Username: Save?
Password:
Home Forum Links Search Login Register*
    News: Welcome to the TechnoWorldInc! Community!
Recent Updates
[November 08, 2024, 04:31:03 PM]

[November 08, 2024, 04:31:03 PM]

[November 08, 2024, 04:31:03 PM]

[November 08, 2024, 04:31:03 PM]

[November 08, 2024, 04:31:03 PM]

[October 17, 2024, 05:05:06 PM]

[October 17, 2024, 04:53:18 PM]

[October 17, 2024, 04:53:18 PM]

[October 17, 2024, 04:53:18 PM]

[October 17, 2024, 04:53:18 PM]

[September 09, 2024, 12:27:25 PM]

[September 09, 2024, 12:27:25 PM]

[September 09, 2024, 12:27:25 PM]
Subscriptions
Get Latest Tech Updates For Free!
Resources
   Travelikers
   Funistan
   PrettyGalz
   Techlap
   FreeThemes
   Videsta
   Glamistan
   BachatMela
   GlamGalz
   Techzug
   Vidsage
   Funzug
   WorldHostInc
   Funfani
   FilmyMama
   Uploaded.Tech
   MegaPixelShop
   Netens
   Funotic
   FreeJobsInc
   FilesPark
Participate in the fastest growing Technical Encyclopedia! This website is 100% Free. Please register or login using the login box above if you have already registered. You will need to be logged in to reply, make new topics and to access all the areas. Registration is free! Click Here To Register.
+ Techno World Inc - The Best Technical Encyclopedia Online! » Forum » THE TECHNO CLUB [ TECHNOWORLDINC.COM ] » Techno Articles » Management
 Invoice Factoring For Business Growth
Pages: [1]   Go Down
  Print  
Author Topic: Invoice Factoring For Business Growth  (Read 545 times)
Daniel Franklin
TWI Hero
**********


Karma: 3
Offline Offline

Posts: 16647


View Profile Email
Invoice Factoring For Business Growth
« Posted: November 08, 2007, 10:48:38 AM »


Is cash a little bit tight? Have you ever risked missing payroll? Have you ever had to pass up an opportunity because you did not have enough money? If so, you are not alone. Every business owner goes through those same challenges every day. Some come out on top. Others perish.

What is the biggest difference between those that succeed and those that perish? Cash flow. And plenty of it.

If you work with commercial or government clients, then you are already used to waiting up to 60 days to get paid by your clients. That is ok if your business has lots of resources and a stash of cash in the bank. But what if you don’t?

One of the most frustrating things that can happen to a business owner is realizing that his company is invoice rich and cash poor. Meaning, you have tons of money owed to you by clients (and payable in 60 days) but little cash to show for it. This does nothing for you, if you need to meet payroll in 3 days or need money to buy supplies for a new project. Fortunately, there is an easy way to turn those invoices into cash, without using any collections or heavy-handed tactics.

The solution involves factoring your invoices. Never heard of invoice factoring? You are not alone. Factoring is one of the most used and least talked about business financing tools. It allows you to convert your invoices into immediate cash. It helps you turn your invoice rich business into a cash rich business.

Qualifying for factoring is simple and only takes a few days. As opposed to business loans, you don’t need a long business history or reams of financial statements to qualify. All you need are invoices for credit worthy commercial clients or government clients.

And how does factoring work? Well, it simpler than you think. As soon as you have completed a job, you submit an invoice to your client and send a copy to the factoring company. The factoring company will advance you a substantial portion of your invoice, usually within a day. Once your client pays the invoice, the transaction is settled.

As you can see, factoring provides you with immediate cash as soon as you invoice. This helps you meet payroll, pay suppliers and take on new jobs. With factoring, you can streamline your billing cycle and grow your company, without ever needing a business loan.

Commercial Capital LLC

Looking for a factoring company? We can provide you with a factoring, invoice factoring or accounts receivable factoring quote? Please call Marco Terry at (866) 730 1922 for more information.

Article Source: http://EzineArticles.com/?expert=Marco_Terry

Logged

Pages: [1]   Go Up
  Print  
 
Jump to:  

Copyright © 2006-2023 TechnoWorldInc.com. All Rights Reserved. Privacy Policy | Disclaimer
Page created in 0.1 seconds with 24 queries.