Accounts Receivable Financing for Staffing Firms & Payroll

Posted by Chris 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 Analyst, a global advisor on temporary and contingent work, is projecting the staffing to grow by 3% in 2017. 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 is the share of new jobs added to the...

read more

What are the Average Factoring Rates?

Posted by Chris 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...

read more

Why Factoring Companies Can be Better than Banks for Small Business

Posted by Chris 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....

read more

A Better Alternative To Business Cash Advances

Posted by Chris 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 factoring 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 cash-flow...

read more

Non-Recourse Receivables Factoring vs Invoice Discounting

Posted by Chris 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, the 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...

read more

Rapid Growth Funding through Non-Recourse Accounts Receivable Financing

Posted by Chris 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...

read more

Benefits of Non-Recourse Accounts Receivable Financing vs. Bank Loans

Posted by Chris on Aug 11, 2015 in Aerospace/Aircraft Financing, Non-Recourse Accounts Receivable Factoring | 0 comments |

Benefits of Non-Recourse Accounts Receivable Financing vs. Bank Loans

Many Non-Recourse Accounts Receivable Financing is the sale of a companies receivables at a discount in exchange for immediate cash. The percentage of working capital a company can receive upfront ranges from 70-92%. AR financing can be a perfect solution for many industries, including textiles, to wine distributors to start-ups. Any company that is non-bankable AR financing improves cash flow and accelerates growth and evades debt burden. There was a time when many consider bank loans as the easiest, least expensive source of business...

read more

Non-recourse Accounts Receivable Factoring for Oil and Gas Suppliers

Posted by Chris on Feb 17, 2015 in Non-Recourse Accounts Receivable Factoring | 0 comments |

Non-recourse Accounts Receivable Factoring for Oil and Gas Suppliers

From Bismarck North Dakota to San Antonio Texas, Oil and Gas companies and suppliers are experiencing a massive shift in commodity prices. America’s oil production continues to rise. Oil producers and suppliers have transformed themselves into nimble high-tech manufacturers that can adapt on a dime to outside forces. Funding tools such as non-recourse accounts receivable factoring give oil and gas suppliers the working capital they need to continue doing business. Companies that supply oilfield service providers such as Halliburton and...

read more

2015 Outlook: Accounts Receivable Factoring Can Help Fund Anticipated Growth

Posted by Chris on Feb 3, 2015 in Non-Recourse Accounts Receivable Factoring | 0 comments |

More Funding Needed for Expected Growth Small businesses are anticipating some robust growth in 2015. One survey showed that 58% of small business respondents expect sales growth this year. But with the increase, additional funding is needed. In the same poll, 41% reported they would require external funding to continue to grow. That result is indicative of the needs of small businesses overall in maintaining a growth trajectory. Many small companies have significant proportions of their assets tied up in overdue accounts receivable.  Because...

read more

Top Food Processing Companies 2014

Posted by Chris on Sep 11, 2014 in Non-Recourse Accounts Receivable Factoring | 0 comments |

Are you a food and beverage supplier for one of the companies below? IRS issues, being a start-up, client concentration, and other challenges can make obtaining a bank loan impossible. At BusinessCash we have been funding for over 20 years through accounts receivable financing, purchase order financing, and credit protection. We work with suppliers of the big food processing companies. Give BusinessCash.com a call at (888) 400-5930 today. Fill out the form to the right or chat with us. PepsiCo, Inc. Purchase, NY Tyson Foods, Inc. Springdale,...

read more

Back to Top