Receivables Factoring for Machine Shops

Posted by on Jan 9, 2015 in Machine Shops | 0 comments

Today machine shops are CNC(Computer Numerical Control) using CAD and CAM software as vital production aspects of making precision parts. Machined metal & amp; plastic parts are made for the aerospace, automotive, computer and electronics, construction equipment, defense, medical, military, optical, and telecommunications industries. From Cincinnati Ohio to San Antonio Texas the industry employs over 78,000 people with $12,724,421,000 in shipments. For precision, machined products industry...

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Invoice Factoring-Factoring of your AR

Posted by on Jun 15, 2012 in Business Tools, Credit & Collection, Non Recourse factoring, Non-Recourse Accounts Receivable Factoring | 0 comments

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 AR is 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...

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What is AR Factoring?

Posted by on Jun 1, 2012 in AR Funding, Business Tools, Non-Recourse Accounts Receivable Factoring | 0 comments

AR Factoring or Accounts Receivable Factoring is the selling of your Invoices to a Factoring Company. It is not a loan like a line of credit from a bank but the sale of an asset (Your Invoices) to a third party Invoice Factoring Company. Many terms and abbreviations are used to describe the same transaction: AR Factoring, AR Funding, Accounts Receivable Financing, Invoice Factoring, etc. However, they all mean the same thing. Versus waiting 30-60 days to get paid by your creditworthy client, an...

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