What’s the Difference Between a Soft and Hard Credit Inquiry? Bankers Factoring only uses Soft Pull Credit Inquiry on your Factoring Application. Soft Pull versus Hard Credit Pull by a Factoring Company As banks tighten their lending requirements, more business owners are turning to expensive MCA loans. A cheaper and safer alternative is invoice factoring, […]
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.
Permanent Working Capital: Guide for Effective Management
What is a permanent working capital loan? You can secure permanent working capital through invoice factoring. Permanent working capital is the consistent amount needed to cover a business’s daily expenses. It’s crucial for smooth operations and financial stability. This guide will explain what it is, why it matters, and how to manage it effectively. Please […]
Find the Best Business Loan for Your Needs
The best small business loans and financing options Do you need the best small business loan for your company? This article covers top options, such as term loans, invoice factoring, and SBA loans, to help you find the perfect fit for your needs. Key Takeaways Understanding Business Loans Securing a business loan is essential for […]
What is a Managed Services Agreement?
What is an MSA in Business? Learn What a Management Service Contract Means. A managed services agreement, or MSA, is a type of contract detailing an agreement between the provider (a managed services provider or MSP) and their client. An MSA is a senior service-level agreement that defines a statement of work and the terms […]
Best Small Business Factoring Company
What Makes the Best Invoice Factoring Company for a Small Business? Questions to ask to end up with one of the best invoice factoring companies Factoring Company Summary The best small business factoring company, Bankers Factoring, turns unpaid accounts receivables into working capital for entrepreneurs and startups. Factoring financing also starts with an easy online […]
Cash Flow Loan: How It Can Boost Your Business
Revenue-Based or MCA Loans A cash flow loan or merchant cash advance offers quick financial assistance specifically for short-term cash flow management in businesses. Such loans provide expedited access to capital without the requirement of significant collateral, making them perfect for businesses that are newer or lack substantial assets and need to meet expenses, deal […]
How to stay away from the worst factoring companies
Protect your business when choosing the best invoice factoring company Staying Away from the Worst Invoice Factoring Companies Can Save Your Business Dodging the pitfalls of shady factoring companies is key to preserving your business’s financial health. High fees, binding contracts filled with jargon, and poor service can turn factoring from a relief to a […]
Understanding Factoring Rates & Factoring Fees
How Much do Invoice Factoring Companies Charge? What is the Typical Invoice Factoring Rates & Advance Amounts? Understanding Invoice Factoring Rates & Fees Many business owners attempt to compare bank APR interest rates to an invoice discount fee or A/R factoring rates. The problem is twofold. With hundreds of different factoring companies, we wrote this […]
Your Complete Guide: How to Switch Factoring Companies Effortlessly
Can You Cost-Effectively Switch Invoice Factoring Companies? Switching factoring companies can be critical for managing your business’s finances. In this guide, you’ll learn how to switch factoring companies with an emphasis on cost-effectiveness, service quality improvements, and keeping things going of cash flow. We provide a simple account of preparing, choosing, and transitioning to a […]