Summary: Private investigators usually work with insurance and commercial clients. These firms can provide ongoing work reliably and can make great clients. However, they also pay their invoices in 30 to 60 days. This delay can create cash flow problems for detective agencies that need funds sooner to cover business expenses. This article shows how […]
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Financing for Utility Construction Companies
Undercapitalized utility construction companies can experience financial problems when they give payment terms to clients. These terms are often non-negotiable and allow clients to pay invoices in 30 to 60 days. This article discusses two solutions: invoice factoring and construction factoring. Both solutions can be used to finance slow-paying invoices and improve cash flow. We […]
Payroll Financing for Hospitality Staffing Agencies
Summary: Most hospitality staffing agencies can be very profitable. However, they typically operate with very tight cash flows. This situation puts small and growing staffing agencies at a disadvantage compared to their larger competitors. This article discusses several strategies to solve this common problem, from improving your business to financing operations. We cover the following […]
Financing for Cellular Tower Maintenance Companies
Summary: Cellular tower construction and maintenance companies often work with large wireless, broadband, and digital service providers. They often deal with cash flow problems because customers pay their invoices in 30 to 60 days. Factoring solves this financial problem. It allows you to finance your invoices and obtain immediate working capital. This article explains how […]
Invoice Factoring for Auto Glass Installers
Summary: Most auto glass installers are small or medium-sized companies. They repair or replace auto glass and then bill insurance companies or claim intermediaries for the work. Glass installers often encounter cash flow problems because claim payments can take 30 to 90 days. This article discusses how to improve your cash flow by financing your […]
Invoice Factoring For Software Development Companies
The biggest expense for most software companies is payroll. Technology equipment is cheap compared to the salaries of software engineers who design, develop, test, and deploy the software. Few entrepreneurs plan for this expense when they start their companies. However, payroll expenses can often trigger cash flow problems for technology companies. Unlike supplier payments, whose timing […]
How to Finance a Growing Distribution Company
Summary: Growing product distributors and wholesalers often have to manage difficult cash flows. They must balance their order flow and supplier expenses while working with clients who pay invoices in 30 days. This situation can lead to cash flow problems. This article discusses how distributors can improve cash flow and finance growing orders. We review […]
Invoice Factoring for Consulting Companies
Summary: Consulting companies are usually high-margin businesses but are expensive to operate. Professional services companies must retain highly skilled employees who command high salaries. Consequently, payroll is usually their largest and most important expense. Consulting companies must have enough working capital to cover payroll as the business grows. This challenge for new and growing consultancies […]
Receivables Financing For Automotive Supply Companies
Most automotive supply companies operate on relatively thin margins and tight cash flows. In this competitive industry, suppliers give every incentive possible to win their client’s business. One of those incentives, offering payment terms, often causes financial problems. Most auto manufacturing companies and their supply chain providers demand payment terms as a condition of doing business. This condition allows […]
Eight Factoring Application Roadblocks
Most factoring applications can proceed quickly if a prospective client does not have significant problems. However, open liens, legal issues, or tax problems affect your chances of getting funding. Knowing how to handle these problems ahead of time improves your chances of success. Here are the eight most common roadblocks to having your factoring application […]