Cash Flow Plan B – business finance awareness

What is your company’s Plan-B and does it cover cash flow gaps caused by slow-paying customers?

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What would happen to your business if;

  • A vendor demanded you pay COD (cash on delivery) and won’t extend terms
  • Your Bank decides to reduces your credit line
  • A client changes its policies from paying Net-10 to Net-45

If your company’s cash flow relies on everything happening perfectly, you have a disaster waiting to happen!

When the unexpected comes knocking you won’t have time to maneuver or look for other options. It’s a good idea to have a Plan-B, that way you won’t be caught off guard by events you can not control.

*Remember – you can’t make payroll or pay vendors with an IOU. So when the unexpected happens you need the ability to keep moving forward. Convert money owed to you from customers to immediate working capital, so you don’t have to worry about cash flow gaps and unexpected annoyances.

With Factoring you won’t need to chase customers each week for payments. The factoring company assists in collecting on-time receivables and increasing cash flow so you can focus on bringing in new customer accounts and the day-to-day business operations.

Factoring gives you access to professional credit checking tools so you can know if a potential new customer is a good candidate for extending terms to.

No more worrying about sudden interruptions, because your plan B provides you access to fast cash when you need it most!

It’s recommended that when choosing the best factoring company, you get a few offers. Factor Bid is a free small business resource that enables your business to Compare Invoice Finance Offers.. Free! Get the knowledge you need to get the best deal when factoring your accounts receivable invoices for immediate cash!

Cash flow when you need it most, payment as fast as the next day!

Factor Bid – Compare invoice finance offers.. free!
Cash flow when you need it most, payment as soon as the next day!
#factoring (invoice finance)

Do you invoice customers for payment? Discover how in just minutes you can unlock money trapped in your invoices. Turn open invoices into immediate cash flow.  Fast | Easy | Secure www.factorbid.com

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If you don’t invoice customers for payment follow this link to see other types of small business financing offers!

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.

 

Canadian Distributor of a European Manufacturer Explore Invoice Financing to Avoid Cash Flow Shortage

Canadian distributors, U.S. distributors, etc.. working with European and foreign manufacturer can now access immediate funds for large orders.

The distributor’s products (Ground Screws) are used in construction to establish and secure a foundation in different terrain. As an alternative to concrete slab foundations, the screws allow quick and stable foundations to be installed where traditional solutions may not be ideal.  However, shipping the product from the Czech Republic meant that there was a considerable lag time between when payment to the manufacturer was due and when the distributor could collect from the purchaser.

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Traditional bank funding was not an option due to unusual hurdles such as international currency conversions, the innovative and non-traditional nature of the product and the involvement of somewhat risky construction projects.

Factor finance companies on the other hand are more flexible and are willing to structure a solution involving purchase order financing and factoring that will work well for the distributor, allowing them to create the cash needed to complete transactions for customers in both the US and Canada.
The challenges for the factor lay in working with multiple companies in different countries and funding while waiting a significant amount of time during transport. Once established though, a factor is able to fund and then manage all of the logistics and needs of each participant. A huge added benefit for all parties involved.
Financing solution like this allows particular distributor to capture business they would not otherwise be able to facilitate; while introducing innovative solutions to their customers for a more progressive growth cycle each quarter.
If you’re distribution company can benefit from out of the box problem solving like this, then use Factor bid to get a few competitive offers from the top factor finance companies and start taking on more new business right away.

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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Home Healthcare Companies | Home Healthcare Agencies turn 60 day slow-pay Medicare, Medicaid and Insurance invoices into accessible capital to grow your business faster!

Home healthcare companies and agencies, if you’re currently billing insurance to collect outstanding Medicare, Medicaid or Third-Party Insurance payments for services rendered -you’re a good candidate for factoring.

Factoring increases your cash flow by giving you immediate access to a portion of your total outstanding receivables. Covering payroll for home healthcare nursing that’s being billed ’24 hours a day 7 days a week’ can get expensive. Especially if you’re not getting paid for 30-60 days. That’s a lot of money going out with little or no money coming in every week!

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If you’re wondering why you’re still a single location home healthcare agency and only grossing between $1m-$2m ‘million’ dollars a year; it’s most likely because you don’t have the upfront capital you need to hire and train more staff in order to service more new customers.

Access to predictable cash flow every month by factoring your home healthcare services invoices will help you increase market share, open additional locations and even increase your gross revenue earnings to 10 times what you’re currently generating today.

The answer is right at your fingertips. Let’s take a closer look at financing those accounts receivable invoices that keep piling up due to slow-paying insurance companies.

The right factor finance company is going to become one of  your greatest assets. Handle your accounts receivable and accounts payable like a true pro. With years of experience under their belt a factor is going to understand your pain points right away and integrate a system to help solve them and keep you on track to more profitability.

Years of experience and dealing with over 400 different types of billing software, state government regulation fee schedules, Medicare percentage coverage, Medicaid percentage coverage, Commercial Insurance coverage rules and regulations as well as determining the ‘true value’ of any accounts receivable invoice will help ensure your company doesn’t get into any future bad debt scenarios; by over estimating billing receivables, miscalculating monies owed or mishandling of company bookkeeping.

This may be just what you need. A fresh start and a fresh look from an outsiders point of view with years of experience and knowledge on hoe to keep your business running efficiently and more profitable.

If you’re business is looking to grow, factoring can help utilize business capital that’s tied up in your home healthcare accounts receivable invoices. If you’re open to seeing what your options are then do yourself a factor and visit Factor Bid to find out how you can find the best factoring company and get the best deal when financing your home healthcare invoices.

BENEFITS OF HOME HEALTHCARE SERVICES FACTORING 

  • Increased Access to Business Capital
  • Flexible Financing term
  • Quicker Payment for Services Rendered
  • Faster Growth Potential
  • Increase in Market Share
  • Finance Partner with Years of Experience and Knowledge in Your Industry

It’s important to know that factor finance companies make money when you make money. It’s in their best interest to help you grow faster while keeping your business lean and efficient, resulting in an increase in annual sales volume and return on investment.

Capitalize on the experience that a factor finance partner will bring to your business. Get payroll taxes under control, pay off higher interest rates and invest your earned revenue back into your company faster so you can stay competitive in the industry.

CHALLENGES IN THE HOME HEALTHCARE INDUSTRY

Some challenges Home Healthcare companies face today when trying to grow their businesses quickly and stay competitive are;

  1. Access to immediate cash flow to grow your business is not easy. Traditional bank loans can take several months. A factor can usually get you financed in just few short weeks, even providing a line to help with any immediate cash flow gaps, until your factoring agreement is approved.
  2. No all factor finance companies facilitate home healthcare services invoices. In fact it is a very niche industry and locating even one finance company that has the knowledge and know how to handle the home healthcare industry can be a tedious and challenging job for any business owner.
  3. Home healthcare receivables are non-assignable which increases the risk of financing them. This limits the number of quality finance companies that will fund home healthcare invoice receivables.

Experience counts, in the home healthcare industry especially. Make sure your’re getting a fair deal by choosing the right factor finance partner.

Get a few competitive offers by visiting www.factorbid.com and choosing the “Get Started” feature.  The right factor financing partner is just a few clicks away.

Factor bid matches your industry invoices with a few of the top finance companies that specialize in your industry and have the knowledge and experience needed to finance your receivables for the most competitive rate. Try it today for free!

Capital Solutions for Small and Mid-Sized Firms

Factor Finance 101, obtain cash flow in an orderly fashion

Businesses can factor their outstanding accounts receivable invoices as a way to obtain capital in order to cover business expenses while experiencing growth.

Cash is king and immediate access to ‘cash flow’ is sitting right on top of your desk, tied up in accounts receivable invoices.

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Factor Finance 101

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.

Quick Terminology to Know:

  • Account Creditor – Usually that means you, or the Business and provider of goods and services
  • Advance Rate – The amount of money fronted to the company factoring accounts receivable invoices – as a percentage of the total invoice amount (not the full invoice amount).
  • Customer – Referring to ‘your customer’ responsible for paying the outstanding invoice.
  • Debt Finance – Capital secured in exchange for a commitment agreement to pay interest in addition to the principal amount borrowed.
  • Discount Fee – A fee assessed by the factor finance company that you have an agreement with to purchase your accounts receivable invoices for cash. The discount fee is calculated by the amount of the invoice, the length of time it takes to collect the owed funds and the creditworthiness of your customer.
  • Equity Financing – Capital secured in exchange for an ownership percentage interest in a company.
  • Factor Finance Company – A company that provides operating capital to business owners by purchasing their open accounts receivable invoices
  • Factoring – The purchase and collection of accounts receivables
  • Non-Recourse Factoring – A period in which accounts purchased by a factor remain the factor’s accounts and do not revert to the account creditor if unpaid; due to an insolvency event. A factor accepts full credit risk for any and all accounts purchased during this period.
  • Recourse Factoring – A period in which accounts purchased by a factor are able to revert to the account creditor if unpaid due to an insolvency event.
  • Rebate – Percentage paid back to you, minus the factors fee, once the debtor (your customer) has paid the invoice in full.
  • Reserve – Money that is held back as security by the factor to reduce their total liability in collecting the total and full invoices amount from the debtor. [ie., the advance rate + the reserve = 100 percent of the total invoice amount]

Turn your receivable invoices into immediate cash flow by factoring. Factoring is the conversion of accounts receivable invoices into cash by selling those outstanding invoices to a third part (called a factor). Factoring is especially important for companies in early stage development, during rapid growth or even financial hardship.

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Factoring will help to fill in the gaps created when your company delivers goods and/or services and when customers finally pay. The time in between is a gap, in which you’ve delivered but not yet been paid.

Many business owners worry that they don’t qualify for factor financing due to; not enough years in business or lack of adequate business credit. Well good news, factors actually base their decision on your customer’s credit history, not yours. If your customers are good creditworthy customers, then your business is most likely a very good candidate for accounts receivable invoice factoring.

Factoring is a simple and fast way to obtain business capital. Your outstanding invoices are considered an asset and you won’t add any new debt on the books by factoring. You can access a portion of your total invoice amount, usually up to 95% of the face value of the invoices. You’ll receive the other 5% of the invoice value, minus the factoring fees when the debtor (your customer) pays the outstanding invoice in full.

With factor financing you’ll be able to obtain cash to help your business without needing personal collateral or increasing interest expenses from other lines of credit you may be using. Remember, invoice factoring is not a loan and will not add debt to your balance sheet. You won’t accrue interest or penalties, like with traditional loans and the factoring fee is clear and agreed to by you and the factor before your first invoice is funded.

Factoring fees can be a flat fee or can fluctuate – so it’s important that you use factor bid when looking for the best factor finance company to finance your invoices, you’ll get a few competitive offers from factor finance companies eager to buy your invoices. Factor bid is free and gives the knowledge and leverage you need to make the best decision for your growing business, and ultimately get the best deal when factoring receivable invoices.

Build your business credit fast with factoring. With predictable cash flow on hand, your business will have access to money to payoff debt, pay overhead, salaries and accounts payables. This will help reduce your  business debt, increase on-time payment history and ultimately improve your credit history so you have more options from vendors and other financial institutions moving forward.

Mange your business operations more efficiently and hire employees to help maintain and acquire new customers. Let’s face it, you can’t do all the work! Let professionals help your business be a success today!

There is no reason your business should have to wait to be paid, while your customers use your money to grow their own business. Get paid within 24 hours of delivering goods and services by selling your accounts receivable invoices for immediate cash flow.

Factoring on the Go! Grab our free financing app called Factor App

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(Wondering about the terminology 101 and where it may have originated from? look no further – Somewhere along the line, “101” migrated out of academic institutional jargon and into popular mainstream slang.)

Medical Transcription Services Invoice Finance offers

Medical Transcription Services Invoice Finance

Medical transcription factoring is a business funding method that exchanges the unpaid invoices sitting on your books for a cash advance of equal value.
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When providing medical transcription services to healthcare facilities, long payment terms may prevent your company from seeing healthy growth results, mainly from lack of accessible cash that’s needed to purchase updated equipment, fulfill objectives and most importantly acquire new clients.
The Factoring Process is simple:
  1. Continue servicing your clients
  2. Send your invoices to the factor
  3. Receive cash in 24 hours

Medical Transcription Factoring – enables your company to keep up with the latest transcription technology, hire additional employees, improve financial health, expand market reach and grow at a successful pace.

Keep in mind that medical transcription factoring is not a loan, which means you’ll avoid accruing any new debt. Regardless if your medical transcription services company is big or small, factor bid gets you a few offers from competing factor finance companies specializing in medical transcription services invoice financing, so you get the best deal when factoring.

The top factors with medical industry expertise and knowledge of accounts payable and receivables are at your service. Factors compete for the right to earn your business. When medical transcription services companies use factor bid to get a few offer for their invoices, factors realize they’re competing for your business and are eager to find the best way to earn it.

Get the knowledge and leverage you need to negotiate the best deal when factoring your medical transcription services invoices for immediate business capital. Increase your cash flow quickly and take advantage of the benefits of factor financing.

Check out Factor App – for invoice financing on the go!

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Increase company cash flow in 3 easy steps

Imagine what you could do with your money if you didn’t have to wait 30, 45 or even 60 days. Your business can get the revenue owed to you in accounts receivables within 24 hours of invoicing customers.

Step 1 – Visit www.factorbid.com

Step 2 – Submit an open invoice

Step 3 – Be available to receive competitive offers

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Your business accepts terms, like most competitive small-medium sized businesses in North America. Let someone else finance your customers net 30, net 45 or net 90. Use your earned money to wisely expand your business to increase marketshare and grow faster.

How? With Factor Financing.

Unlike banks, Factor  Finance Companies don’t hold you to a long-term loan backed by personal collateral. Factors simply get you the money you’ve already earned 30 to 90 days sooner! Factoring your accounts receivable invoices will help fix cash flow gaps immediately without digging you further into debt.

Factoring uses your business assets (accounts receivable invoices) to get you immediate cash! So what would you do with predictable cash flow on the first of every month. Opening up your accounts and seeing a consistent stream of positive cash flow; no more waiting for slow-paying customers to send you a check payment.

How to get started! Simple, visit Factor bid and click the Get Started button on the home page. You’ll be directed to login to a secure page, upload an invoice, tell us the amount of the invoice and what industry your company is in. Within the hour you’ll have a few of the top factor finance companies contact you with their very best invoice financing offers.

Don’t wait 30,45 or even 90 days, get paid as soon as today! 

Factoring Helps With:

Working Capital – cover payroll, day-to-day expenses, fuel, supplies, repairs and more

Growth Opportunities – accept more new business and increase you annual revenue

Maxed-Out Credit Line – factoring is asset based and uses your receivable invoices

Government Suppliers – purchase order financing and letter of credit

Payroll Funding – stop stressing about covering employees checks

Slow-Pay Customers – stop financing your customers, while your company struggles

Bank Turndowns – check out factor financing

Undercapitalized Companies – need immediate capital to keep your business competitive

High Customer Concentrations – flexibility in customer payments

Seasonal Business – produce and other seasonal items in demand

In Need Of Vendor Guarantees – cash  positive factor partner

IRS Issues & Tax Liens – pay off costly interest payments and liens

Operating Losses – pay down bad debt to keep your business running strong

Is your business in the transportation industry or always on the go? Grab Factor App and within a few clicks you’ll have competitive offers to buy your accounts receivable invoices.

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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.