Czech factoring companies financed purchases of claims worth Kc134bn last year, a growth of nearly Kc7bn, or more than 5 percent, year-on-year, data from the Association of Factoring Companies (AFS CR) have shown. Factoring is a financial service based on purchases of claims, usually mature in 30 to 90 days, before their maturity. Domestic factoring amounted to Kc107.3bn and ... [full story]
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More expensive credits and companies limited access to banking loans on the backdrop of the international financial crisis will lead to a 30% advance of the factoring market in Romania in the years to come, say specialists. Factoring is a financial transaction whereby a business sells its accounts receivable (i.e., invoices) at a discount The three parties directly involved ... [full story]
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When your business is facing a short-term financial crunch, factoring can be a useful way to turn outstanding invoices into ready cash. However, choosing the wrong factoring company can lead to headaches, dissatisfied customers, and worse. Here's a few quick tips on how to choose among factoring companies to find the best fit for your business. First, make sure ... [full story]
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A GROUP of residents have been hit with a huge bill after their factoring charges more than doubled without warning. Homeowners in the Gilmerton Road block say their usual charges are around £120 per flat for three months, but their most recent bill rose to £250. They have written to demand an explanation from factors Hacking and Paterson, who ... [full story]
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The Factoring team at Enable Finance Ltd. has reported a threefold increase in enquiries from small to medium sized businesses concerned about cash flow as aged debtors extend. It's now acutely apparent that the credit crunch has imposed some really tough challenges on UK Business and with Banks reluctant to help or less likely to expose themselves further, Companies ... [full story]
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One of the leading leasing companies of Azerbaijan Parex Leasing & Factoring jointly with Ateshgah Insurance Company, BMW official dealer and Improtex Motors Company has launched new joint project. Parex Leasing & Factoring informed that the joint project stipulates financing of the acquiring and insurance of cars of BMW German auto giant under the special beneficiary market conditions. ... [full story]
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The Czech factoring market turnover reached Kc70bn in H1 this year, nearly 17 percent more compared with the same year-ago period, the Association of Factoring Companies (AFS CR) told CTK Monday. Factoring CS, with Kc15.9bn turnover, enjoys a 22.8-percent market share, followed by CSOB Factoring with a turnover of Kc14.3bn. "The first-half results confirm that the forecast of ... [full story]
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AR Cash Flow has offered its views on small business finance. The deterioration in credit markets is putting the squeeze on small businesses and their ability to obtain traditional bank overdrafts. Once upon a time a small business could go to their bank with a sound business plan and clean credit and obtain an easy $50,000 worth of ... [full story]
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AR Cash Flow has outlined its views on factoring and bank loans. Usually, the first thought for a business owner is to seek funds from a bank. Historically, invoice factoring is rarely first thought of when attempting to overcome a working capital shortage. When first introduced to the idea of factoring it is common for a business owner to ... [full story]
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The main constraint in any business that deals with credit clients is maintaining a healthy cash flow. Whereas bank loans come with their own set of conditions like arranging for collateral or guarantees, etc, business factoring or invoice factoring as it is also known, offers a flexible financial tool that provides instant funds against credit invoices. Here is how business ... [full story]
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Freight Factoring Company, Phoenix Capital Group, is providing truckers with the means to survive in a down-turned economy. Phoenix Capital Group (PCG) is a one-stop transportation services provider. PCG's services include factoring, equipment financing, truck factoring, and fuel cards. "The current state of the economy, but in particular sharply rising prices, can cause serious cash flow problems for those ... [full story]
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For anybody who noticed that I didn't write last week (Hi Mom!), I skipped a week because I was on vacation! Which ended up giving me a great topic to write about this week. A big key to my success is routine and anything that throws that out of whack freaks me out. So once I got over the ... [full story]
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The Atlanta Journal-Constitution While checking out the latest recruiting news, this headline from the July 1 edition of the Memphis Commercial Appeal grabbed our attention: “Nets officials praise CDR’s character; No shady players on Jersey’s draft list” Shady players? Color us intrigued. Here’s the gist of the article, spotlighting the Nets’ picks in the recent NBA draft: ... [full story]
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Small Business Invoice Factoring Do you sell products or services to commercial or government customers? If you do, then you must be very familiar with having to wait 30, 40 or even 60 days to get paid by your clients. Most large businesses can afford to wait. Unfortunately, few small business owners can afford to wait - and ... [full story]
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Invoice factoring can provide much-needed working capital to fuel a company’s growth or help them get through a tough period of time. But not every firm is a candidate for this type of financing. Those companies that have a pool of business to business accounts receivable can qualify, assuming their customers are credit-worthy. Here are some examples of situations that ... [full story]
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A bizarre thought came to mind... If you factor out all of the common elements of our lives, from one to the next. What are you left behind? The consequence of factoring is to find the terms in a statement that are significant. So if we factor our lives for the conditions of our existence that are shared, what ... [full story]
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What is Factoring? Do you have clients that take 30, 50 or 60 days to pay their invoices? Although having slow paying clients is expected in today’s business environment, they make managing cash flow a very difficult task. Paying suppliers, salaries and rent becomes a challenge. However, there is a way to solve this problem. The solution involves ... [full story]
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Aim listed Ultimate Finance Group is widening its business into the international factoring market. The group, which provides factoring and general financial solutions provider for small to medium UK businesses, said following its interim results in March, it has been looking for a "fresh approach to the company's direction, implementing a range of new initiatives and developing opportunities." ... [full story]
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Recap of recent article on the benefits of factoring. I just read this article on the benefits of invoice factoring that was really good. Some of the main points: 1. Get an influx of working capital - this helps bring cashflow into the business for operations even when times get thin. 2. Improve cashflow without borrowing - ... [full story]
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Recap of recent article on the benefits of factoring. I just read this article on the benefits of invoice factoring that was really good. Some of the main points: 1. Get an influx of working capital - this helps bring cashflow into the business for operations even when times get thin. 2. Improve cashflow without borrowing - ... [full story]
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Recap of recent article on the benefits of factoring. I just read this article on the benefits of invoice factoring that was really good. Some of the main points: 1. Get an influx of working capital - this helps bring cashflow into the business for operations even when times get thin. 2. Improve cashflow without borrowing - ... [full story]
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If you are looking to sign up with a factoring company, I strongly recommend that you do so with a clear exit strategy. Ideally, you are planning on using invoice factoring in order maintain some positive cash flow during your business' current rapid growth. At some point, your growth rate will slow and when that happens, you do not want ... [full story]
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Baku, Fineko/abc.az. Active introduction of special proposals for purchase of automobiles, attractive conditions of financing and close co-operation with official car showrooms and distributors of leading automobile producers in Azerbaijan allowed Parex Leasing & Factoring to become one of the leaders of the domestic leasing market. The Company reports that constantly making advance for clients they changed conditions of ... [full story]
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Baku, Fineko/abc.az. Parex Leasing & Factoring has completed transfer of 100 passenger buses for intracity routes in the capital of Azerbaijan. The Company reports that the bus project was realized due to joint work with Nihad Motors. Direct investments of Parex Leasing & Factoring in the project totaled AZN 1.964 million. New modern buses differ with comfort and ... [full story]
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A leading factoring company, has signed an agreement to provide a $66 million accounts receivable factoring facility to a leading provider of wireless data services. The accounts receivable factoring facility was a key element of the funding package which enabled the New Jersey based network operator to complete the acquisition of a complimentary wireless technology business, providing nationwide wireless data ... [full story]
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Platinum Funding Group, a leading factoring company, has signed an agreement to provide a $66 million accounts receivable factoring facility to a leading provider of wireless data services. The accounts receivable factoring facility was a key element of the funding package which enabled Velocita, the New Jersey based network operator, to complete the acquisition of SkyTel, a complimentary wireless technology ... [full story]
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Platinum Funding Group, a leading factoring company, has signed an agreement to provide a $66 million accounts receivable factoring facility to a leading provider of wireless data services. The accounts receivable factoring facility was a key element of the funding package which enabled the New Jersey based network operator to complete the acquisition of a complimentary wireless technology business, providing ... [full story]
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Accounts receivable factoring is one of the most commonly known terms in the business world. Businesses everywhere understand that accounts receivable factoring is the easiest and best way to obtain funding. For years businesses have taken advantage of them factoring because of its speedy approvals and ease of qualification. But Love Boat data recovery tape some dangers that lie within ... [full story]
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Platinum Funding Group, a leading factoring company, has signed an agreement to provide a $66 million accounts receivable factoring facility to a leading provider of wireless data services. The accounts receivable factoring facility was a key element of the funding package which enabled Velocita, the New Jersey based network operator, to complete the acquisition of SkyTel, a complimentary wireless technology ... [full story]
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When making the decision to receive financing through invoice factoring, many firms that operate on a global level turn to international factoring companies to meet the growing needs of their multi-national corporation. Through the purchase of accounts receivable, international factoring companies provide invoice factoring, giving companies immediate access to working capital based on the value of the invoice, without accruing ... [full story]
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Recent statistics released by the factoring companies trade association indicate that the number of clients using factoring and invoice discounting showed minimal growth in the first quarter of 2008 compared to the same quarter in the previous year. The number of companies using domestic factoring actually dropped slightly which when one considers the number of new companies being signed ... [full story]
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One thing that’s been on my mind lately is how unstable the Internet is. Not just Internet connections, which can go down without warning (we get a lot of lightning strikes here because we’re up on a hill, and we’re always having our phone, cable or electricity go out when a tree falls on the wires.) But also ... [full story]
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