Call us: 281-870-9182
Staff factoring is a sale of outstanding payroll invoices to a third-party factoring company. It is a type of business financing to maximize cash flow and effectively fund daily operations. Staffing factoring allows staffing businesses to access the capital needed to recruit, hire, onboard, and run payroll.
Freight factoring is when a company that transports a load sells the resulting invoice from that haul to a financial company at a small discount. This can also be known as invoice factoring, load factoring, transportation factoring, or accounts receivable financing.
Most banks that issue a revolving line of credit want a business to have less than 20-25% concentration with any one customer. If your customers have good credit, factoring is one of the best options for a company with a small customer base.
Defined as the amount of money a business has on-hand to pay for short-term expenses, working capital is an effective way to measure a business’s short-term financial security.
Monthly minimums, termination fees, cancellation fees and admin fees. Unlike many of our competitors, you’ll never see these often hidden rates charged by Catalyst. Learn what these charges mean and why you should avoid them.
A business’s communications with its customers, particularly around finances and payment, is essential to the business relationship. So naturally, one of the first questions a business new to factoring often wants to know is how we will work with their customers, known to us as account debtors.
We all love a good Shark Tank episode, but did you know there are other ways to finance your business that don’t make you give up equity? We outline several options to consider.
We’ll outline the different terminology in factoring invoices versus a traditional bank loan. This can help you better understand how factoring works.
Accounts Receivables financing, commonly known as factoring, is an often misunderstood type of funding. In this article, we outline the common confusions.
Through advances in financial technology, there has been an emergence of online financing companies that promise credit line approval in as little as 5 minutes. The process sounds fast and easy, but what are you really giving up by going through this automated process?
Complete the initial inquiry and receive funding within 48 hours.