Stop Waiting On The Government To Pay Your Invoices
Working with the government is good business. You know the money is coming and it’s a steady stream of work. However, your company spends weeks or months waiting on a paycheck that you earned a while ago. For some, that income is necessary to keep the lights on, let alone keep employees paid. There is a way to get a majority of this money within a week.
A Merchant Cash Advance Loan: we did the math
Like a sheep in wolves clothing, the MCA product is a troubling and rapidly growing segment of the small business online lending industry today. A small business owner must be very careful and understand the true cost APR of this kind of capital. If they don’t, they run the risk of true financial Armageddon, and a wise small business owner should seek all other reputable options for capital before selecting to get a seemingly low cost, fast MCA for their small business enterprise.
Buyer Beware! How To Do Due Diligence On A Business
In the fast-paced and interconnected world of commerce and technology, the need for businesses to protect themselves has never been greater. Businesses seeking a provider for services must start a due diligence effort before signing any contractual agreements. If not, they put their own capital or employees at risk. Merriam-Webster defines the term due diligence as research and analysis of a company or organization done in preparation for a business transaction.
4 Ways to Spot a Bad Customer
It is said that one of the secrets to running a successful business is to have only great customers and to avoid the bad ones. This makes perfect sense, but is much easier said than done.
Collapse of MyPayrollHR: What should I do?
As was widely reported online and in most business-related publications, the abrupt closing of the payroll giant processor, MyPayrollHR has left small businesses and their employees scrambling in a state of financial panic. And with good reason. MyPayrollHR and its parent company, Value Wise Corporation closed last Thursday (September 5, 2019) without any warning. It shut down its website and stopped returning phone calls. The company stated that it had over “5,000 companies as clients” as of this past summer. To say this has caused trouble for their former clients would be an understatement.
5 Reasons Your Small Business Needs Invoice Factoring
Small Businesses With Big Dreams
As a small business owner, you face dozens—if not hundreds!—of challenges and decisions every day. Taking advantage of growth opportunities feels impossible without the funding to support it. You know and appreciate the saying “you have to spend money to make money.” But you can’t even spend your own money because it’s tied up in accounts receivables! What’s a small business owner to do?
Reach Your Goals with Invoice Factoring
Invoice factoring companies are third-party, commercial finance business who purchase your unpaid invoices. In a matter of days, you can have up to 90% of this previously captive capital—to put to work—at no risk for you. You are your business’s hero and have more important things to do than fuss over invoices. Let someone else take on the drudgery so you can focus on your passion.
1. Build Your Brand
Good designers and websites don’t come cheap. It’s tempting to settle for student work or a Photoshop-loving friend. But why entrust your company’s heart and soul to an amateur? Instead, transfer your accounts receivables and hire the best to brand your business.
2. Advertise To Your Advantage
Maybe you already have a logo you love—you just need to show it off! Free up some cash to run a digital campaign online, get ads in an industry publication, or film a commercial and pay for airtime. Outshine your competition with some strategic and effective marketing.
3. Increase Your Inventory
Is your busy season coming up? It’s frustrating to know you could sell more if you could only buy more inventory and supplies! Sell off your accounts receivables to fill up your stockroom and take advantage.
4. Equip Yourself Effectively
Do you need more equipment, machinery, or vehicles? Transfer your accounts receivables instead of taking a loan. You’ll be able to confidently invest in your business without worrying about crazy interest rates.
5. Honor Your Help
Are you blessed with fantastic employees? Show them your appreciation with training, raises, or incentives. Investing in your employees increases productivity and retention while saving time and money. This means your profits increase as well! Make it happen with factoring.
UC Funding: Your Partner in Growth
Above all, you as a small business owner need trustworthy partners. For more than 20 years, United Capital Funding has successfully assisted with the B2B and B2G invoice factoring of nearly every U.S. business leader. Contact us for more information on how we can guide you towards success.
Article Posted On: September 05, 2018