Bid on Request for Proposals (RFP) with AR Financing & PO Funding

Posted by Chris Curtin on Nov 9, 2017 in Business Tools | Comments Off on Bid on Request for Proposals (RFP) with AR Financing & PO Funding |

Bid on Request for Proposals (RFP) with AR Financing & PO Funding

Bidding success is the primary key driver for companies of all sizes. When making bidding and pricing decisions, it is crucial for companies to ensure that the outcome is to be positive about their general performance. Either the business offers services or goods, it needs to have the right quality for its targeted customers; meaning, before delivery of the final product or service to the end customers, there is a need to review and validate the quality process. Top-quality good or service is always the result of high building blocks (people...

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Staffing Industry Continues to Boom

Posted by Chris Curtin on Jun 19, 2015 in Staffing Factoring | 0 comments |

Staffing Industry Continues to Boom

A shining light in the U.S. economy is the temporary staffing industry. A new report by CareerBuilder shows temporary staffing growing 57 percent between 2009 and 2014. There is a modest growth of 3% for staffing firms in 2018, according to the American Staffing Association. All the talk about the labor market, making a fundamental shift to temp jobs is turning out to be a reality. The continued growth is excellent news for the staffing industry. Staffing firms employed nearly 3.10 million temporary and contract workers per week in the first...

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Shark Tank (Private Equity) versus PO Funding and Receivables Factoring

Posted by Chris Curtin on Apr 29, 2015 in Alternative Financing | 2 comments |

Shark Tank (Private Equity) versus PO Funding and Receivables Factoring

Thinking about Selling Equity in your company à la Shark Tank vs Invoice Factoring or PO Funding. Here are real answers about Shark Tank alternatives to giving up equity in your company versus using non-recourse invoice factoring and PO funding without ownership dilution to grow your business. Shark Tank is a TV show with almost eight million weekly viewers not counting the streaming viewers. One of the “Shark” Investors, Kevin O’Leary likes to call it to venture capital on steroids.  Everybody knows that the deals that happen on...

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How BusinessCash looks at an Invoice Factoring or PO Funding Deal

Posted by Chris Curtin on Dec 4, 2014 in Invoice Factoring, Purchase Order Funding | 0 comments |

How BusinessCash looks at an Invoice Factoring or PO Funding Deal

BusinessCash is a forward-thinking invoice factoring and PO funding company.  You or your business’s limited credit is not the determining factor when a solution is devised for your working capital needs. BusinessCash is more concerned about where your business is going instead of where it’s been.  BusinessCash will want to get to know you and your business before funding your deal. Here are some questions that you can expect to answer and some reasons why these are important. BusinessCash will ask you what industry you’re in, who your...

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Account Receivables Factoring, PO Funding for the Firearms Industry

Posted by Chris Curtin on Apr 21, 2014 in Invoice Factoring, Purchase Order Financing | 0 comments |

Account Receivables Factoring, PO Funding for the Firearms Industry

Account receivables factoring, work in process funding, purchase order financing, and credit protection are all great funding options for the firearms industry. These funding options are based on your clients’ creditworthiness, not your own companies. This opens up funding to the unbankable because of IRS issues, concentration issues, start-ups, turnarounds, and other challenging situations.  You can receive up to 92% of the invoice amount within days of starting the application. You receive the remaining balance once your customer has...

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Government Invoice Factoring and PO Financing

Posted by Chris Curtin on Sep 25, 2013 in Government Factoring | 0 comments |

Check out these great tips on government contracts and being successful: Having a large enough margin is essential in closing the deal. Too many times someone will bid only 5-7% gross margin and believe this will get them the job. On the next round of bidding when they have raised it to 20-40% gross margin they end up losing the bid. Don’t give your services and products away. There is only one thing worse than no sales and that’s selling at a loss. Often times you will need to show your financial capabilities to the Government...

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PO Financing and Receivable Financing for Oil, Gas and Energy Suppliers

Posted by Chris Curtin on Sep 25, 2013 in Oil and Energy Factoring | 0 comments |

Oil and Natural Gas exploration are now at record highs. It is expected to stay that way for decades to come. States such as Texas, Arkansas, New Mexico, California, West Virginia, Pennsylvania, North and South Dakota, and Ohio are feeling the economic surge from the additional energy production. For 20 years, we’ve been funding suppliers to the oil and gas industries with our PO financing and receivable financing cash flow programs.  Everyone from water haulers, frac sand haulers, roustabouts, vacuum trucks, environmental cleanup,...

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Government PO Financing for Contractors

Posted by Chris Curtin on Sep 11, 2013 in Purchase Order Financing | 0 comments |

Government PO Financing for Contractors

Factors have been helping government contractors meet their working capital needs since 1998. Government PO financing programs benefit your business to succeed. Factors understand the Federal Acquisition Regulation (FAR) and dealing with government red tape. Government contract factoring is for both local, state, and federal contracts in the USA. Factoring companies fund a large variety of industry such as IT staffing, lawn contracts, GCs, demolition, painters, concrete, HVAC, paving and site preparation companies; to name a few. Don’t...

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Factoring and Finance for the Cut Flowers/Floral Industry

Posted by Chris Curtin on Sep 6, 2013 in Business Tools | 0 comments |

Factoring and Finance for the Cut Flowers/Floral Industry

California-imported cut flowers account for 79 percent of the total United States supply.  Additionally, fresh-cut flowers are the number one perishable import through Miami International Airport. Factoring and Finance for the Cut Flowers/Floral Industry can help More than 250 cut flower growers make California the top flower producing State in the country.  Nationwide consumers purchase an estimated $17 billion of floral items. As well as a 30 percent of US households purchase fresh cut flowers and greens.  More than half indicate...

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How Does PO Funding Work?

Posted by Chris Curtin on Jun 23, 2012 in Business Tools, Purchase Order Funding, Trade Finance | 2 comments |

How Does PO Funding Work?

Scenario: After much hard work, you finally secure that large purchase order from a creditworthy client. Congratulations! However, you have nowhere near enough working capital to buy the product to fulfill the order. What can you do? You have heard of PO Funding or Purchase Order financing, but you don’t understand how it works, whether you qualify or the steps to being approved. Also, how does PO Funding differ from Invoice Factoring? First, let’s discuss the mechanics of both tools to get you more working capital. Purchase order...

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