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!

Source of funds and your business growth

Once you know your needs, you need to determine where the money will come from (source of funds). Don’t overlook this important piece of your business planning. Of course the idea is for your business to generate enough cash flow to pay for business expenditures plus your personal living expenses and more.

Assets:

To start – list any assets and cash that you are contributing to start-up or for expansion. Show the full amount of any lease, loans, investments by partners or other investors, etc.

Personal Requirements:

List funds you need to meet your personal living expenses. This will help in determining your projected cash flow each month or quarterly.

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Cash Flow Projections:

One of the things to remember in preparing your business cash flow projections is you’re not trying to determine profit or loss yet, but instead the timing of money coming in and going out of your bank account.

Sales Forecasts:

The sales forecasts you’ve done are formulated to carry forward to your ‘Cash in’ – providing an estimate of cash in your business. This helps demonstrate any terms you may provide to your customers for payment.

example; If you agree to accept payment in 30 days, a sale in February will show up as cash to your business in March under line item “Accounts Receivable”

Cash Flow Gaps:

If at the end of your lists, you see cash flow gaps, places where you may be short on funds during a specific time of the month / year, you may need to consider alternative financing (factoring) to help cover those gaps.

Remember sales may vary during peak sales season vs low activities that can occur during slower times of your business cycle or even when vacationing takes place.

Accounts Receivable:

Accounts receivable is a legally enforceable claim for payment held by a business against its customer/clients for goods supplied and/or services delivered in completion of the customer’s order. These receivables are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in the business balance sheet as an asset.

Factor Financing Receivables:

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.

Compare Invoice Financing Offers.. Free:

It’s recommended that you get a few competitive offers when deciding which factor finance company best fits your business financing needs. Factoring your receivables will help your business access immediate source of funds and cover any problematic cash flow gaps.

Factor Bid:

Factor Bid is a free online resource for small to mid-sized businesses. Visit www.FactorBid.com to get started comparing offers from competing finance companies to buy your accounts receivable invoices for immediate cash. No more waiting Net30 or Net45, get paid for your accounts receivables within 24-48 hours.

Factoring and your Canadian Accounts Receivables and U.S. Factors

Factoring your Canadian receivables. When dealing with a Canadian client a U.S. based factor must ask themselves what do I need to be concerned about when when buying Canadian receivables?

  • Taxes
  • Acceptable forms and form type
  • Additional licencing needed

DOCUMENTATION:

Material changes are rarely required when adapting a U.S. Factors documents to purchase Canadian receivables or take security on Canadian collateral.

Some adjustments are desirable to reflect differences in Canadian legislation and procedures, for example; Provisions that deal with the consequences of the seller becoming subject to the Bankruptcy Code should refer to the relevant Canadian bankruptcy and insolvency legislation and, since Canada has not adopted the ACH system, the factor should be given the ability to debit its client’s bank accounts by way of electronic transfers. Clauses should also be added to the factor’s standard forms to take into account the various issues described in the balance of this paper. All in all, neither the factor nor its seller should find that any of these changes raise significant business issues.

LICENSING:

It is important to appreciate the difference between – carrying on business in Canada on the one hand and – doing business with Canadians on the other. As long as a U.S. factor finance companies and its employees and agents do not carry on business on Canadian, but instead only deal with Canadian sellers and account debtors on a cross-border basis, through channels like phone and email.

BANKS:

This is of particularly import to U.S. banks since they are prohibited from carrying on business in Canada without complying with the licensing requirements of the Canadian Bank Act.

REGULATORY AUTHORITIES:

Canadian regulatory authorities have acknowledged that non-Canadian companies can purchase Canadian receivables, lend to Canadian borrowers and take security over Canadian assets without becoming subject to Canadian licensing requirements – unless they “cross over the state line” and carry out business in Canada.

TAXATION:

A U.S. factor will generally not become subject to Canadian
taxation on the income it earns from purchasing Canadian receivables so long as it does not; “carry out business in Canada” – NOTE: Simply purchasing Canadian receivables, or opening a Canadian bank account, should not in and of itself result in carrying out business in Canada.

With respect to licensing, the factor should not negotiate or sign business agreements in Canada. It is also generally important for the factor to avoid engaging Canadian based employees or agents, since their activities will be attributed to the factor. For this reason, if a factor engages a Canadian to provide leads to possible clients, the underlying agreement should reflect that the Canadian is an independent contractor who has no ability to bind or contract for the U.S. factor, and that the parties have neither a principal/agent nor an employer/employee relationship.

Additional flexibility regarding Canadian employees and agents is available to a factor that can take advantage of the Canada-U.S. Tax Treaty.

WITHHOLDING TAX:

Canada has almost eliminated withholding tax on most cross-border payments of interest between unrelated parties that act at arm’s length. U.S. factors can therefore purchase most interest and finance charge components of Canadian receivables.

PERFECTION, PRIORITY & ENFORCEMENT:

Other than Quebec, every province and territory of Canada has personal property security legislation that is modeled by Article 9 of the U.S. Uniform Commercial Code. The rules relating to perfection, priority and enforcement of purchases and security interests are therefore very similar to those found in the United States. While the rules are not perfectly identical – such as the need in Canada to search and file based on the location of the collateral or of the seller’s/debtor’s chief executive office, rather on the nature of the seller/debtor entity – these differences generally do not raise practical problems. And even the differences that do exist are starting to fade as various Canadian jurisdictions adopt additional aspects of the Article 9 regime.

The Canadian Federal government has a super-priority lien over the entirety of a tax payer’s property for – certain amounts the taxpayer withholds from its employees’ income but fails to remit to taxing authorities and certain types of unremitting sales tax. This lien type is not required to be registered. Factors should monitor compliance with these tax obligations – either with the client or the tax authorities – since the lien will generally rank ahead of a factor’s security interest on its client’s assets. Fortunately, this lien should not defeat the factor’s interest in receivables it purchases by way of a “true sale” without notice of the lien.

It is generally easier in Canada to obtain an enforceable guarantee from an obligatory corporate affiliate – the guarantor’s incorporating statute and articles should be reviewed but will rarely raise an issue. With respect to individual guarantors who reside in Alberta, their guarantees will be valid only if they complete a statutory form in the presence of a lawyer.

WHAT ABOUT QUEBEC:

Quebec’s laws are modeled on by Civil Code of France, and differ significantly from those of the U.S. and the rest of Canada. Perhaps the four most important distinctions for a U.S. factor are: (1) the purchase of a single receivable is perfected by giving notice to the account debtor (rather than by registration), (2) security over the seller’s other assets is created by “a mortgage or security held by a creditor on the property of a debtor without possession of it” under special language that should be added to the factoring agreement, (3) a standard form agreement with a Quebec counter party must be in French unless it contains a provision (which should be in both languages) in which the parties agree that the agreement must be in English only and (4) contracts with Quebec account debtors should be reviewed for provisions that prohibit their assignment, since Quebec legislation does not override anti-assignment clauses.

USURY:

Canada’s federal usury legislation is set at the relatively high rate of 60 percent – calculated in accordance with generally accepted actuarial practices and principles. In determining whether a contract rate is usurious, all related charges and expenses relating to an extension of credit will be taken into account, including interest, penalties, fees, commissions, costs and various administrative payments. A properly drafted agreement should provide that any contravention is unintended and that excess payments will be reimbursed or applied to other outstanding obligations.

INTEREST:

Canadian legislation requires interest to be at an “annual” rate (i.e., 12-percent yearly rather than 1-percent per month). If the provisions of a factoring agreement calculates interest on different basis – such as using a 360 day / year – a formula is commonly added to permit calculation of the equivalent annual rate.

CURRENCY:

U.S. factors purchasing Canadian receivables should consider how to manage currency risk inherent in using U.S. dollars to acquire the Canadian funds needed to purchase ‘Canadian dollar receivables’ – since it’s likely that the exchange rate prevailing when the factor obtains the Canadian funds will change by the time it receives Canadian dollars from the account debtor.

TIPS –  Among the options factors use: (1) entering into a currency hedge, (2) passing exchange risk to the seller through a clause in the factoring agreement and (3) funding a Canadian dollar bank account in a Canadian or U.S. bank, then using the account to purchase receivables and receive payments (so that exchange losses and gains don’t arise every time a receivable is collected on – but instead only when funds are eventually converted to U.S. currency)

COURT CURRENCY:

Canadian courts must render and award judgments in Canadian dollar. This may result in a currency exchange loss if a factor sues for amounts owing in another currency, such as U.S. dollars, the factor obtains a judgment for the equivalent Canadian dollar amount and/or the Canadian dollar weakens between the date of the judgment and the time of payment. The factoring agreement should therefore contain a provision that requires the seller to indemnify the factor for such losses.

CREDITOR-FRIENDLY:

A U.S. factor is able to bring legal proceedings in Canada. It will find Canadian courts relatively creditor-friendly for a number of reasons: (1) court costs are determined on the English “loser-pay” model, under which the unsuccessful party pays a portion of the prevailing party’s legal costs, (2) commercial matters are almost always decided by a judge without a jury (with or without a jury waiver in the factoring agreement), (3) punitive damages are unusual, and in any event generally much lower than in the U.S. (4) U.S. judgments are generally enforceable in a Canadian court so long as the defendant received proper notice of the action and an opportunity to defend.

GOVERNMENT OBLIGATION:

The obligations of certain Canadian governments – such as the Province of Ontario – are freely assignable (subject to the terms of the underlying agreement). However, receivables owing by certain other provinces or by the federal government may not be assigned without obtaining consent and following statutory procedures.
CANADIAN – U.S. FACTORING:
Factors in the U.S. have found that the Canadian legal, tax and regulatory rules are relatively favorable, not unfavorable and generally do not impede cross-border factoring of Canadian receivables.
BEST IS BEST:
It’s recommended that you get a few competitive offers from factors to buy your accounts receivable invoices. If you’re a Canadian Small to Mid-Sized Business looking to factor your accounts receivable invoices; visit www.FactorBid.com to get started finding the best U.S. Factor eager to earn your business today! If you’re not shopping your Canadian receivables you may not be getting the best deal available!
Grab our Mobile Factor Financing App for Busy Companies on the Go!
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Supply Chain Finance – Entrepreneurs start, run and grow your business

Weather you’re a tier 1 or tier 2 type vendor or a supplier company that sells goods or services to other businesses in the economic production chain, chances are you’ve experienced slow-pay in your company’s accounts receivables. But is this a problem for most operating businesses looking to grow their market share?

Proven Financial Resource

Invoice financing is used all over the world by companies large and small. Entrepreneurs unfamiliar with the idea of selling invoices at a discount to increase cash flow may be under an immediate assumption that a company selling their invoices is in trouble with traditional sources of credit and needs alternatives to stay afloat.

That’s not entirely true. Here’s why, invoice financing uses your company’s assets to access immediate cash. Invoices are considered assets because they’re money that your customers owe you for goods and services you’ve already delivered. Your credit is not even part of the lending decision when a factor finance company partners with your business. A factor is looking at the creditworthiness of your customers when deciding on investing in your business by buying your invoices for immediate cash.

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Flexible and Fast Access to Working Capital

Business like invoice financing because it’s flexible and grow with your business. You can access larger lines of funding as your business needs, or scale back and factor less during times when you don’t need more working capital.

Accessing cash tied up in receivables enables your business to keep up with growing sales volume and meet the demands of larger customers. Larger customers require longer time to pay and stretch out payments to 60 days or longer sometimes, leaving your business with substantial carrying costs.

Lower Company Liability and Increase Cash Flow

Redirect the responsibility of carrying and financing your customers by partnering with a factor finance company. A factor assumes the responsibility of your outstanding invoices; the liability that goes with potential non-payment of your receivables and the time it takes to collect money owed to your by your customers.

Let the factoring company finance your customers growth. Free up money owed to your company and put that money to work immediately. Waiting around to be paid is not a smart business practice. Factoring will help increase your working capital immediately so you can grow faster, take on more new customers, payoff higher interest rates or buy supplies at a discount price. As your profits grow, so will your bottom line. The cost of factoring becomes a cost of doing business and as long as you’re making more money at the end of the year and increasing market share within your industry then factoring is a smart business decision and you now can see why companies of all shapes and sizes are using it.

Stop wondering how your competitors are growing so quickly and start taking advantage of your accounts receivable assets. Get the cash you need to grow your business faster.

Recommended that you get a few Competitive Offers

It’s recommended that when selecting a factor finance partner you get a few offers from competing factors to earn your business and buy your invoices. Factor Bid is a free small business resource that enables you to compare invoices finance offers from competing factor finance companies in real-time. Visit Factor Bid, click the Get Started button and within the hour you’ll have competitive offers from the top factor finance companies eager to earn your business and buy your invoices for immediate cash.

Don’t wait 30,60 or even 90 days to be paid while your competitors push ahead and win more new customers, get paid within hours of invoicing your customers and use your working capital to stay competitive in your industry.

Business on the go Mobile Work force

If you’re business is on the go and you’re looking for the fastest and easiest way to connect with financing, download Factor App and within a few minutes you’ll be matched with the top finance companies competing to earn your business.

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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.

Alternative finance programs to allow for the financing of invoices for goods and services that have not been performed (Pre-Billing)

Finding a factor finance company that allows for the financing of invoices for goods and services that have not been preformed (Pre-Billed)

Factorbid.com can help! We get you a few offers from the top factoring companies in any industry. Locating a few factors that specialize in any specific industry is difficult. Fortunately we’ve been in the small business financing industry for years, even before we designed and deployed our online mobile enabled matching service called factor bid.

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Take advantage of years of experience that we have in working with the top factor finance companies in every industry. Factor bid quickly and securely matches your business industry financing needs with factor finance companies that specialize in your industry, so you get the most competitive offers right away.

Challenges of Invoice Financing:

Pre-Billed Invoice financing – If your trying to factor an invoice for work that has not yet been completed or the product has not yet been fully delivered, most factoring companies will determine this type of invoice as UN-FACTORABLE until the work is completed or the product is delivered.

SOLUTION:

Factor bid works with all the top factor finance companies that offer hybrid factor financing programs that can factor PRE-BILLED invoices under certain conditions.

For Example;

  • Advance of the full invoice amount up to 80-85%
  • Rates in as short of 10 day increments, 15 days on average
  • 50% of the advance to be made day 1, the balance on day 16
  • Verification to be made on a case-by-case basis
  • Most industries accepted
  • First security position is required
  • Can work with other forms of financing in place with proper subordination and subject to credit approval

Total processing time for these type of hybrid financing models can take a few days longer than standard 24 hour processing. To get a few offers from competing factors and see which hybrid program fits your business financing needs, visit factor bid website and select the “Let’s Get Started” button.

 

Quick Guide to Invoice Factoring – Factoring enables you to turn the money customers owe you into working capital

Working Capital | Business Cash Flow

What is Invoice Factoring – Invoice factoring (also called accounts receivables financing and invoice discounting) is a smart business fiance tool that gives your business immediate access to monies your customers owe you, on the same day an invoice is generated, so that you don’t have to wait 15, 30, 60, 90 – days or longer -for customers payments.

Access to cash that’s tied up in your accounts receivable invoices enables you to reinvest working capital into your business more quickly.

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Benefits of Factoring Invoices:

  • Take on more new customers
  • Expand your business operations
  • Cover payroll and hire more new employees
  • Pay suppliers to receive a volume purchase discount
  • Pay off higher interest loans and equipment financing
  • Take on bigger orders more quickly
  • Cover day-to-day operating expenses

Having the ability to access immediate cash and increase working capital will help your business grow more quickly, keeping you competitive and relevant in your industry.

How The Factoring Process Works:

  1. Your business generates a customer invoice. Instead of waiting weeks or months for the customer to pay-
  2. Factor the invoice with your factor finance partner and get same day funding up to 98% of the total amount of the invoice, for a small fee – which could be as low as 1% of the amount of the invoice.
  3. Once your customer pays the full amount of the invoice, the amount held in reserve is also returned to you, minus the factoring fee.

Why Use Factor Financing For Your Growing Business?

Factoring enables you to turn the money customers owe you into working capital, that you can use for your business today. There is not need to wait weeks – months for the chance of customers to pay, instead free up working capital immediately.

More Working Capital Enables Your Business To:

  • Offer generous credit terms to your clients as a competitive advantage
  • Leverage purchasing power to negotiate discounts with suppliers and vendors
  • Improve your ability to meet day to day expenses
  • Take on new customers or fulfill larger orders
  • Reduce accounting -related costs
  • Reduce your companies financial risk from bad debt with non-recourse factoring

A factor (in a non-recourse factoring agreement with your company) assumes the credit risk for the factored invoices. If a customer is unable to pay for credit reasons, the factor will absorb the loss, not your business!

There is also recourse factoring agreement, which is less expensive, because your company assumes more risk. With recourse invoice factoring You may also be required to repurchase invoices that remain unpaid by your customers and cover your own legal or collection costs in collecting payment from non-paying customers.

Common Reasons Business Owners Use Factoring:

  • Slow-paying customers that are creating a cash flow crunch
  • Customer accounts with extended terms, stretching out payment due date
  • To offer longer payment terms for customers, to attract new customers and/or match what competitors are already doing
  • Need access to immediate working capital to take advantage of emerging business opportunities – like taking on bigger clients or fulfilling larger orders
  • Speed up cash flow to meet operating expenses
  • Expedite cash flow to take advantage of supplier vendor quick-pay discounts
  • Reinvest money tied up in receivables more quickly
  • Grow their business faster in order to increase their market share within their industry
  • Make a larger return on investment each year
  • Utilize the experience of the factor finance company to help organize and deploy a more efficient bookkeeping and collection cycle

If you’re ready to see how much more money your business can access every month by factoring your accounts receivable invoices, then simple click the Get Started button at our www.Factorbid.com website.

Factor bid quickly matches your business with factor finance companies that specialize in your industry and are eager to earn your business and buy your accounts receivable invoices for immediate cash.

At factor bid -you’ll receive a few competitive offers from factor finance companies. Review each offer and decide which offer is the best fit for your business.

Factor bid is fast, easy to use and secure. Spend a fraction of the time (locating the top factors) and receive the knowledge and leverage you need to negotiate the best financing deal for your company.

Factor bid is free for business owners and you’re under no obligation to factor. Find out what your financing options are within a few minutes at Factor Bid.

On The Go! – Download Factor App – to get started comparing offers!

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Get a few competitive offers to get the best business financing deal

A few competitive offers means a lot for your business. Financing is competitive, if you know where to look.

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How do competitive offers help?

  1. Leverage – You get to listen to what each finance company has to offer to find out what your business options are. Use the information provided by different finance companies to negotiate the best rate, terms and most money for your accounts receivable invoices.
  2. Knowledge – Each finance company is different. The amount of money you can access within 24 hours depends on several different business variables. Most factors – one on one will not take the time to explain what all these key variables are, so getting a few offers from different finance companies teaches you a little more each time. When you know the variables in the funding equation, you can negotiate a good deal for your business financing.
  3. Best deal – When finance companies know they’re competing against each other, you’re going to get their best deal today! For example, when you’re using factor.bid to get a few competitive offers from the top companies, they know they have to be competitive, helpful and transparent or they won’t have a chance to win your business.

The goal is to provide a place (www.factorbid.com) where business owners like yourself can get a fair opportunity and a good deal when financing. If you’re trying to call, email or contact every finance company out there, it’s going to be a daunting and tedious task of sharing your business information over and over, answering the same questions hundreds of times and worst of all not knowing the finance companies you’re even talking to are dependable, secure and good businesses.

With factor bid, your experience is fast, easy and secure. We’ve done all the heavy lifting already. Once you submit your invoice or fill out your custom application form; you’re going to get a few offers from the top factor finance companies that are the best and specialize in your industry specifically. They know they’re competing for your business, so they’re offers have to be straight forward with the best funding available today or they won’t have a chance in winning your business.

If you want the most money and best deal when financing your accounts receivable invoices for immediate cash, then click the Factor.bid link at the top of the blog and visit our home page. From their you can click the “Let’s Get Started” button. Within the hour, you’ll have competitive offers to buy your invoices for fast cash.

On the Go! Grab the one and only factor financing app FACTOR APP

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It’s Friday, “direct deposit day” (payday)

If you’re a business owner, you’re familiar with the excitement that comes with Fridays around the office. Employees are getting ready for the weekend and are exited for their paycheck! Some employees even get their check as “direct deposit” early Friday morning before work even begins.

What’s this mean for business owners – Payroll expenditures! See for business owners payday isn’t always as consistent and predictable as Friday employee pay is. Business owners have to wait for payment from customers and often times end up covering payroll and other daily business expenses right out of their own pockets.

Wouldn’t it be nice if your business could get paid on outstanding receivables before the work day even begins? 

What if you could have the same great feeling every Friday that your employees feel. Well you can! If your company is feeling the cash flow ‘squeeze’ from slow-paying customers and you want to get back on that good vibe kind of feeling when it comes to getting paid, then take a look at factor financing your receivables.

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Cash Flow “Squeeze”

What is Factor Financing and how do I get paid in 24 hours?

Companies sell their invoices or accounts receivables to specialized companies called factors. The factor advances most of the invoice amount upfront by simple direct deposit. You can get paid within 24 hours of invoicing your customers. Factoring will continue to provide your business with predictable cash flow everyday of the week, even Fridays so you’re able to cover payroll and other expenses without digging into your own pocket.

Be excited for Fridays, meeting payroll with confidence shows your business is a success. They always say “people sell people”, so if your employees are instrumental in helping drive new customers and maintain existing accounts then paying them is a good sign that your business is growing and on it’s way to becoming a great success.

Is your business Mobile? Check out Factor App – for invoice financing on the Go!

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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.