www.ifgnetwork.com – Invoice Factoring gets CASH for your invoices in 24 hours. Increase cash flow. Easy application process. No long term commitment. Most B2B business eligible. The perfect small business loan. Call 877.210.9748 Now.

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Your Cash Flow Slowed, Accounts Receivable Factoring Can Help

In the most recent issue of Fortune Small Business there is a great article by Jay Gotz. In Jay’s article "Surviving the Recession" he summarizes through downturns in the market you can afford decreased profits if you have cash flow, however the converse is not true. I could not agree more, cash flow is the life blood to any company. Without proper cash flow the business will not function properly and in many cases the ownership and management will pull away from their long terms success strategies to solve short term cash flow issues.

According to a survey by Fortune and Zogby International of business owners in early December they found, 55% of small business owners say it has become harder to collect receivables in the past six weeks. Of those who say it’s gotten harder, 60% describe this as a serious problem. Spending much time in the private sector, prior to founding Troon Funding Services. I can confirm this is a serious problem, because as accounts receivables grow, cash flow tightens.

Accounts Receivable Factoring will allow your company to convert those accounts receivables to cash. As I stated in a previous article cash is king, especially in this economic environment. This additional working capital can be used to take advantage of payment discounts offered by your vendors, look for new opportunities in the market place due to your competitors inability to ship timely, and/or to pay down existing expenses. In all cases with factoring, your business will be in a better cash position.

Is Accounts Receivable Factoring right for You…

Accounts receivable factoring can actually be a very smart move in the game of business if played correctly. To make some quick money, a business owner will sell their receivables at a discounted price to us for cash. In turn, we will turn take full responsibility of the account. Unlike a bank that charges interest on the businesses loan balance, Troon Funding will charge a small discount fee that is paid after your customer submits payment. Again, this method of financing is not a loan and is most beneficial to businesses looking for immediate cash flow, specifically for invoices less than 90 days old.

Author: Darren Grady

If you want to research your options, please contact us at 480-239-9879, or go to our website, Troon Funding Services, for more information on Accounts Receivable Factoring and other products and services we offer.

Author : Darren Grady – http://www.workingcapitalforgrowth.net

Article Source: http://EzineArticles.com/?expert=Darren_Grady

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How can I get a small business loan, I am planning to start a medical staffing business such as Nursing CNA,LPN,RN. I will need a loan from a bank between ,000.

How do I go apply for a small business grant?

How can I get a small business loan, I am planning to start a medical staffing business such as Nursing CNA,LPN,RN. I will need a loan from a bank between $30000 to $50000 to run this business. I strong need advice on how to get this 

Technorati Tags: account receivable, cash flow, factoring, invoice, loans, small business

Credit Card Factoring – How Can It Help Your Business?

Many of you may already know what credit card factoring is. For those who don’t; it is the process in which an investor (factor) purchases a portion of your future, unprocessed credit card sales at a discounted rate. Who in turn advances you a lump sum of money that you pay back over an extended period using a percentage of your daily credit card sales.

Did you catch all that? Here is a more detailed description of what credit card factoring is;

• They are frequently referred to a merchant cash advance or a merchant loan.
• A business factor pays for a portion of your future credit card sales at a discounted rate. The amount is based upon your businesses proven record of monthly credit card sales.

Hypothetically; if your business makes $10K in monthly credit card sales, a factor might advance you $25K.

• The factor will then set up your credit card processing machine to use a small percentage of your daily credit card sales to automatically pay back the advanced amount. Keep in mind that you retain 100% of your cash sales.
• Because a percentage of your daily credit card sales are used; the amount you pay back is different each day. This is referred to as a flexible pay back schedule. On slow days you pay back less, on busy days you might pay more. It works with the flow of your business so as not to create too much strain on your business and to insure a successful payback.
• Generally, the merchant cash advance is set up so that your advance is paid back in approximately 6 – 9 months. Of course this is just a target. The amount of time it takes to pay it back depends on how well your business performs.These are particularly beneficial for businesses that are unable to get a bank loan or if they cannot wait the time it takes for a bank loan to be processed.

What can credit card factoring do for your business?

Here are a few examples of why you might consider getting a merchant cash advance;

• You need working capital for your business and you’ve been turned down by the bank,
• An opportunity has presented itself and you cannot wait the several weeks it takes for the bank to process your loan.
• You like the freedom of having additional working capital when you need it.

Here is something to think about; what would your business do if it had access to an additional $5K to $500K?

This is what some of the businesses that we’ve funded did with the money we gave them;

• The caught up on some of their outstanding debt before it had a negative impact their credit.
• They used the money to expand or remodel their business.
• They expanded their current marketing strategy to go after new markets.
• They invested their money to open a new business location.
• They bought out an existing business partner.

Looking at the list; do you notice what all of these things have in common? They used their merchant cash advance and invested it in a way that will have a positive effect on their business for many years to come. How does your business fit into this list? How would you invest in your business?

Credit Card Factoring is Expensive

Credit card factoring is expensive compared to other types of loans, but if you factor in the potential loss your business might suffer without the money. Or if you consider what you stand to gain with the additional funding; it could be one of the best business decisions you’ve made all year.

Receivables factoring has been around for many years. Credit card factoring in its present form has been around a relatively short time. It is an industry that is growing quickly and for good reason when you consider our current economy. Please use the following link to learn more about credit card factoring.

What can Credit Card Factoring do for your business?
Credit Card Factoring Information

Credit Card Factoring

Many of you may already know what credit card factoring is. For those who don’t; it is process in which an investor (factor) purchases a portion of your future, unprocessed credit card sales at a discounted rate.

Invoice Factoring

Another tip for credit card debt is to simply pay down, or pay off the cards with the highest interest rates. Using single invoice factoring – you could pay off one of your cards every month. Factoring is a way to acquire business …

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So if you really need money and you do not know where to go especially for emergency cases, OnlineCheck.com offers a fast business loan and Credit Card Factoring. They have program made to help and allow you to receive cash in exchange

Technorati Tags: account, credit card factoring, factoring, factoring loan, invoice, small business financing, small business loan

Benefits of Small Business Factoring

Looking for small business financing has always been a challenge for company owners. Even in good times, qualifying for the financing you need has been difficult. As a rule, most banks require that your company has a track record of success and they need a few years worth of financial history.

Most importantly, institutions want to make sure you have collateral – things like equipment and real estate – to back your business loan. Because of this, many industries with no hard assets such as staffing and consulting have a hard time obtaining business loans.

There are others form of financing that can help business owners – at least in some specific situations. One form of financing that has been gaining traction in the past few years is invoice factoring. It can be an ideal solution for companies that are waiting 30 to 60 days to get their invoices paid, but need the money sooner.

For example, let’s say that a staffing agency invoices $200,000 to a client that will be pay in 45 days. In the meantime, the agency needs to pay employee salaries every two weeks. If the company does not have enough capital to pay employees while waiting to get paid, then it will run into problems. In this case, a solution is to get an advance on the invoice by factoring it.

In a factoring transaction, the factoring company advances funds against an invoice. The advance is usually 70% to 90% of the invoices and varies by industry. The advance provides working capital that enables the owners to meet payroll and other business expenses. Once your client pays the invoice in full, you get the remaining funds, less the factoring fee. The fee varies based on a number of parameters but can range from 1.5% to 4.0% for an invoice payable in 30 days.

Qualifying for accounts receivable factoring is relatively easy, when compared to other business financing products. To qualify, the company must be in good standing, free of any liens and have a roster of good paying customers. Factoring companies consider your invoices to be your biggest asset and are very happy to use those as collateral. That makes their services accessible to companies of all sizes, including startups. More importantly, it provides funds to companies whose biggest assets are a good reputation and a list of solid clients.

Author: Marco Terry

About Commercial Capital LLC

Commercial capital is a leading factoring company and provider of invoice factoring. For more information about factoring, please call (877) 300 3258.

Article Source: http://EzineArticles.com/?expert=Marco_Terry

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Technorati Tags: factoring, invoice, loans, receivable, small business

Both factoring and invoice discounting can be described as ways to get immediate cash by selling accounts receivable to a third party, usually a finance company. In fact, the two methods are more similar than they are different.

Factoring, also referred to as asset securitization, is an outright sale of receivables to the finance company. The business gets cash and the finance company collects the debt, keeps the interest and gets a discount fee on top of that for its trouble. Invoice discounting can also be termed a sale of receivables, but in this case administration of the receivables and their collection does NOT change hands. The business that earned the income still holds that responsibility.

Here are some questions to consider in order to choose which method is best for your company:

1. Are you concerned with the cost of collections in your company? Are they getting out of hand? Is your collections area fully staffed with competent and reliable personnel? If you think your company would be better off reducing the amount of resources devoted to this function, factoring is the better choice for you, as a lot of it, but not all, can be offloaded to the finance company. If you already have a well-working collections department you might rather choose invoice discounting. That way your staff and procedures regarding collections remain in place.

2. Knowing that the finance company will undoubtedly treat your customers with the utmost courtesy, respect and professionalism, are you nevertheless concerned that he may prefer to be dealing directly with your company? Perhaps billing requests often come together with customer service requests. Your customer is generally not aware of the sale of his receivable to you with invoice discounting. Not only is he aware of a factoring arrangement, but also he is subject to confirmation calls on individual invoices by the finance company on occasion. If this is something you know would disturb your customers you may need to choose invoice discounting.

3. What are your current informational needs with regard to collections efforts and your customers? Do you currently collect this data and rely on it to make future credit decisions for this customer? Can the finance company provide it in the format and frequency you desire? If not, invoice discounting may be the right choice, so all your current data collection techniques will not be disturbed.

4. What are your cash requirements? With either factoring or invoice discounting, you are paying for the immediate cash. Doing the collections yourself at a normal rate would return you more actual cash. But invoice discounting returns you more cash than does factoring. This is, obviously, because the finance company takes on more responsibility and more duties with factoring than with invoice discounting.

5. How large a portfolio of unsecured receivables does your company hold? How diverse is it? Are there any single customers who hold more than 20% of the total receivables balance? Generally, companies using invoice discounting tend to be larger and have a more diverse portfolio. This could be why they chose invoice discounting, however, rather than a characteristic. They already have the collections efforts and data collections methods in place and the cost and difficulty involved in changing them might be prohibitive for a factoring arrangement. Diversity in the portfolio is something finance companies look for under both arrangements.

Making an honest assessment based on these factors will allow you to make the right choice for your company. You’ll soon be on the way to a healthy cash flow, no matter which you choose.

Author: Michael Russell

Michael Russell Your Independent guide to Factoring

Article Source: http://EzineArticles.com/?expert=Michael_Russell

Introduction to invoice factoring discount part 1:

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Technorati Tags: discounting, factoring, factoring company, invoice, loan, receivables, small business, unsecured

Invoice Factoring As A Short-Term Cash Flow Solution

 by: Henry Byers 68c

Invoice factoring refers to the practice where smaller companies sell invoices in order to receive money today. IN this case they do not have to wait for a credit period of 30, 60, or 90 days. Thus by selling invoices smaller companies do not create debt. This practice of invoice factoring is basically used as a finance management tool.

This practice of invoice factoring is usually adopted to avoid any loans or giving any collateral against availing any loan. The fee for invoice factoring is paid in terms of discount. This discount can ranger anywhere between 2.5% to 7%. As a result of invoice factoring the smaller companies avoid exhibiting any loans on their balance sheets plus they also do not have to pay any interest for the money taken. This results in better profit figures.

Various agencies also help small companies in invoice factoring. These agencies set up the company with the right factor for a particular factoring situation. If someone has an invoice or any receivable to be factored then these agencies come out to help in the same.

These agencies help the manufacturers, distributors, importers, exporters, wholesalers, contractors, suppliers etc equivocally. They also help truckers in construction invoice factoring. These agencies help to locate best factor for a particular situation within the area or can also help to choose from nationwide factoring companies to avail the best rates. They usually customized solution as per the clients need. To avail the services of such companies firstly a form needs to be filled out stating the type of receivables and other details required for invoice factoring. Then these companies approach the probable paying parties that avail invoice factoring. Some of these agencies assume the risk in the deal for non-recourse factoring where the client is not required to pay back.

There are different types of companies with different types of rates for factoring. Any invoices or receivables to the amount of $100,000 can be factored immediately. The average rate payable for discount in such cases is 2-5%.

Some agencies specialize for a certain category of invoice factoring. For example, some agencies indulge only in invoice factoring for medical industry. Some agencies, which cater to small and medium businesses for invoice factoring, create invoices online and receive immediate funding. They usually give a 24 hours turnaround. Other types of agencies also give funds to small businesses for their day to day operations against collateral of their invoice or purchase order. These kinds of agencies also buy mortgage notes, structured settlement annuity or medical receivables.

About The Author

Henry Byers, Retired Accountant and Receivable Factoring advisor at eCPA Group LLC ( http://www.invoice-factoring-hq.com ) publishes other articles related to Receivable Factoring at http://www.accounts-receivables-factoring.info and http://www.factoring-invoice.info.

This article was posted on January 18, 2006..

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Technorati Tags: cash flow, construction factoring, factoring, invoice, receivable, small business, small business factoring