Factoring Saves the Sale!

Factoring Saves the Sale!

Factoring Saves the Sale!

You have a major new customer that wants to use YOU for their business. Exciting times… but wait… how will you cover your costs for manufacturing their order? You start to calculate the purchases you will have to make in order to fulfill their order and your headache starts to grow.

 

This is a BIG order and you want to prove that you can do an outstanding job. But cash flow is a bit tight for you right now, and you haven’t been able to secure more bank financing yet. What to do?

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Looking to save more money in your growing business?

Looking to save more money in your growing business?

Looking to save more money in your growing business?

Saving money is always top of mind awareness to any business owner no matter if you are a start-up or a large corporate entity. You go through your bookkeeping with your accountant and look for ways to streamline your business, saving as you go. One of your bigger costs may be purchasing goods from suppliers. Most suppliers will offer discounts for cash on delivery or early payments. They may offer discounts for bulk or larger purchases. How can you take advantage of those discounts?

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Factoring – Why Factoring Can Be Your Company’s Best Cash Flow Option vs Loan to Value Financing

Factoring – Why Factoring Can Be Your Company’s Best Cash Flow Option vs Loan to Value Financing

Many companies started by begging or borrowing from friends and family, or
maybe stealing from their personal savings for their cash flow option. Those
friends and family saw the potential and wanted to help out the founders because
of relationships with them. As those companies grew, they were faced with
increased cash needs yet they were not old enough to have a balance sheet that
reflected all their hard work. They had to find a way to expand their available
cash to fuel the growth of their business. There are a number of ways to get that
cash – I want to discuss two of them.

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