Progress payments are common in the construction industry. They are also one of the reasons why many factoring companies cannot work with subcontractors in the construction industry. This article discusses how progress payments work, why they are a problem for some factoring companies, and how construction factoring overcomes those issues. We cover: What is a […]
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Factoring for Owner-Operators
Most truckers become owner-operators because they want more money and the freedom to run their own business. But, above all, they want the opportunity to grow and make a successful trucking company. Unfortunately, most owner-operators experience problems because they don’t have enough money to run the business. They are caught off guard when they don’t […]
Small Business Purchase Order Financing
One of the greatest challenges for small product wholesalers is getting an order too large for them to fulfill. Large orders are good only if you have the financial resources to fulfill them. If you can’t fulfill them, you risk losing the order – and the customer – to a competitor. Being unable to handle […]
Medical Receivables Factoring Benefits
Factoring has gained popularity as a solution that provides financing for medical practices, diagnostic centers, and other types of healthcare businesses. This article includes some of the most important advantages of working with medical factoring companies to improve your cash flow. 1. Improves your cash flow The most important benefit of using medical receivables factoring is that your cash […]
Financing a Nursing Home with Medical Factoring
Running a successful nursing home can be challenging. Managers and owners have many demands calling for their constant and immediate attention. One the most persistent and important demands is cash flow. Cash flow demands must be handled correctly to avoid serious problems that could, ultimately, compromise care. Slow payments are a problem A common source of […]
Financing a Pharmacy with Medical Factoring
Most independent pharmacies operate in a challenging, competitive environment. On one hand, they face strong competition from large pharmacies and discount chains. On the other hand, they face payment pressures from insurance companies that want to reduce the value of each claim, and pay it slower. Often, this pressure leads to cash flow problems since few […]
Government Purchase Order Financing
Selling products to the US government can be lucrative, especially for small business owners who qualify for the 8(a) program. This program offers several opportunities to companies that meet its criteria – usually small businesses, minority-owned businesses, and women-owned businesses. Product contracts often have large values that exceed the financial capabilities of small government vendors. […]
How Loans Against Purchase Orders Work
Getting a large purchase order can be a great opportunity if the company has the funds to fulfill it. Unfortunately, small companies often miss these opportunities because they lack the funds to execute the transaction. In this article, we discuss a way to finance purchase orders. We cover the following: How are purchase orders financed? […]
How Much Does Purchase Order Financing Cost?
Summary: Purchase order financing is commonly used by small companies that have won a large purchase order but don’t have the financial means to fulfill it. This article discusses the average PO financing rates and how transactions are structured. This information will help you determine if PO financing is the right solution for you. The […]
Owner-Operator Financing Options
Making a move from being a truck driver to being an owner-operator can be financially rewarding. However, it can also be very challenging, especially during the initial months of the business. As a new business owner, you need to worry about things that your employer used to handle. One of the greatest challenges for truckers […]