What Makes a Purchase Order a Legal Contract? Is a PO Agreement Legally Binding? Understanding a Purchase Order versus a Contract when ordering Goods or Services. Purchase orders and contracts are legally binding agreements in business transactions. Understanding the differences between the two is crucial. This article provides definitions, differences, and information on purchase order […]
Bankers Factoring Blog
Welcome to the Bankers Factoring Company Blog about small business issues, government contract sales, start-up funding, payroll funding, invoice factoring, A/R financing, and purchase order funding.
Invoice Factoring Blog
Here is information about starting, growing, and exiting business ownership that we think our fellow business owners will find exciting and compelling. We continue to learn and grow as owner-employees in this entrepreneurial journey offering business owners non-recourse invoice factoring.
We will discuss the differences in invoice factoring companies, invoice factoring costs, hidden fees, cash flow problems, other financial solutions, and having a healthy cash flow; all the issues small business owners deal with daily.
The Perception of Factoring by Entrepreneurs is Changing
Even the SBA Understands the Need for Invoice Factoring Is Factoring Invoices a Good Choice for Entrepreneurs? The 31 million Entrepreneurs in the USA need help to avoid becoming part of the 82% of businesses that fail due to poor financial management. What if we told you there is a fast funding source that requires […]
Invoice Factoring for Court Reporters
Cash Flow Solution for Court Stenographers Uncertainty in the financial system from recent bank failures, rising consumer debt, and inflation contributed to Goldman Sachs raising their odds to a 35% chance of a recession (NBC). With the growth in court reporters and remote depositions, being an independent government contractors or small businesses, need financial tools […]
Understanding Merchant Cash Advances or MCA Loans
MCA Loans can be Very Fast but Very Expensive Working Capital at an Expensive Price Small business funding or financing issues impact over 50% of current business owners. Merchant cash advances (MCA) seem easy to inject working capital into operations. However, depending on the information on your credit, there can be other funding options that […]
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 […]
Invoice Factoring for Delivery Companies
Same-Day Delivery Company Invoice Financing Through Invoice Factoring, Delivery Companies get Working Capital Faster. There are over 1.2 million trucking companies delivering goods in the US. Many of these trucking companies met with a high volume of unpaid invoices on 30-90 day payment terms, creating gaps in cash flow. When faced with expenses such as […]
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 Factoring will provide immediate funding. How Does Invoice Factoring Work? The […]
What is a Factoring Company Reserve?
Why Does an Invoice Factoring Company Hold Back or Reserve a Percentage of Your Invoice? What is an Invoice Factoring Reserve? Factoring companies hold back a portion of your sold invoices called the reserve account for contingency purposes. In invoice factoring, a reserve helps reduce risk in chargebacks, credit memos, or vendor returns. The factoring […]
What is Cash Against Documents (CAD) Financing?
Is CAD Financing a Cheaper Way to Finance Imported Goods? Controlling Ownership Documents Drive CAD Funding Business Transactions Cash Against Documents (CAD) Funding CAD, also known as Documents Against Payment, is a cost-effective alternative to a letter of credit in international trade transactions, allowing for improved net cash flow. Cash Against Documents (CAD) financing is […]