How NowCorp Tracks and Improves Cash Flow Management
All businesses run on cash. If it slows down or stalls, everything else does too. According to a study, 82% of small business failures are linked to cash flow issues: not a lack of profit, but the simple issue of money not being in the right place at the right time. Late payments, seasonal dips, […]
What Is a Factoring Company?
If your business has struggled with cash-flow problems, you may have searched high and low for ways to keep operations moving. One of the most popular solutions is invoice factoring, which means selling unpaid invoices to a third-party factoring company for immediate cash. A factoring company account advances most of your invoice value within a […]
The How-To Guide to Working Capital
If you’re looking to grow your business, you need to know your net working capital and how it affects your business’s potential. If you’d like to check in on your business’s ability to grow and invest, calculating your net working capital is a great place to start. This number is the most accurate way to […]
Why the Difference Between Net Profit vs. Gross Profit is Important for your Business
A few years after starting a new business, you’ve learned a lot. The processes involved in owning your own company are constantly evolving and changing, so there is always more to learn. One essential is knowing the jargon, but it can be a struggle to find the time to teach yourself the terminology, especially in […]
How Does Invoice Purchasing Work?
If you’re a business that uses invoicing as part of your regular billing, you know the hassle of waiting for payment. Clients who pay the normal “on time” invoice still have 30 days. Slow payers can take up to 90 before paying in full. The average net 30 invoice gets paid in around 50 days, […]
How Does a Working Capital Loan Work?
As a small to medium business owner, you know the importance of having a ready-to-access fund of working capital. It’s the cash you use to pay for the everyday expenses in your business. When your working capital is healthy, there is no problem covering payroll. Cash flow gaps will occur during the course of running your […]
Business Credit Reports: How Your Experian, Equifax, and D&B Scores Are Used
You know the importance of staying on top of your personal credit score. You’re constantly reminded how a good credit score can help your finances — and how a bad one can harm it. What about your business credit score? Well, businesses should be just as interested in their credit score as individuals are in […]
How to Get Faster, Easier Invoice Payments Now!
Quickly Free Up Working Capital for Your Small Business with a Better, Safer Alternative than Invoice Factoring Loans. Small and medium-sized businesses like yours need ready working capital and fast access to reliable cash flow to compete in today’s rapidly-changing business environment. You need money to keep your business operations running smoothly, purchase inventory and […]
Working Capital for Your Small Business With No Debt or Risk
How to Raise Working Capital and Cash Flow During High Inflation Without Debt, High Interest, or Added Risk! Economic slowdowns raise business risks and can result in a cash flow crunch and working capital shortages. Small businesses that sell to other companies (B2B) and government agencies (B2G) are especially vulnerable. When prices skyrocket, it doesn’t […]
Building Stronger Cash Flow for Your Staffing Company
Learn Why Staffing and Recruiting Agencies No Longer Have to Wait to Get Paid on Client Invoices. Cash flow is the lifeblood of staffing and recruiting firms. When forced to wait 30, 60, or 90 days for clients to pay their invoices, it can lead to a severe working capital shortage not just for day-to-day […]