cash-flow
28May

Accelerating the Rate of Cash Flow for Your Business

Posted by NCF On May 28,2020

We live and work in a data-driven economy where business transactions take place in the blink of an eye. Yet despite the rate at which we do business, companies in every industry are experiencing sluggish cash flow due to staggered payment schedules. Fortunately, there is a solution to accelerate the rate of cash flow for your business.

Payment Schedules and Cash Flow

As technology gets better, the rate at which we do business gets faster. However, some standard business practices remain the same. Wall Street and major banks operate on the same schedules, and businesses still issue invoices with staggered payment schedules. These schedules are designed to benefit both businesses and their clients. When businesses issue invoices with payment schedules of 30, 60, or even 90 days, clients get a grace period in which to gather the capital necessary to pay off the balance. For businesses, staggered payment schedules a

factoring
21May

Why Factoring Makes Sense for Businesses during Every Economic Climate

Posted by NCF On May 21,2020

There are many reasons businesses use factoring services. Some want to catch up on accounting and get revenue from unpaid client invoices. Others need short-term working capital to cover expenses or take advantage of time-sensitive business opportunities. Still other businesses use factoring to build up reserves for growth projects. No matter the reasons, businesses have found that factoring is a sensible and stable form of financing whether the economy is booming, stagnant, or in a downturn.

Loans Are Unpredictable

For the past decade or so, businesses have been pivoting away from traditional loans. The requirements set by lenders keep increasing, which makes much-needed financing inaccessible to small businesses that might not have the collateral, credit ratings, or established sales history to qualify for loans. Additionally, interest rates on traditional business loans are subject to change. In 2017 and 2018,

loan-forgiveness
14May

Understanding Debt Risk, Loan Forgiveness, and Business Financing

Posted by NCF On May 14,2020

Businesses all over the United States are seeking financing to keep operations running and weather uncertain conditions amid a pandemic. Since April, business owners have seen stimulus packages and relief loans promising loan forgiveness and minimized risk to borrowers. But what exactly do these things mean and how do they impact businesses? Is there such a thing as stable and reliable business financing?

Debt Risk for Businesses

For the past decade or so, traditional lenders have been trying to minimize their risk by shifting it to borrowers. In order to qualify for loans, businesses must meet minimum credit ratings, have enough collateral to put up against the amount of financing requested, and a long financial history. Unfortunately, these requirements marginalize new and small businesses. Even alternatives to traditional debt-based loans, such as merchant cash advances, have very high interest rates to place

banks
07May

Can Banks Handle the Needs of Business Owners?

Posted by NCF On May 07,2020

At the end of March, the CARES Act was signed into law, which provided special relief loans to businesses across the United States. Immediately, banks were inundated with loan requests, which severely slowed down the approval process. Additionally, the number of requests greatly overshadowed the amount allocated for relief loans, resulting in a total depletion of funds. This prolonged the anxiety and frustration for business owners nationwide. Even those who were approved for relief loans were kept in a holding pattern because there were no funds to be given to them. Now, with a second round of relief loans in the pipeline, can banks meet the needs of business owners?

Banks and Loans

The relief loans offered by banks were supposed to be at no immediate cost to business owners. Similarly, the major banks in the United States have stated that most of their earnings do not come from debt-based financing. However, du

09Apr

Maintaining Cash Flow Amid COVID-19 Concerns

Posted by NCF On April 09,2020

Businesses throughout the United States have been impacted by COVID-19. From service companies to staffing agencies, manufacturers to logistics companies, all sectors have been affected. In order to weather the current condition, it is of the utmost importance that businesses maintain a strong cash flow.

How COVID-19 Impacts Cash Flow

As cities place restrictions on which businesses can remain open, limiting hours of operation, and more, business owners need a way to access revenue quickly. There is no doubt that some invoices will age out to collections. Restricting operations will restrict cash flow, but there is no reason why businesses should have to wait 30 days or longer to get paid for sales made prior to the outbreak. After all, businesses still need to pay bills, make payroll, and formulate a strategy to make it through this bout of COVID-19 so they can resume operations once this is all over. Businesses

We help your company grow by eliminating financial barriers
Get Started
New Century Financial

New Century Financial

X

Factoring Is Simple and Easy

  • No monthly minimums
  • Credit lines up to $5,000,000
  • Quick online application
  • First funding as fast as 24 hours

To Apply for a proposal within 24-hours, please click here or download the PDF Application.

X

Factoring Is Simple and Easy

Trailer Types: Dry VanReefer VanFlatbedStep DeckOther

Are you currently factoring?

To Apply for a proposal within 24-hours, please click here or download the PDF Application.

Monthly Factoring Volume$