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!

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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Factor App Download for iOS Apple Smartphones

Factor App Download for Google Android Smartphones

Why Choose Factor App? Because one Factor does not fit all!

As a business owner, being able to choose who you work with is important. People are different and sometimes won’t see eye to eye.  That is why we created Factor App!

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If you’re thinking about Factoring your accounts receivable invoices, shouldn’t you get to pick and choose who you’re work with? I mean we’re talking about your business and most important your Money!

Factor App – is the fastest and easiest way to Factor your receivables.

1.) Snap a picture of your Invoice

2.) Tell us the amount of the invoice

3.) Submit invoice

Factors COMPETE to buy your invoices, so you get the best deal and most money when Factoring.

Factor App is a simple and FREE way to Vet New Factors, to see which business style most closely matches your way of doing business. Take advantage of Factor App now and get paid as soon as today for your accounts receivable invoices.

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“Having influence over your important decisions, makes the business – well, yours.”

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

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

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

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

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

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

Why should I factor?

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

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

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

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

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Factor.bid iPhone App

Factor.bid Android App

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

Industry Invoice Types

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