Industry links for Machine Shops

Posted by on Jul 30, 2016 in Business Tools | 0 comments

Want to keep current on industry trends in the machine shop industry? Check out these links: Associations Aluminum Association, Inc. American Association for Machine Translation American Electroplaters & Surface Finishers Society (AESF) American Galvanizers Association (AGA) American Iron and Steel Institute (AISI) American Mold Builders Association (AMBA) American Society for Materials International (ASM) American Welding Society (AWS) Association for Manufacturing Excellence Association...

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Recourse vs Non Recourse Factoring

Posted by on Jun 3, 2016 in Business Tools, Non Recourse factoring, Recourse Factoring | 0 comments

There is a great deal of information on the internet about recourse vs non-recourse factoring. Much of it is wrong. When choosing a Factoring Company it is best that you understand what you are being offered. Recourse Factoring: This means that if the invoice is not paid by your client by a certain date, the Factoring Company can charge that invoice back to you or you can replace that invoice with another good invoice. In some ways, this is similar to a line of credit from a bank with a...

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How to Choose a Staffing Factoring Company

Posted by on May 24, 2016 in Business Tools, Invoice Factoring, Staffing Factoring | 0 comments

Staffing Factoring is a subset of Invoice Factoring with a twist. When picking the right staffing factoring company for your business, critical questions need to be answered: Staffing expertise: As the owner of a temp staffing agency you understand the nuances of your business. Workman’s Comp, relentless cash flow needs, matching the right person with the right job, proper job classifications- The variables to manage are relentless! You need an accounts receivable financing company who...

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Factoring Fees Explained

Posted by on May 14, 2016 in Business Tools, Invoice Factoring | 0 comments

If you are considering utilizing Invoice Factoring to fund your B2B or B2G sales growth, it is important to understand the invoice factoring fees structure and cost to you. Different Factoring companies can charge you for their services in many different ways. What is best for you? The cash flow and other factoring benefits need to be compared to your actual cost of funds to see if you are paying truly competitive rates for this secured receivable financing form of asset-based lending. Our goal...

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Why Factoring Companies can be Better than Banks for Small Businesses

Posted by on Feb 19, 2016 in Business Tools | 0 comments

You own a small business, 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- 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...

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