Understanding Factoring Rates

Posted by Chris Curtin on Jan 24, 2016 in Alternative Financing, AR Funding, Discount Factoring, Government Factoring, Staffing Factoring | 0 comments |

Understanding Factoring Rates

Many business owners attempt to compare APR interest rates to invoice factoring rates. The problem is twofold. The best factoring company’s rates include Accounts Receivable Management, Credit Services, and Credit Protection; and A bank only helps the most creditworthy company with typically three years of proven profitability. Here is a simplified explanation of how factoring works and what it would cost you. What are Possible Factoring Fees Based on Time Frame? Length of Time for Payment Invoice Factoring Rate 20 days 1.00% 30...

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Working with an Experienced Government Contract Funding Firm

Posted by Chris Curtin on Dec 11, 2014 in Government Factoring | 0 comments |

Working with an Experienced Government Contract Funding Firm

Working with the right factor or financing firm can make all the difference. This is especially true in factoring your government receivables or obtaining purchase order funding for government contract financing. The factoring company should not only understand the requirements of your industry but must also be able to help you to work within the requirements of FAR and iRapt expeditiously. Many factors and financing firms are not able to deal with the complexities of the government’s requirements. As a result, therefore, they are...

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Federal Government Factoring and PO Funding of Government Contracts

Posted by Chris Curtin on Nov 24, 2014 in Government Factoring | 0 comments |

Federal Government Factoring and PO Funding of Government Contracts

The complexities of dealing with the federal government factoring and PO funding of government contracts are more complicated than the financing of private sector sales because of the stringent purchasing requirements for government agencies and strict requirements and compliance on invoicing and payments for these transactions by the government. Most factoring companies, therefore, avoid dealing with government contracts. That is where BusinessCash.com is different. We understand the requirements, and we want to help businesses navigate...

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Government Contract Invoice Factoring

Posted by Chris Curtin on May 27, 2014 in Government Factoring | 0 comments |

Government Contract Invoice Factoring

Here are several reasons you want to use invoice factoring, purchase order financing and credit protection for your company and government contracts: BusinessCash understands the FAR We work with start-ups and clients that have concentration issues. We offer Credit protection with all of our products. You’re not getting the payment fast enough. You need working capital to pay for labor, raw materials, and equipment. You need to get cash Fast. Fast Funding for Government Contractors! Call 866-598-4295 or use the fast, safe...

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Government Raise for Federal Contractors

Posted by Chris Curtin on Feb 5, 2014 in Government Factoring | 0 comments |

What impact will the government raise for federal contractors have? Some say it will impact a few hundred thousand and some others say much less. Many government contractors already get paid more than the proposed minimum wage. So this new executive order may not affect many. When factoring in everything it all comes down to the details of who gets the raises and when they get them. Read more about the government raise for contractors here Have questions about federal contractors? Call 866-598-4295 or use the fast, safe & secure...

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Tips for Getting Government Contracts

Posted by Chris Curtin on Jan 7, 2014 in Government Factoring | 0 comments |

Would you like to become a government contractor or subcontractor? Government contracts can be very lucrative for a small business. The following are six tips from Inc.com magazine: First – Truly know your business There are currently at least 31,000 federal contracting opportunities listed on the government’s clearinghouse website (more on that in a minute).  But, in a way, 31,000 is worse than zero—at least if it’s your role to comb through them all and figure out which ones you might want to compete. The no. 1 bit of...

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Non-Recourse Accounts Receivable Financing and Government Contracts

Posted by Chris Curtin on Jan 3, 2014 in Government Factoring, Non-Recourse Accounts Receivable Factoring | 0 comments |

Many businesses view government contracts as fantastic opportunities. Government is very likely to pay for any job they contract out. These types of contract include local, state and federal government contracts. Working with the government can be challenging at the same time. Often, these government contracts can require a large amount of cash to start the job. Projects for these government contact are large scale. You will need sufficient cash to cover for operational cost, payroll, raw material or other expenses that can be a problem for...

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Increasing Small Business Opportunities: GSA’s OS3

Posted by Chris Curtin on Dec 6, 2013 in Government Factoring | 0 comments |

Increasing Small Business Opportunities: GSA’s OS3

A new GSA contract OS3 is set to save a hundred million dollars or more on office supply strategies.  Small businesses need to register in System for Award Management (SAM) to be eligible to bid. Check out more about the GSA OS3 contract here Want to increase your business’ opportunities? Call 866-598-4295 or use the fast, safe & secure online funding...

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Factoring for Government Contracts

Posted by Chris Curtin on Oct 10, 2013 in Government Factoring | 0 comments |

Factoring for Government Contracts

Factoring for government contracts has never been more relevant with the current federal government shutdown. Private American contractors are feeling the pain of the shutdown. Businesses are closing parts of their operations and are cutting pay to their employees as the shutdown continues. The ripple effects are far-reaching most notable with defense contractors. Businesses are losing faith and increasing pessimistic with the outlook. Government contract invoice factoring and purchase order financing help companies in times of slow payments...

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Government Invoice Factoring and PO Financing

Posted by Chris Curtin on Sep 25, 2013 in Government Factoring | 0 comments |

Check out these great tips on government contracts and being successful: Having a large enough margin is essential in closing the deal. Too many times someone will bid only 5-7% gross margin and believe this will get them the job. On the next round of bidding when they have raised it to 20-40% gross margin they end up losing the bid. Don’t give your services and products away. There is only one thing worse than no sales and that’s selling at a loss. Often times you will need to show your financial capabilities to the Government...

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