Banks can Capture Depository Relationships Even with Non-Borrowers Bankers Factoring is the “Farm System” for Community Banks and Credit Unions Bankers Factoring and Banks Working together can safely grow each other’s client base. Banks want to add commercial clients that generate treasury management services and fee income. This is hard to do if they cannot […]
Did you know that the easiest way to find new business is to network? But how do you network in the time of Covid?
Here are some networking tips and other business growth hacks every business owner should know.
This section of our blog is for all the business improvement thoughts of the owner-employees and friends of Bankers Factoring.
Using Accounts Receivable Selling Terms to Grow Your Business Offering Selling Terms to Customers with Bad Debt Protection A Guide to Selling on Terms Selling on terms is when a business extends credit payments over time to its business (B2B) or government (B2G) customers. Credit terms allow customers to avoid paying cash upfront to their […]
Mortgage brokers: add factoring to your product offering Invoice Factoring is Counter Cyclical to the Mortgage Industry Mortgage rates have gone from 2.9% to 5.9% to !$? What will this do to the average mortgage broker in 2023 and beyond? This is a great time to add brokering invoice factoring to your mortgage brokerage business […]
Factoring Services for Advertising and Marketing Companies Media Clients Pay Slow. Turn 30-90 Day Invoices into Working Capital. Marketing Company Factoring Summary Marketing firms and advertising agencies provide strategy and lead generation for businesses. Managing advertising fees, video production, social media, and content management is very costly. Marketing companies need consistent cash flow to meet […]
Working Capital for Auto Body and Rebuild Facilities Factoring Finance for automotive repair and body shops overcomes the problems of slow-paying customers and weekly expenses. Auto and truck service facilities working with rental car companies, dealerships, fleet operators, and insurance companies can wait up to 120 days for payment. Options are available for companies struggling […]
Invoice Factoring versus Selling Stock Unlimited Working Capital with Bad Debt Protection versus Ownership Dilution Non-Dilutive Funding versus Selling Equity Finding ways to finance a new business is challenging without giving up ownership or equity shares. However, invoice Factor Financing provides capital funding without debt or equity funding. With non-recourse invoice factoring, there is no […]
Use Receivable Factoring Finance to Create Working Capital Selling A/R to Fund Your Business Summary of Selling Invoices to an Invoice Factoring Company Selling accounts receivable (A/R) or receivable factoring finance helps businesses struggling with cash flow from waiting months for customer payments. A/R factoring injects working capital into companies from the sales of unpaid […]
Make Your Business Recession Ready Recessions can have Upsides for Businesses that are Prepared. Economic uncertainty is running high nearing the end of Q3, with a recent Bloomberg survey of economists indicating a 47% chance of a recession in the coming 12 months. With continually rising US interest rates, international conflicts hurting supply chains, and […]
Is Factor Financing Good or Bad for My Business? When to Use Invoice Factoring Summary A/R factoring financing is a quick funding solution for businesses with unpaid invoices. Factoring invoices helps startups, small businesses, and not-yet bankable companies secure short-term financing solutions. Let’s explore some invoice factoring pros and cons. Advantages and Disadvantages of Factoring […]