Why Can’t I Have Two Factoring Companies? Invoice factoring is a fantastic financial tool that can help your business grow and thrive. Because of this, you may be wondering if having two factoring companies may provide even more benefits to your business. Or, you may be wanting to switch factoring companies and are wondering if […]
Frequently Asked Questions
Invoice Factoring Frequently Asked Questions (FAQ): What is A/R factoring, how does it work, and how can you use A/R financing to safely increase your working capital.
Why Do My Customers Send Payments to the Factoring Company?
Payments to the Factoring Company’s Lockbox is the Key to Factoring Invoices When receiving invoice factoring, you may be wondering why your customer now has to send your payments to the factoring company instead of to you. Rest assured not to worry – this is a common occurrence in the factoring industry and is how […]
How to Talk to Your Customers About Factoring
Explain to Your Customers About Using Invoice Factoring Explaining the Benefits of Invoice Factoring to Your Customers When selling your invoices to Bankers Factoring, letting your customers know that you are using invoice factoring is an important and necessary step. Many large companies already pay factors, but some may need educated on how factoring helps […]
Venture Capital vs Invoice Factoring
Factoring versus Angel Investment Comparing the use of invoice factoring and venture capital funding as financial solutions. Invoice factoring and venture capital are both financial tools startups may look towards to increase cash flow. Startups need cash and need it now – according to a study by CB Insights, running out of cash is one […]
How Do Factoring Companies Buy Accounts Receivable?
Why Sell Your Invoices to a Factoring Company? Safe Working Capital. When companies are stuck with 30-90 selling terms, need the cash flow, and invoice factoring fills these gaps. Factoring companies provides immediate working capital. Factoring companies that buy accounts receivable, such as Bankers Factorin will provide immediate funding. How Does Invoice Factoring Work? The […]
Is Factoring a Loan?
What is a Factoring Company versus a Bank Loan? Factoring is not a loan but the sale of your invoices to a Factor A common misconception is that invoice factoring is a loan. However, this is not the case, and factoring is very different from bank loans. On a daily basis, businesses face problems with […]
Why Factoring Companies Need Bank Statements
Confirming Your Monthly Cash Flows and if Any Loans Exist Factoring Invoices is Thousands of Years Old Factoring companies are one of the oldest forms of financing in history. They buy invoices from businesses and extend cash for you to raise money. Cash flow struggles hurt 93% of companies. If your business needs commercial funding, […]
Which is Better, Recourse or Non-Recourse Factoring?
Why Choose Non-Recourse Factoring Many businesses looking into factoring encounter the decision of what type of factoring, recourse vs non-recourse factoring, to choose. They are not sure what the difference is and what route to take. So what are the advantages and disadvantages of factoring receivables non-recourse? And is factoring receivables without recourse a good […]
Why Do Factoring Companies Verify Invoices?
By Verifying Your Invoices, You get Working Capital Faster. By working with factoring companies, businesses get the working capital and the cash flow they need. This allows their business to grow and thrive more. A factoring company like Bankers Factoring (Bankers) will buy your invoices, providing safe and fast funds. Invoice verification is an important […]