Non Recourse Factoring Vs Recourse Factoring
Monday, February 9th, 2009There are very few things more important to a new, starting small or medium business than cash equity. There are many things that count as equity for example business equipment, cash on hand, line of credit, and even invoices. That’s right! Invoices can be a means of equity for almost any business, but getting a working cash flow is usually only possible through recourse or non recourse factoring.
What exactly is non recourse factoring? How does non recourse financing differ from recourse financing? Is non recourse financing right for your blooming business? Let’s take a few moments to explore the answers to these fascinating questions.
Factoring Companies - Ask About Hiddens Fees
Friday, January 30th, 2009There are literally hundreds of factoring companies to choose from in the modern economy. Each of these companies presents its own set of benefits and advantages to using their company. However, there are a few tips and tricks that can be learned before setting out to find financing companies that will best suit individual needs.
The first aspect to consider when choosing appropriate factoring companies is that there are no hidden fees. Many companies promise great return only to discover that there are invoice fees, charge back fees and other fees that the financing companies are not upfront about. Ask and inquire about hidden fees such as phone calls or any other fees that may not have been mentioned in the company literature. Most reputable factoring companies incorporate the fees for invoices, and other expenses in the percentage that they offer to buy invoices.
Guide To Selling A Structured Settlement
Thursday, January 29th, 2009Many people throughout the world have structured settlements or annuities with the desire of turning these future payments into a lump sum of cash. In other words they wish to sell their future or periodic payments.
This is SSQ’s official guide to selling structured settlements.
1) Determine the exact amount of money that you need and the reason that you are cashing out your fixed income.
2) Next you need to find out your payment details. This can be accomplished by calling the company or entity that is making your periodic payments (usually an insurance company). For example, they will state you are receiving 146 additional payments of $500 per month.
Finding A Recourse Factoring Company Made Easy
Monday, January 12th, 2009Do you have a lot of invoices that will be due in the future? Does your business offer lines of credit? Many small or medium businesses find it beneficial to offer credit to customers, but those same businesses often need that money today not 3 months from now. When bills come due for you, those invoices can work for you today. Finding a reliable recourse factoring company can solve your problems by developing a working capital for your needs rather than having capital on an invoice.
Slow paying customers can break almost any new business, and banks are usually reluctant with helping your business get on its feet. Recourse factoring companies offer a viable solution to your cash flow problems. By allowing a factoring company to hold your invoices today, you can get a cash advance on future payments now rather than later. When those invoices get paid, you are paid any remaining amount directly from the factoring company.