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.
Why Choose AR Factoring For Your Business?
Accounts receivables (AR) are about as useful as a check you can’t cash out. Waiting to get your money is the name of the game in many industries, but that doesn’t mean it’s easy. But why shouldn’t you get that money sooner? It’s your money after all!
Why Small Business Invoice Factoring Is The Right Choice
Bills are everyone’s worst nightmare. Especially when the money for those bills is MIA. It’s also an unfortunate truth for many small businesses—invoice payments often come in weeks or months later and it’s hard to keep up. But what are you going to do about the bills you have right now?
Florida-based Commercial Finance Firm to have Expert Speak at International Conference
Tampa, FLA (August 22, 2019) – United Capital Funding Chief Marketing Officer Mark Mandula will represent the commercial finance firm at WOA’s inaugural convention in Belgium. The conference will start on Tuesday, October 7, 2019 and is a two-day event that offers networking and educational opportunities to professionals in the finance industry. The theme of the conference is “A World of Opportunities.”
Why Choose AR Factoring For Your Business?
Accounts receivables (AR) are about as useful as a check you can’t cash out. Waiting to get your money is the name of the game in many industries, but that doesn’t mean it’s easy. But why shouldn’t you get that money sooner? It’s your money after all! Luckily, there is a way to get most of your money faster without having to wait for your clients. Find out why you should choose AR factoring for your business.
Remind Me Again, What Is Factoring?
Factoring is a pretty straightforward and simple concept. Basically, you take your accounts receivables and sell them to us. Once approved, at least 80% of your cash gets to you within the week. The remaining money, minus our service fee, is given once your client provides the payment in full. No longer do you have to wait weeks or months for your paycheck. But why should your company choose AR factoring in the first place? Well, there’s more than one reason, even if your company isn’t in a financial crisis.
So Why Should You Choose AR Factoring For Your Business?
There’s more than one reason to make the decision to factor. We receive clients who feel they don’t have the right reason to factor. And we always respond in the same way: there’s no wrong reason to factor! To dispel any concerns, let’s discuss a few fields and how factoring helps a business.
- Finance. We’ve covered an example of factoring in finance before. As a refresher, imagine your company supplies other businesses with products. However, that business doesn’t pay you for those supplies until a month later. Factoring that invoice enables you to grow faster and be more secure financially.
- Staffing. These sort of companies have a specific type of challenge. With a workforce that needs to be paid, payment occurs on a regular basis. But without the right funds, this puts the company in a tough spot. Factoring gets your money to you within the week to distribute.
- Information Technology (IT). Many IT companies bill on a 30, 60, or 90-day invoice. While this allows for an easier time for your clients, it’s plenty nerve-wracking for you! During this wait time, you’re expected to pay your bills and also your employees. Factoring these invoices gives you peace of mind and the resources to keep your lights on.
Discover The Benefits Of AR Factoring For Your Business
Ready to begin the factoring process? Apply today and see what heights your company is taken to. If you have any questions for us, please call 866.647.2680 or contact us online. We look forward to hearing from you.
Article Posted On: August 30, 2019