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.
Small Business Factoring: How It Works & Why You Need It
Small Business Struggles
Small businesses have struggles, it’s the nature of the beast. Around 80% make it past the first year, but only about 50% make it past the five year mark according to the US Small Business Administration. So, what is it that takes a small business down? Often, they do good service or put out a great product, but they’re unprepared for the ebbs and flows of their invoices.
This is a common problem and one that could perplex even the most sophisticated businessmen. So, don’t let it weigh you down. There are ways around this, though. One of them is to give yourself working capital--room to breath regardless of the invoice and payroll fluctuations that sink so many companies.
Small Business Factoring: How It Works
Factoring is the process of selling your invoices to a company like United Capital Funding in order to get up to 80% of their value almost immediately. This gives companies, especially small businesses, the flexibility they need in order to thrive. That means no more worrying about whether you’ll make payroll or whether you can afford to cover the next time equipment breaks down. If you have invoices in-hand, we can help.
Why You Need It
Maybe you don’t. If you’re getting paid on all your invoices, in a reasonable amount of time, and it isn’t constraining how you run your business, then this may not be a service you need. But, if you’ve ever experienced pain from an unfulfilled invoice, then small business factoring could likely help you more than you think. Contact us today!
Our entire process is focused on getting you the money you need to be flexible sooner rather than later. That means we work quickly and that’s in the interest of everyone involved.
Can My Company Benefit?
Likely, yes. But, there are a few companies for whom small business factoring seems to work more than other. This includes:
These are far from the only industries, obviously. But, if your business is in one of these fields and you’re here looking for information on factoring or invoice selling, then you should get in contact with us. We’re happy to point you in the right direction, even if we’re not the right partner for you.
Article Posted On: June 05, 2018