Bank finance articles and tips

For as long as there will be businesses who need money, there will always be accounts receivable financing companies competing for the business' receivables.

Before I get into the three helpful receivable financing companies out there, let me shed some light on why there are so many companies offering factoring services out there. All businesses, no matter what kind or in what industry, need money to sustain day to day operations and grow....

One of the most frustrating aspects of owning a medical staffing business is that healthcare providers oftentimes insist on extending payments beyond 45 days. In fact, it's not uncommon for a large medical facility to cut checks 60 days or later after services have been rendered. Naturally, a consistent history of 'staff now and get paid later' can wreak havoc for any new or growing staffing company. In effect, it causes the agency to be invoice rich and cash poor, which means that a healthcare staffing agency has a lot of outstanding receivables and little cash in the bank to show for it.