3 Milestones to Reach Using Non-Recourse Factoring

business man hand shaking in officeThe New Year is right around the corner. If you think that New Year resolutions are only for people, think again.

3 Milestones to Reach Using Non-Recourse Invoice Factoring

We want to challenge you to set a new milestone to reach in the New Year. Without a goal or milestone to look towards, your business can lose the drive and motivation it needs for success. Can’t think of a goal for your business, don’t fret. We’ve come up with 3 sample goals that you can aim to reach in the New Year.

1. Double the Size of Your Clientele

Growing your business isn’t easy, but the rewards that come from it make it worth your while. By utilizing the benefits of non-recourse invoice factoring, your business can secure a strong source of working capital to ensure you can bid on more jobs and take on more clients.

No matter what industry your business operates in, you need money to take on more clients. With non-recourse invoice factoring, you can have access to the funds owed to your business practically overnight. With non-recourse invoice factoring, your business will sell its outstanding invoices to an invoice factoring company to get an advance of up to 96% of their total in just 24 hours or less. This can help you build and secure a strong source of working capital so you never have to pass up on a job again.

2. Double Your Budget Using Non-Recourse Invoice Factoring

There are many actionable steps that you and your staff can make to save money and increase the size of your budget. While cutting average office expenses and increasing incomes can be one way to increase your budget, one of the easiest ways for your business to increase its budget is to utilize non-recourse invoice factoring.

As mentioned, non-recourse invoice factoring allows you to have instant access to the money owed to your business. This will allow you to build a strong source of working capital that you can use for any of your business ventures. Whether you’re looking to pay off debts quicker or better manage payroll, you will be able to do so using non-recourse invoice factoring.

3. Increase Efficiencies by Upgrading Equipment

With a strong source of working capital, your business can finally start increasing efficiencies by upgrading outdated equipment. In any business, you’re only as efficient as your equipment. If your machinery is outdated the more likely you are to waste valuable money and putting your business’s reputation in jeopardy. With faulty equipment comes expensive mistakes. Rather than hoping for the best, use non-recourse invoice factoring to start the New Year off with new equipment.

Getting Started with Non-Recourse Invoice Factoring

Many businesses have the wrong idea of what exactly non-recourse invoice factoring is. When you get started with non-recourse invoice factoring, your business will not only be taking a step in the right direction to increase finances, but also to increase its reputation. Customers see businesses that utilize non-recourse invoice factoring as safe, reliable, and successful.

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About the Author:

Robert Bernfeld started in the commercial finance industry in 1974. His early years included positions with Aetna Business Credit and Foothill Group. During the next thirty five years. Mr. Bernfeld established both equipment leasing and accounts receivable factoring companies.He partnered in founding Business Facilitators, Inc. in 1999. Mr Bernfeld graduated from the University of California, Riverside in 1974 and received his Juris Doctorate from Loyola University School of Law in 1977.

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