Should I use an MCA for short-term financing?
In this article, we want to dive into what an MCA loan is and why we think you would only want to resort to it if you have no other options.
Factoring Resources
Is Invoice Factoring Right for Your Staffing Company?
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.
5 benefits to using a freight factoring company
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.
Struggling to get financing because of customer concentration? Factoring can help.
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.
Working Capital Financing Options
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.
How much could these common invoice factoring fees cost your business?
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.
Will my customers know I’m factoring?
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.
What alternative financing options do you have if the bank says no?
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.
What is the difference between factoring and a bank line of credit?
We’ll outline the different terminology in factoring invoices versus a traditional bank loan. This can help you better understand how factoring works.
Common Factoring Myths
Accounts Receivables financing, commonly known as factoring, is an often misunderstood type of funding. In this article, we outline the common confusions.