Accounts Receivable Financing for Staffing Firms & Payroll

Posted by on Sep 28, 2017 in Non-Recourse Accounts Receivable Factoring, Payroll Funding, Staffing Factoring | 0 comments

Accounts Receivable Financing for Staffing Firms & Payroll

As the US economy continues on its upward path, the demand for temporary staffing is growing even more rapidly. The staffing industry is projected to grow by 3% in 2017, according to a recent forecast by Staffing Industry Analysts, a global advisor on temporary and contingent work. Indeed, temporary staffing has grown as a percentage of overall employment in the US. Temporary staffing is predicted to increase by 3% in 2018 to $126.8 billion with the overall staffing market likely to achieve 4% growth to reach $146.6 billion. Even more dramatic...

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What are the Average Factoring Rates?

Posted by on Feb 8, 2017 in Non-Recourse Accounts Receivable Factoring | Comments Off on What are the Average Factoring Rates?

What are the Average Factoring Rates?

Factoring companies will look at all of the above criteria to help determine their rate. A higher volume of invoices in a service-oriented business with shorter terms will typically get the best rates. You could find yourself paying 4% or less for the entire transaction. If the payment terms of the invoices have already gone beyond 30 days, you may pay up to 7%. Determination will depend on the customer’s industry and credit history. Experienced factor lenders know that certain business types; such as large cable companies, regularly take...

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Why Factoring Companies Can be Better than Banks for Small Business

Posted by on Feb 19, 2016 in Alternative Financing, Non-Recourse Accounts Receivable Factoring | 0 comments

Why Factoring Companies Can be Better than Banks for Small Business

Picture this – you own a small business. Such business is one that you have worked hard to ensure has happy customers, quality products, and excellent service. Now, because of all your hard work, you are finally getting the recognition you deserve. Your small business is growing rapidly. This is reaching new clientele and expanding your product lines, along with your profit margins. However, growth can be expensive, and you need capital to reach your full potential. As a small business owner, you have a wide variety of options available....

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A Better Alternative To Business Cash Advances

Posted by on Jan 5, 2016 in Non-Recourse Accounts Receivable Factoring | 1 comment

A Better Alternative To Business Cash Advances

Small businesses with bad credit that cannot obtain a bank loan often seek cash advances to achieve additional cash flow. Advances in BusinessCash.com are against future product sales. Repayment begins immediately, as the cash advance provider either takes a portion of your ongoing sales or debits your bank account every business day. Further, the interest charges on business cash advances can be significant – upwards of 60% or more at an annual rate. The structure of cash advances shows that these are a very short-term solution to...

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Non-Recourse Receivables Factoring vs Invoice Discounting

Posted by on Dec 11, 2015 in Non-Recourse Accounts Receivable Factoring | 0 comments

Non-Recourse Receivables Factoring vs Invoice Discounting

Many businesses that face a shortage of cash for working capital purposes can benefit from non-recourse receivables factoring or invoice discounting. Both forms of financing provide immediate cash against your receivables. That way you don’t need to wait until your customers pay down their invoices. Usually, payment could be as long as 60 to 90 days, or even longer in some cases. Factoring Factoring represents the sale of your receivables to a financing or factoring firm. The factor evaluates the creditworthiness of the receivables and...

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Rapid Growth Funding through Non-Recourse Accounts Receivable Financing

Posted by on Nov 21, 2015 in AR Funding, Business Tools, Non-Recourse Accounts Receivable Factoring | 1 comment

Rapid Growth Funding through Non-Recourse Accounts Receivable Financing

Steady or fast growth is the primary goal of any young business owner. When and if those growth opportunities arise, do you have the resources in place to move forward? It may not seem like it, but growing too rapidly can be a death blow to a young company. Most young companies lack the experience, planning ability, and insight to properly navigate rapid growth. As you know cash is King, and most start-ups are not flush with working capital. You may currently have a line of credit with a bank, but is it enough? It’s crucial your growing...

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