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How to Select the Best Invoice Factoring Finance Company for your Business By Marco Terry
What is factoring?
Factoring is an innovative method of business financing that allows clients to get an accelerated payment on their slow paying invoices. Traditionally, when a company offers its services to another business, they need to wait between thirty to sixty days to get paid. Although companies that have a large cash cushion in the bank can absorb the cost of waiting to be paid, small and medium sized businesses cannot. This can jeopardize a company's ability to meet existing payment obligations, or worse, prevent it from capitalizing on new opportunities.
This is where factoring can be a very helpful tool. A factor can provide... [ Read Article ]
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| In the News |
Business community embraces stadium
Voters in the Richmond County Democratic Party's July straw poll might have rejected the idea of a baseball stadium on the Savannah River, but downtown business owners and residents who attended a meeting with Ripken Baseball officials Thursday enthusiastically embraced it. Read More ...
Commissioners debate NCC financing
The debate over the financing for a new Tannersville campus for Northampton Community College, which has roiled Monroe County's commissioners for much of the summer, exposes two different perspectives and philosophies: one is based in trust and the other... Read More ...
GE Capital and KBZ Communications Announce Floorplan Financing Agreement for Technology Resellers
HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--GE Capital’s Commercial Distribution Finance (CDF) business announced today that it has entered into a new agreement with KBZ Communications, Inc. to provide inventory and working capital financing to resellers that want to acquire KBZ products, including Tandberg telepresence and video equipment. As a business that will lend more than $25 billion to 36 ... Read More ...
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