Non-notification factoring is a form of receivables factoring that minimizes interactions between the factoring company and your customers. It avoids most concerns associated with factoring and enables clients to operate with fewer restrictions. In this article, we cover: What is non-notification factoring? How does non-notification factoring work? Advantages Service costs Qualification requirements Is sales ledger […]
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Factoring to Finance a Medical Imaging Center (and Improve Cash Flow)
Operating a medical imaging and diagnostic facility can be very capital intensive. A number of expenses, such as lease payments on diagnostic equipment and office space, need to be paid regularly. Diagnostic centers also have high employee costs for office personnel, nurses, and medical staff. These combined expenses place a heavy – and constant – demand on your operating […]
Useful Resources for Truck Drivers
Here is a list of useful resources for truckers. We are constantly updating this list. If you have a suggestion, please contact us through our Google+ or LinkedIn pages. Load boards Getloaded DAT uShip Landstar List of free load boards Truck Stop Locators CB 39 Truck Stop Locator Truck Stop Info Plus Travel Centers of […]
Best Mobile Apps For Truck Drivers (Truckers)
Here is the list of the best smart phone mobile applications for truckers. We car constantly enhancing this list. If you have a suggestion, please let us know through Linkedin. Document Management Tranflo Transflo is a mobile scanning solution that handles document delivery. Drivers can use it to send documents to carriers. And carriers can […]
How Quickly Can Invoice Factoring Companies Provide Financing?
One advantage of factoring over other options is that many finance companies can get you funding quickly, usually within days. However, several things can delay the transaction. This article explains the factor’s onboarding process, potential transaction challenges, and how to streamline your funding process. We cover: Overview of the process Setting up the account Getting […]
Can I Sell My Invoices to Improve My Cash Flow?
Small business owners are often challenged when a large customer requests 30 to 90 days of credit to pay an invoice. As a business owner, you want to offer credit terms because it improves your ability to sell to large clients. However, offering credit terms can also hurt your company if you don’t have financial […]
How Can Medical Providers Solve Cash Flow Problems?
The medical industry has experienced a period of unprecedented growth. Companies that provide medical services, such as doctor’s offices, diagnostic centers, and durable medical equipment providers have served a higher number of patients in recent years. Unfortunately, the amount of money that private and government insurers pay for insurance claims has actually been decreasing. And, […]
Can Medicare and Medicaid Provider Payments Be Financed?
Working with tight cash flows is one of the main challenges of running a medical office, diagnostic center, nursing home, or any business that invoices medical insurance claims. This problem is increasingly common because three trends are happening at the same time: Insurance payment amounts are decreasing Payment times are increasing Operational costs are increasing […]
Freight Factoring Case Study – Fast Trucking, Inc.
This case study shows how invoice factoring is used to solve the cash flow problems of a trucking company. To protect client privacy, we have changed some details (including their name) in this case study. Also, the numbers have been simplified to make the case study easy to understand. However, the key facts and lessons […]
Invoice Factoring Case Study – Business Consulting, Inc.
This case study shows how invoice factoring can be used to solve the cash flow problems of a consulting company. We have changed some details (including their name) to protect client privacy. Also, the numbers have been simplified to make the case study easy to understand. However, the key facts and lessons remain. 1. Setting […]