FastUpFront Small Business Blog

It all seemed so promising… Last year, Senator John Kerry’s Small Business and Entrepreneurship Committee managed to not only save several small business loan programs that were effectively reduced or completely nixed under the President’s proposed 2009 budget, but they also managed to secure over $100 million in additional funding. This additional funding was supposed [...]

In the face of a glooming recession, much of the business world has adopted a hang on mentality when it comes to their employees. Rather then having to go through the process of loosing and later replacing productive, experienced workers, many companies are doing whatever they can to keep their workforces intact. Currently, the most [...]

A new brokerage for invoice factors launched January 1, 2008 which could possibly provide a boost within the invoice factoring industry: FactorLane.  The website is supposed to be similar in concept to The Lending Tree, which is a mortgage broker site.  Factors bid for company invoices, and companies rate the various factors. Although this is [...]

I came across a blog for aromatherapy providers with a post about the type of factoring called ‘invoice discounting.’  The gentleman who wrote it is from the UK – but it sounds as though they do things very similarly over there. Anyway, a few things caught my eye and I wanted to go over them: [...]

I found a great review about invoice factoring and invoice discounting by Henry Byers – It has a history (since the Romans), definition, list of industries which use factoring, etc.  Remember, credit card factoring / financing has all the benefits of invoice factoring, with less risks. I particularly like how Byers boils down what invoice factoring is, he [...]

Now the article I’m refering to is actually RE invoice factoring.  I recommend credit card factoring due to lack of fees, less hassle, etc…  I wrote a short post comparing Invoice Factoring vs Credit Card Factoring Anyway, here‘s a rather nice summary of factoring and how it works. My favorite bit:  Factoring is a long established and [...]

Yesterday I read an article online about how great invoice factoring can be. The article warns business owners to confirm all the cost details associated with the factoring advance. It suggests verifying the following potential fees: Application fee Due diligence fees Credit reporting fees Background or lien search fees Factoring company lock box fees Minimum monthly [...]