Choosing the right factoring company is essential to the success of your business. The factoring market is very competitive, with many providers and different offers. In this article, we show you how to select the best factoring company for your business. Note: If your business is based in Quebec, read this guide. Is factoring right […]
What is a Factoring Notice of Assignment?
The Notice of Assignment (NOA) is a document that factoring companies use to notify your customers that your company is using invoice factoring. Most factors have a customized version of the NOA. However, the NOA usually informs your customers: That you are working with a factoring company To submit payments to a new account/address About […]
Advantages and Disadvantages of Invoice Factoring
Factoring financing has been gaining traction as a way to finance a growing business. It’s a solution that allows you to finance slow-paying invoices from creditworthy commercial clients. Accounts receivable factoring improves your cash flow and provides the financial resources to cover business expenses and grow. If you are not familiar with this type of […]
Freight Factoring Financing for Québec Transportation Companies
Factoring is a financing solution commonly used by carriers and brokers that need financing. It helps improve the company’s cash flow by financing slow-paying invoices. The solution provides the company with funds to operate the business more effectively. This article explains how factoring works and addresses some specific details about the due diligence for carriers […]
What is Accounts Receivable Factoring?
The demand for accounts receivable factoring in Canada has been steadily increasing as companies use this solution to improve their cash flow. In this article, we provide a detailed explanation of how factoring works and how transactions are structured. We cover: What is accounts receivable factoring? How does it work? Types of factoring Advantages and […]
Financing a Small Transportation Carrier with Freight Factoring
Most small carriers are owned by drivers who learned the industry, become owner-operators and eventually grew their fleets. They run lean operations with limited resources, and every dollar is valuable. Owner-operators and small companies are often unprepared to handle the financial difficulties of growing a fleet. This article discusses how small trucking carriers in Canada […]
How to Finance an Oilfield Services Company
Managing the cash flow of an oilfield services company can be a demanding task. The oil and gas industry is dynamic, with periods of fast growth usually followed by sharp slowdowns. In this operating environment, small and midsize companies can face cash flow problems when their growth gets ahead of their financial capabilities. This article […]
How to Finance an Oilfield Transportation Company
Invoice factoring is a popular solution used by oilfield transportation companies with working capital issues due to slow-paying invoices. This article discusses how factoring works and helps you determine if it’s the right solution for your company. We cover: Slow cash flow is a problem Ask clients to pay sooner? Invoice factoring financing Advantages and […]
How to Finance a Commercial Landscaping Business
A common problem for commercial landscaping companies is that corporate customers usually pay invoices in 30 to 60 days. As a landscaper, you often have to provide payment terms to your clients if you want to win their business. However, offering payment terms can expose you to cash flow problems. This article discusses how to […]
How to Finance a Technology Staffing Company
Most staffing companies are launched by entrepreneurs who have a vision but little start-up capital. The companies operate on tight cash flows for their first few years as they grow the client roster. However, growing a company with a tight cash flow is challenging and carries significant risks. All it takes are a couple of […]