Tom Rankin - Articles

Factoring Financing - How Food Service Providers Can Benefit From Factoring
In this article, we will discuss how invoice factoring can be a great way for companies in the food service provider industry can get much needed cash flow in a matter of days rather then waiting the 30-60 days it generally takes for a customer to pay their invoice Read
By: Tom Rankin | 18/11/2009 | Finance

Improving Cash Flow with Invoice Factoring
Smart companies throughout the United States are improving cash flow with invoice factoring. In order for a business to operate, there must be sufficient cash or operating capital, available to pay expenses and keep operations going. Many companies struggle with cash flow problems and rely on debt in order to stay afloat. Read
By: Tom Rankin | 12/11/2009 | Finance

Tips on Chosing a Factoring Company
While factoring can be a great way for a business to raise money, it can also be a huge pain if a company chooses the wrong factor to work with. A bad factoring company can cost a business a lot of money, threaten the relationship between that business and their clients and generally sully the experience. Therefore, it is very important for a business to perform due diligence when choosing a factoring company Read
By: Tom Rankin | 02/11/2009 | Finance

How Invoice Factoring Can Help Temp Staffing Agencies Grow
Many of a temp agency’s expenses can not be put off, it is important that they be able to secure money right away. Each of their employees will need to be paid, so will rent and utilities. All businesses needs supplies and so temp agencies will have to be able to raise the money necessary to purchase those.These businesses have two primary options: apply for a loan and hope for the best or use invoice factoring. Read
By: Tom Rankin | 19/10/2009 | Finance

Payroll Financing
We all know that the banks do not provide a friendly credit environment to small, growing businesses. If they offer any money, it usually isn’t enough. This often leads to an inability to grow your company due to a lack of funds. Well, there’s a type of financing out there that is greatly increasing in popularity in our industry. It’s called factoring, also known as invoice factoring, accounts receivable financing, or purchase order financing. Read
By: Tom Rankin | 14/10/2009 | Finance

What is Factoring and How It Can Help Any Business
Factoring is a form of asset-based financing and is the process of selling commercial accounts receivables by a business in order to obtain immediate cash payment of the accounts before their actual due date. Read
By: Tom Rankin | 04/09/2009 | Accounting