Rapid Advance has Become Rapid Finance In case you haven’t heard, small business funder Rapid Advance is now officially Rapid Finance. That means their catchy commercials (‘Rapid Advance, they didn’t say no…’) will have to be scrapped or cleverly dubbed over. You may be wondering, why the name change in the first place? What’s in […]
Lendio vs. Fundera and Biz2Credit It’s been a while since we posted our scores for these fintechs (see our Lendio reviews, Fundera reviews and Biz2Credit reviews). For 2019, we checked in on them to see how they’re doing and look at their similarities and differences. Lendio Spotlight · Headquarters: South Jordan, Utah · In Business […]
Fundbox Pay vs Bluevine Capital Inc. Here is a comparison of alternative funders, Fundbox and Bluevine. Both offer invoice finance, just in slightly different ways. Fundbox uses the outstanding invoices as collateral for a line of credit, known as invoice financing. They have also expanded with a vendor financing product, Fundbox Pay. Bluevine puts a […]
Invoice Finance Gets Freelancers Paid Faster More and more professionals are discovering the joy of freelancing. For many, the ability to work remotely is the best part of the digital revolution. But while the independence is great, the happiness is often tempered by waiting for late payments from customers. An understanding of invoice finance […]
Quick Business Loans: What Could Go Wrong?! (Read Time: 3 Minutes) It’s not easy running a small business. But one area that’s improved dramatically over the last few years is access to financing. The alternative lending has space stepped in to fill the void left by traditional banks after the Financial Crisis. This is […]
A Quick Update on Apex Capital Apex Capital, also known as Apex Factoring, is a freight factoring company headquartered in Ft. Worth, Texas. A quick update is in order since the company has been quite busy since our last factoring company review was written. Apex Capital Provides Freight Factoring Nationwide Apex Capital provides freight factoring […]
Fleet Card Pioneer, WEX Incorporated WEX Incorporated is a South Portland, Maine based provider of corporate payment solutions and fleet card services to commercial customers primarily in the transportation, health care and travel industries. Wex operates offices around the world in countries ranging from Brazil and New Zealand to Norway and the United Kingdom. In total, […]
Boost Your Net Working Capital (Read Time 1-2 minutes) IMPORTANT! If your business plans on borrowing money in the near future, start monitoring your cash flow. Positive cash flow is the key to repaying debt and is what banks scrutinize when making lending decisions. Banks monitor this is by calculating one of their favorite liquidity […]
Factoring Accounts Receivable: NOT Too Expensive One of the perceived disadvantages of factoring accounts receivable is the cost. But a closer look at factoring expenses may shed a different light. While factoring fees might be higher than the interest rates on a traditional bank loan or line of credit, the two financing options are really […]
Accounts Receivable Factoring Tip: Raise Prices Many business owners are considering accounts receivable factoring to improve their business’ finances. This type of funding can bring vital cash to a business that’s waiting for payment from credit sales-cash that can be used to run the business more efficiently in a variety of ways. But the business […]