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.
THE
FACTS OF
FACTORING
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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.