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 that need capital to improve cash flow as only about 6% of invoices are paid within 30 days. These unpaid invoices do not only affect the businesses in question but also impact the economy, making up 5% of America’s GDP and totaling $825 billion. And while […]
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 and generate enough profit to stay afloat. The staffing industry generated about $497 billion in 2020 and has an estimated growth of over $650 billion for 2022 across […]
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 job-seekers have a hard time finding the right jobs. While predicted to be a $653 billion industry in 2022 by Statista, staffing agencies have become increasingly vital to the business world because they help […]
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. […]
