Is an invoice a legal document? How to make an invoice legally binding When completing business transactions and dealing with invoices, there may be confusion on the exact definition of an invoice and whether or not invoices count as a legal contract. In simple terms: an invoice is not a legal contract, and in this […]
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.
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 (known as a managed services provider, or MSP) and their client. An MSA is a senior service-level agreement that defines the terms of responsibility for […]
What does Factoring Your Invoices Mean?
What does Receivable Factoring Mean in Business? Don’t Wait for Customers to Pay their Invoices. Use Invoice Factoring. Is factoring invoices good for my business? Invoice factoring means what it sounds like: you get money for your invoices or accounts receivables (AR). This allows your business to access cash without waiting for customer payments. Nevertheless, […]
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 to be educated on how […]
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 […]
Tiered Factoring Pricing for Start-Ups
Invoice Factoring Pricing based on your Sales Volume Fast Growing Start-Up Companies Pay Less for A/R Factoring as they Grow. Are you a rapidly growing startup needing AR Financing? Don’t get locked into high flat fee factor pricing. With tiered non-recourse invoice factoring from an employee-owned factoring company like Bankers Factoring. The faster you grow, […]
8 Requirements to Qualify for Invoice Factoring Services
Factoring Funding Faster Steps with Your Company Data The Steps to Faster Factoring Funding You are reading this because your company has cash flow issues or is expecting a big order, and you hope invoice factoring can fix your working capital constraints and get your business funding fast. At Bankers, we are happy to help […]
What is a Notice of Assignment in Factoring?
Why is a Factoring Notice of Assignment (NOA) important when selling your A/R? What is a notice of assignment in factoring? It is a letter that informs the business owner’s customers of your relationship with a factoring company. The notice of assignment letter is the first communication between the invoice factor company and the account […]
What is a UCC Filing in Invoice Factoring?
Invoice Factoring and the Uniform Commercial Code Uniform Commercial Code (UCC) Filing in Factoring Summary Factoring companies file UCC-1 financing statements to protect their interests and provide solution for the factor and its clients. UCC filings place liens on a specific asset or blanket liens on all business assets for factoring agreements. The lien reveal […]