One of the most frustrating occurrences for small and mid-size business owners is to be offered lucrative contracts for services only to be forced to decline the opportunity due to the demand by the customer for 30, 45 or even 60 day payment terms. Savvy business owners know that through factoring, such contracts not only can be readily accepted, but the modest fees associated with invoice financing can often be passed through to the customer. With a line of commitment established with a factor, your business can set itself apart from the competition and aggressively bid and compete for lucrative business contracts from cities, states, municipalities and large credit worthy corporations and set your self apart from your competition.
Let AZRogala REI find a financial solution for you. AZRogala REI
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Thursday, August 13, 2009
Monday, August 3, 2009
An Independent Broker to the Factoring Industry can save you time & money!
There are several thousand factors across the US, some very large, and many smaller factors and they all have their specialty area. A business owner could make calls to find the factor right for their business, BUT wouldn’t it be wiser to spend the time marketing? This is where an Independent Broker (AZRogala REI, LLC) can work for you and save you the time and prevent you from choosing the wrong factor for your business. A broker will have ready the information and a contact in mind to assist the business prior to the end of their first meeting.
SPOT FACTORING
A factoring line of credit does NOT have to be used on a monthly basis. That’s right, NO MINIMUM amount to factor each month. The industry term is “SPOT Factoring”, by factoring a single receivable only when cash is required for your business. Not all factors will spot factor, some require contracts, and some only factor large amounts. So it is very important to understand factoring and the factors you intend to do business with. Also, why wait to establish a factoring line of credit, save 4 to 7 days, get your account established and then when the capital is needed a receivable can be factored in as little as 48 hours. THAT’S FAST.
A business growth tool… Factoring!
These past several months, while discussing business and the economy with a wide range of business owners, one major topic discussed, is cash flow into the business. I find that the business owners could have $10k+ in receivables and be cash starved. For these business owners new opportunities seem to be far & few between, so the business owner goes into cash conservation. One of the first places they tend to cut or eliminate cost is marketing. Sound familiar with your business?
Not being a marketing person at all, but I do know that by stopping any forward momentum in driving new business is not the right place to cut or eliminate costs. This is not intended to be any marketing 101 class. BUT what if the business owners were able to get cash for that $10K in receivables inside of 48 hours? Do you think that they could afford to keep cash flowing into the marketing campaigns to continue to drive new business? Absolutely! A factoring line of credit can be used for marketing.
Not being a marketing person at all, but I do know that by stopping any forward momentum in driving new business is not the right place to cut or eliminate costs. This is not intended to be any marketing 101 class. BUT what if the business owners were able to get cash for that $10K in receivables inside of 48 hours? Do you think that they could afford to keep cash flowing into the marketing campaigns to continue to drive new business? Absolutely! A factoring line of credit can be used for marketing.
Sunday, August 2, 2009
What is Purchase Order Finance?
Purchase Order Finance or "PO Funding" can be one of the more difficult types of commercial finance to secure for fast growing businesses. Factors, however, routinely provide some amount of purchase order finance as "pre-ship" invoice financing. Traditional purchase order finance is provided through companies that specialize in that transaction.
Our clients benefit from our established relationships with some of the largest providers of purchase order finance nationwide. While requirements and qualifications for purchase order finance will vary from lender to lender, some are relatively standard.
To qualify for purchase order financing your business generally must:
· have an established factoring relationship.
· not be re-packaging or simply creating an inventory with the product.
· have an established and acceptable credit history.
· be funding orders of significant size ($100,000 and larger).
Purchase Order Finance is an extremely powerful tool for importers purchasing goods from the Europe, the Pacific Rim, and elsewhere. In some instances, international factoring transaction can provide the necessary financing bypassing the more complex area of purchase order
finance. To discuss the availability of purchase order finance for your particular application, either contact an AZRogala REI, LLC representative directly or complete our online quick application/profile.
Purchase Orders for services to be performed, rather than goods to be delivered, are virtually never acceptable for typical purchase order funding. This type of finance is considered "contract finance" and is generally obtained through local commercial lenders such as banks or unique providers of such services.
Our clients benefit from our established relationships with some of the largest providers of purchase order finance nationwide. While requirements and qualifications for purchase order finance will vary from lender to lender, some are relatively standard.
To qualify for purchase order financing your business generally must:
· have an established factoring relationship.
· not be re-packaging or simply creating an inventory with the product.
· have an established and acceptable credit history.
· be funding orders of significant size ($100,000 and larger).
Purchase Order Finance is an extremely powerful tool for importers purchasing goods from the Europe, the Pacific Rim, and elsewhere. In some instances, international factoring transaction can provide the necessary financing bypassing the more complex area of purchase order
finance. To discuss the availability of purchase order finance for your particular application, either contact an AZRogala REI, LLC representative directly or complete our online quick application/profile.
Purchase Orders for services to be performed, rather than goods to be delivered, are virtually never acceptable for typical purchase order funding. This type of finance is considered "contract finance" and is generally obtained through local commercial lenders such as banks or unique providers of such services.
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