/R discounted for less than the face value to quickly raise capital and increase cash flow.

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The buyer of the A/R Invoices also know as the (factor) purchases the financial obligation at a discounted rate providing the selling firm (that’s you) with immediate cash. The factor now assumes responsibility in collecting the money owned by the original debtor (or the company you originally provided your product or services for.)

The invoice is sold at a discount, which is typically 85-90 percent of face value. The Factor requires a percentage of the invoice remains in reserve in order to reduce their total risk, in assuming responsibility for collecting the outstanding debt. Once the debt is collected by the Factor, you’ll receive the reserve amount of the invoice or the percent that was held back -minus any service fees.

Here is just one example of the fee scale from one small factoring company. Every Factor is different and you should use Factor.bid to shop your open invoices for the best deal when factoring.

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If this fee structure seems high, what is the costs of not factoring?

The Costs of not Factoring:

  1. Time value of money
  2. Benefit of improved cash flow
  3. Cash within 24 hours
  4. Pay Suppliers faster
  5. Receive discounts from suppliers
  6. Make payroll without using personal finances
  7. Offer longer terms to larger customers
  8. Attract more business
  9. Business growth without incurring more debt at your bank
  10. Lowers your business liability / risk in collecting payments

Will the financial benefit of improved cash flow to your business offset the fees associated with Factoring, And then some? In many cases Factoring is a smart business decision and can aid your company in growth and new found business opportunity.