Invoice Factoring 101

Welcome! Here you’ll find useful tips and advice from industry experts looking to help solve your company’s cash flow needs.

Invoice factoring

How Factoring Can Help Get Young Businesses Off the Ground

September 30, 2019/in Factoring Blog, Invoice Factoring 101, Small Business Blog /by Triumph Business Capital

Starting a business requires a leap of faith. Even when you know you’ve got the skills and know-how to be a success, there are many ways that your budding venture can go wrong. Arguably, the toughest part for any entrepreneur is securing the funds to gain traction and grow despite having secured contracts with clients. […]

Factoring

How Factoring Can Get Your Business Through the Rough Patches

September 23, 2019/in Factoring Blog, Invoice Factoring 101, Small Business Blog /by Triumph Business Capital

Every business has rough patches — times when money is tight, and you’re wondering how you’ll make ends meet. As of 2019, more than half of all start-up businesses will fail within four years. A lack of money is the no. 2 reason that businesses fail. A lack of money can also lead to other […]

What is invoice factoring?

Learn the Lingo: Common Terms Related to Invoice Factoring

September 6, 2019/in Factoring Blog, Invoice Factoring 101 /by Triumph Business Capital

If you’re new to invoice factoring, you might come across some terminology that you’ve never seen or heard before, it can be a little bit like learning a new language. At Triumph Business Capital, we always want our clients (and potential clients) to understand what we’re talking about when we use factoring terms. With that in mind, let’s talk about what […]

Invoice factoring versus merchant cash advance

4 Key Differences Between Invoice Factoring and Merchant Cash Advance

July 30, 2019/in Factoring Blog, Invoice Factoring 101 /by Triumph Business Capital

Every small business owner knows that cash flow is the life blood of a company. With it, you can purchase raw materials and inventory, pay your overhead expenses and keep up with payroll. Without it, you may find yourself unable to fill orders or meet your financial commitments. For these reasons, business owners seek out […]

Invoice Factoring

Dos and Don’ts to Keep in Mind When Choosing the Right Factoring Company

June 28, 2019/in Factoring Blog, Invoice Factoring 101, Small Business Blog /by Triumph Business Capital

Invoice factoring

Invoice Factoring: A Beginner’s FAQ

June 21, 2019/in Factoring Blog, Invoice Factoring 101, Small Business Blog /by Triumph Business Capital

Invoice funding

Don’t Sign an Invoice Factoring Contract Without Asking These Questions

March 26, 2019/in Factoring Blog, Invoice Factoring 101, Small Business Blog, Trucking Blog /by Triumph Business Capital

As we’ve discussed in previous blog posts, invoice factoring is a type of accounts receivable financing that converts outstanding invoices — due within 90 days — into immediate cash for your small business. But before you sign any type of contract or agreement for an invoice advance loan, it’s essential to ask the right questions […]

Invoice-factoring-what-you-need-to-know

Invoice Factoring 101: What You Need to Know

March 15, 2019/in Factoring Blog, Invoice Factoring 101, Small Business Blog /by Triumph Business Capital

Invoice factoring application

What Small Businesses Should Know About the Invoice Factoring Application Process

February 5, 2019/in Factoring Blog, Invoice Factoring 101, Small Business Blog /by Triumph Business Capital

Working with commercial invoice factoring companies has numerous benefits and can provide near immediate cash flow for your business. In fact, factoring companies can help small businesses bridge invoice payment gaps with upfront payments, providing nearly all of the original invoice amount. That money is then immediately available for you to use to fund your […]

Bad debit

How to Know if Your Small Business Has ‘Bad Debt’

January 31, 2019/in Factoring Blog, Freight Broker Blog, Invoice Factoring 101, Small Business Blog, Trucking Blog /by Triumph Business Capital

Economies are unpredictable and demand for certain products or services ebbs and flows depending on any number of reasons. Bankruptcies in the U.S. increased to 25,227 companies in the second quarter of 2016 alone. It’s important to stay on top of corporate finances, especially in the early stages of business development and avoid ‘bad debt.’ […]

Invoice payments

Tired of Late Invoice Payments? These Strategies Can Help

January 23, 2019/in Factoring Blog, Invoice Factoring 101, Small Business Blog /by Triumph Business Capital

It may sound shocking, but it’s true: Nearly 60 percent of invoices are paid late. Considering the fact that small businesses (defined as businesses with fewer than 500 employees) account for 99.7 percent of all business in the United States, late invoices are often a sign of a bigger financial issue. Invoice payment and collections […]

Small business cash flow problems

Exploring Common Small Business Cash Flow Problems (And Their Best Solutions)

January 23, 2019/in Factoring Blog, Invoice Factoring 101, Small Business Blog /by Triumph Business Capital

Small businesses (defined as businesses with fewer than 500 employees) account for 99.7 percent of all business in the United States, making them a fundamental part of the economy. But anyone who’s ever owned a small business can tell you that it’s not always easy to stay afloat when it comes to competition and cash […]

business credit scores

3 Ways Invoice Factoring Will Affect (Help!) Your Credit Score

January 17, 2019/in Factoring Blog, Invoice Factoring 101, Small Business Blog /by Triumph Business Capital

Your business credit score is something that can have a huge impact on how you’re perceived by your customers, competitors, and potential lenders and investors. The higher your score is, the more credible and trustworthy you’ll seem. Invoice factoring is a form of business financing that can impact your credit score. At Triumph Business Capital, […]

Transportation Company Invoice Factoring Tips

Choosing a Factoring Company for your Trucking Business?

January 15, 2019/in Factoring Blog, Invoice Factoring 101 /by Triumph Business Capital

Nearly 12 million trucks, rail cars, locomotives, and vessels move goods over the transportation network. Commercial transportation requires a great amount of attention to detail, which is just one reason so many professionals have been relying on services from transportation factoring companies and other types of small business factoring. Invoice factoring is a type of […]

Trucker Owner Operator Tips

7 Tips to Help You Thrive as a Trucking Owner-Operator

January 8, 2019/in Factoring Blog, Invoice Factoring 101, Trucking Blog /by Triumph Business Capital

As a trucking owner-operator, you know that running a successful business requires you to wear many hats. You’ve got to be thinking about everything from gas mileage to depreciation to cash flow. The new year is here, and that means this is a good time to look to the year ahead and think about what […]

Freight bill factoring

Triumph Business Capital’s Complete Guide to Freight Bill Factoring

January 2, 2019/in Factoring Blog, Invoice Factoring 101 /by Triumph Business Capital

Is cash flow an issue for your trucking business? If so, you should consider freight bill factoring. You need funds to pay expenses and grow your business, and you can’t always afford to wait 30, 60, or even 90 days for customers to pay. Fortunately, invoice factoring can help bridge the gap between when you […]

freight factoring

Freight Factoring 101: How Does Freight Factoring Work?

December 18, 2018/in Invoice Factoring 101, Trucking Blog /by Triumph Business Capital

Owning and managing a freight company isn’t easy. In the course of the day, you may wear many different hats: owner, manager, accountant, marketer, and human resources manager, to name a few. And when you’re juggling so many things, it’s easy to let something important slip through the cracks. That’s where freight factoring comes in. […]

invoice factoring

New to Invoice Factoring? Avoid These Common Mistakes

December 12, 2018/in Factoring Blog, Invoice Factoring 101, Small Business Blog /by Triumph Business Capital

It’s been estimated that if all invoices were paid on time, U.S. small businesses could collectively hire 2.1 million more employees, which would reduce unemployment by 27 percent. That’s just one reason why more and more businesses are working with invoice and freight bill factoring services. But before you decide whether this service is right […]

invoice factoring myths

Don’t Fall for These Myths About Business Invoice Factoring

October 5, 2018/in Invoice Factoring 101, Small Business Blog /by Triumph Business Capital

There are nearly 28 million small businesses in the U.S., and in today’s uncertain economic climate, many small businesses struggle to stay afloat as a result of insufficient funds. In fact, according to a U.S. Bank study, 82 percent of businesses that fail do so because of cash flow problems. For many small businesses, however, […]

Increase Cash Flow

3 Quick Ways to Increase Cash Flow

April 27, 2017/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

Cash is king. You know this as well as anyone else. Without cash, you can find yourself in some pretty uncomfortable situations, like not having enough money for payroll, or making late payments to vendors and bill collectors. So what can you do to manage your cash flow effectively? Let’s take a look at three […]

Invoice Factoring

Debt Collection vs. Invoice Factoring: What’s The Difference?

April 20, 2017/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

It’s not only been days, but weeks—or even months—since you performed work for your client, and you still haven’t received payment. Sound familiar? As a professional, you need to be paid on time. You’ve got people to support and bills to pay. You may be considering using a debt collector to secure payment from your […]

Invoice Factoring Service

Get Paid On Time While Maintaining Business Relationships

April 13, 2017/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

Let’s face it, money can get in the way of any relationship, whether business or personal. And small or mid-size business owners like you never want to compromise relationships with customers or vendors. But without the funds to pay your bills on time, how can you avoid damaging your relationship with your vendors? And how […]

About Invoice Factoring

Cash Flow Gaps? Boost Your Bottom Line with Invoice Factoring

April 6, 2017/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

You’re running a small or mid-size business and that takes money—lots of it. But coming up with the capital you need, when you need it, can often pose significant challenges—like how to meet payroll, pay vendors, upgrade equipment . . . the list goes on and on. So how do you manage cash flow effectively? […]

Small Business Factoring

How Much Does Invoice Factoring Cost?

January 26, 2017/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

Don’t you love that feeling—you know, the one you get when an invoice pays? With invoice factoring, you don’t even have to think about processing invoices, and you can forget about having to wait 30, 60, or 90 days to receive your client’s payment. You can actually get paid today. When calculating the cost of […]

Invoice Factoring Companies

Invoice Factoring vs. Traditional Bank Loan: What’s The Difference?

January 19, 2017/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

Invoice factoring and a bank loan have very little in common—other than the fact that both provide cash to small businesses. Here’s a simple factoring vs. bank loan comparison to help you decide which can work for your business. Invoice factoring With invoice factoring, you simply convert your invoices into immediate cash to cover operating […]

Accounts Receivable Financing

4 Funding Options for Your Small Business in 2018

January 12, 2017/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

What are some of the popular types of short-term funding available to small businesses? How can you fund your business? You’ve got questions; we’ve got answers! 1. Bootstrapping Bootstrapping is a funny word for a smart financial concept. The term comes from the phrase “pulling oneself up by one’s bootstraps.” An individual is said […]

Accounts Receivable Financing

The Ultimate List of Funding Options Every Small-Business Owner Should Know About

January 5, 2017/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

It’s a big world out there. We’re talking the world of funding for small- to medium-sized businesses. That’s why we’re giving you a bird’s-eye view of the available options—everything you need to know about funding your business. Invoice Factoring You may have heard of it; maybe you know a company or two that use it. […]

Factoring Funding

Is Invoice Factoring Right For You?

November 22, 2016/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

Invoice factoring is a saving grace for many industries, from transportation and staffing to small and mid-size businesses as well as government contractors. In fact, invoice factoring can offer welcome financial relief if you’re just starting a business, have bad credit, can’t get funding from banks, or are at risk of losing your business. A […]

Business Factoring

4 Common Risks Associated with Factoring Your Invoices

November 15, 2016/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

Many businesses turn to Triumph business capital to get their invoices factored for relief from today’s financial pressures. Faster and easier than a bank loan, getting an invoice factored doesn’t rely on your credit or your years in operation. You simply convert your invoices into immediate cash to cover operating costs without taking on debt. In some […]

Factoring Invoices

How to Avoid the Net-30 Terms Trap and Actually Get Paid

November 8, 2016/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

It’s a headache and a hassle, and it causes complete confusion—It’s the Net-30 Trap. Does it mean you get paid 30 days from the date on the invoice, 30 days after the client bills their client, or within 30 days of what exactly? Do you get paid at all? What does net 30 mean? It’s […]

Invoice Factoring

Invoice Factoring: The Antidote for Net 30, 60, 90, or Never

November 1, 2016/in Invoice Factoring 101, Small Business Blog /by Leslie Fox

You do the work, deliver the product or service, and wait. And wait. And wonder—will you get paid on time or have to make countless calls to get your money? Let’s face it. One of the biggest challenges facing small and mid-size businesses (SMB) is getting paid—especially since many companies are increasingly stretching invoice payment […]

Invoice Factoring Company

To Sign or Not to Sign – This is THE Question

August 17, 2015/in Invoice Factoring 101, Small Business Blog /by Blaine Waugh

When did signatures become so important? If you were back in the year 1473 (Islamic calendar 877-878, Hebrew calendar 5233-5234), you would find it hard to find a writing implement to use, and it would probably be even harder to find actual paper on which to sign. We take these things for granted today, but […]

Non-Recourse Factoring

What is Non-Recourse Factoring?

July 9, 2015/in Invoice Factoring 101 /by Blaine Waugh

You’re a small business owner and you need financing. The first stop is your local bank where you get the sympathetic shake of the head from the loan officer. “Sorry, we can’t help with a loan but how about a checking account?” A checking account isn’t going to cut it when you need cash for […]

Invoice Factoring Service

Which is better — invoice factoring or a loan?

May 18, 2015/in Invoice Factoring 101 /by Laurie Williamson

If you’re having trouble getting approved for a loan, you’re not alone. According to the 2014 Small Business Survey, 44 percent of firms who applied for loans failed to receive any credit. The biggest reasons? Low credit scores, insufficient collateral, and/or weak business performance. In recent years, it’s become more and more difficult for small […]

Factoring

Invoice Factoring vs. Merchant Cash Advance

May 18, 2015/in Invoice Factoring 101 /by Brandon Hurtado

Which do you need in your corner? Back in high school and all of my college years, I was an amateur boxer with a real passion for the sport. Boxers function on muscle memory, which is why professionals like Manny Pacquiao are able to throw over a thousand punches in a single match. But the […]

Triumph Business Capital

The Payroll Problem

May 14, 2015/in Invoice Factoring 101 /by Laurie Williamson

Spend less time stressing about making payroll, and more time working on your business. In February of 2012, when I was eight months pregnant, my husband’s employer filed for Chapter 11 Bankruptcy. We lost our health insurance (even though we had been paying the premiums), and my husband’s bonuses and vacation pay (even though he […]

Truck Factoring

Recession-Proofing Your Business with Invoice Factoring

May 14, 2015/in Invoice Factoring 101 /by Laurie Williamson

My first cousin, James is a long-haul trucker based out of Pennsylvania, and every time he comes through my hometown of Dallas, I meet him at a Denny’s and offer to buy him breakfast. He never says no. It’s not just because James likes his grits (and he does like his grits). James has four […]

Factoring Company

How Invoice Factoring can Improve Cash Flow Forecasting

May 14, 2015/in Invoice Factoring 101 /by Laurie Williamson

When I tell people that I’m self-employed and I work from home, I know what they’re thinking. “Work from home? Yeah, right. She probably spends her day scanning Facebook, taking naps and doing laundry.” That is so ridiculous. I don’t do laundry. Kidding — but it is frustrating when people don’t take you seriously just […]

Invoice Factoring

How Can Invoice Factoring Affect Your Credit Score?

May 14, 2015/in Invoice Factoring 101 /by Laurie Williamson

“Sir,” I said, “I drive a paid-off Honda Accord. I pay all my bills on time. And my house will be paid off in three months. How could I be more credit-worthy?” At 34 years old, I applied for a loan to purchase an investment property with 25% down, for a real estate business I […]

Factoring Invoices

5 Tips for Negotiating an Invoice Factoring Contract

May 14, 2015/in Invoice Factoring 101 /by Laurie Williamson

The best factoring companies have your best interests in mind. Here’s how to select the right one for your business. I was perfectly happy with my streaming Internet service until a few months ago, when a lady on the phone called and convinced me to sign a two-year contract inviting cable back into my life. […]