Like most distribution companies and resellers, industrial product supply companies are often managed with very tight cash flows because of lower profit margins in a competitive environment, short vendor payment cycles, and extended client credit terms. Clients demand credit terms Industrial sales are often done on credit terms, allowing clients to pay an invoice after […]
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Factoring Financing for Lumber Distributors
One of the challenges of providing lumber to general contractors and builders is that you often need to provide them with 30 to 60 days to pay their invoices. Offering payment terms can strain your cash flow and affect your ability to pay your expenses. This article discusses how lumber distributors can use factoring to […]
Factoring Financing for Technology Consulting Firms
Summary: Most small technology consulting firms have trouble getting financing when needed. Qualifying for a loan or line of credit is difficult. Few small companies can meet the qualification requirements for these solutions. This article discusses how to finance your cash flow using invoice factoring. Factoring is an alternative form of financing that has gained […]
How to Finance a Management Consulting Company
Summary: Management consulting companies are often started by entrepreneurs with long performance track records. These companies can be a lucrative opportunity, though they are expensive to operate. Most small and growing management consulting companies don’t qualify for business financing. Instead, they are financed using their retained earnings. This situation limits the company’s ability to grow […]
Financing for Private Investigation Companies
Summary: Private investigators usually work with insurance and commercial clients. These firms can provide ongoing work reliably and can make great clients. However, they also pay their invoices in 30 to 60 days. This delay can create cash flow problems for detective agencies that need funds sooner to cover business expenses. This article shows how […]
Financing for Utility Construction Companies
Undercapitalized utility construction companies can experience financial problems when they give payment terms to clients. These terms are often non-negotiable and allow clients to pay invoices in 30 to 60 days. This article discusses two solutions: invoice factoring and construction factoring. Both solutions can be used to finance slow-paying invoices and improve cash flow. We […]
Payroll Financing for Hospitality Staffing Agencies
Summary: Most hospitality staffing agencies can be very profitable. However, they typically operate with very tight cash flows. This situation puts small and growing staffing agencies at a disadvantage compared to their larger competitors. This article discusses several strategies to solve this common problem, from improving your business to financing operations. We cover the following […]
Financing for Cellular Tower Maintenance Companies
Summary: Cellular tower construction and maintenance companies often work with large wireless, broadband, and digital service providers. They often deal with cash flow problems because customers pay their invoices in 30 to 60 days. Factoring solves this financial problem. It allows you to finance your invoices and obtain immediate working capital. This article explains how […]
Invoice Factoring for Auto Glass Installers
Summary: Most auto glass installers are small or medium-sized companies. They repair or replace auto glass and then bill insurance companies or claim intermediaries for the work. Glass installers often encounter cash flow problems because claim payments can take 30 to 90 days. This article discusses how to improve your cash flow by financing your […]
Invoice Factoring For Software Development Companies
The biggest expense for most software companies is payroll. Technology equipment is cheap compared to the salaries of software engineers who design, develop, test, and deploy the software. Few entrepreneurs plan for this expense when they start their companies. However, payroll expenses can often trigger cash flow problems for technology companies. Unlike supplier payments, whose timing […]