For several years, invoice factoring has been closing the small business financing gap. Sometimes, however, small businesses need more funding opportunities to sustain cash flow, and they are curious to know if they can receive funds from different factoring companies at the same time. We know invoice factoring is a great financing alternative, and you […]
Many business owners believe that the profits they make is what sustains their businesses. While this is true in some respect, consistent cash flow is essential to maintain and grow business operations as strong cash inflows help you pay your bills on time, purchase equipment and inventory, and turn a profit in a scalable manner. […]
By 2030, 21% of America’s population will be aged 65 and older. While this is not inherently cause for alarm, it does signal a rise in demand for healthcare and caregiving aids, meaning there’s no better time to start a healthcare staffing agency. This is evidenced by the fact that the U.S. will need to […]
Unpaid invoices hinder the day-to-day operations of small businesses across the country, as only 55% of B2B invoices are paid on time. While 54% of small businesses have come to terms with late invoice payment being a norm, this doesn’t have to be the case for your company. Many business owners have found a way […]
Businesses exist to make money, and staffing agencies are no exception. Running a successful staffing agency requires the agency to make enough money to manage business expenses while simultaneously generating enough markup per contract to continue generating profits. But how do recruitment and staffing agencies get paid, and who pays them? Recruitment and staffing agencies […]
When it comes to non-traditional financing solutions, invoice financing and factoring are common alternatives to transforming your accounts receivables for quick funding. Both options are similar as they provide a cash advance for business owners to increase working capital and scale their growth. However, some differences exist between them, and in this article, you’ll explore […]
Even with an advancing economy and substantial availability of work opportunities, employers have a hard time finding the right talent, and jobseekers have a hard time finding the right jobs. That’s where staffing agencies come into the fold. Staffing agencies have become increasingly vital to the business world because they help employers find candidates who […]
It is not uncommon for businesses to struggle while working on net 30 or net 60 payment terms with clients. Since obtaining a loan from banks is not easy for most small business owners, they often turn to invoice factoring. However, like every other financing option, invoice factoring does not come without a few risks. […]
