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 grow 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...
read moreBenefits of Non-Recourse Accounts Receivable Financing vs. Bank Loans
manyNon-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 capital....
read moreNon-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 huge shift in commodity prices. Yet, 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 as usual. Companies that supply oilfield service...
read moreNon-Recourse Accounts Receivable Financing for Oil and Gas Vendors
What do Texas, Colorado, Oklahoma, West Virginia, Wyoming and North Dakota have in common? They were all recently cited as six of the top 10 fastest growing states in the country. Additionally, all of them can name domestic oil and/or natural gas production as a component of their success. These states join Alaska and California in fueling our country. “Increased oil and gas supplies will bring an economic renaissance to the United States,” petroleum economist Philip Verleger declared recently. “Energy independence, once...
read moreInvoice Factoring-Factoring of your Accounts Receivable
One of the more perplexing issues in business ownership is that as business sales decrease, cash flow gets better (in the short term) because you put out less money now as the accounts receivables are collected from previous robust sales. However, as times get better and sales increase; labor and materials need to be paid, for now, accounts receivables balloon and a new cash crunch begin. In this situation, Invoice Factoring or the Factoring of your Accounts Receivable can help. Accounts receivable financing through invoice factoring allows...
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