On its face, a Merchant Cash Advance (MCA) may seem like a dream come true. For businesses desperate to plug a cash flow gap, MCAs are positioned as a quick-fix financial solution for businesses that lack credit and collateral. In reality, there’s much more to consider before committing yourself to this financial arrangement. Four things […]
Managing cash flow is one of the biggest challenges staffing agencies face. Ensuring your team gets paid on time while waiting for clients to pay their invoices can create significant stress and uncertainty. At Sky Business Credit, we understand these pressures and are here to help through factoring, a type of financing in which a […]
Running a successful business comes down to a few key factors; the most important one is cash flow. Factoring is a type of alternative financing that allows you to take control of your cash flow by selling your accounts receivable to a third party (also known as a factor) to obtain immediate working capital. Now, […]
In the staffing world, things move fast. Clients call with last-minute needs, top candidates are gone in a heartbeat, and new contracts can pop up overnight. But one thing can slow all of that down: cash flow. If you’re waiting on client payments to cover payroll and operating costs, it’s tough to grow or even […]
When it comes to owning a business, every day brings its unique set of challenges. For Skip, an experienced CEO who had recently acquired a new company, the unexpected hurdles came fast and furious. In a matter of months, he found himself in a cash flow predicament that threatened to destroy his business and his […]
A good invoice is necessary for a few reasons: It’s a legally enforceable agreement between a business and its clients for services or products rendered and payment owed. It helps to ensure prompt payments. It helps businesses track sales and manage finances. It helps businesses maintain a strong professional image An invoice is a legal […]
Joe’s* business performs collections of past-due utility bills for a large city. It’s a straightforward gig: the city tells him exactly how much they’re going to pay him they tell him when they’re going to pay him his only expense is payroll Unfortunately, Joe consistently had a 10-14-day shortfall between payment and payroll. For years, […]
Realistically, a banker and factor often target the same general client: a growing business in need of cash flow. But if we dig into the nuances of our respective business models, it turns out there are situations and circumstances where it is mutually beneficial to work together instead of against each other. Have you ever […]
Factoring may be one of the most underutilized yet effective forms of funding for a growing business. It may also be one of the most misunderstood and overlooked types of funding. Below, Sky Business Credit addresses and explains 11 myths about factoring. Myth 1: Factoring is for companies having financial problems. Factoring is not for […]
Sometimes, you want to do it for yourself.
In 1986, Paul took a job driving trucks for oil field trucking companies. For almost 35 years, his time and effort enriched other people, helping company owners grow their businesses and wealth.
Then, one day, Paul decided it was time. In October 2020, he and his wife, Shelia, started a business. Like so many other entrepreneurs, their goal was to be more in control of their lives and future.
Factoring is a cash flow tool that can assist you with sales growth. It can provide you with immediate access to cash rather than having to wait 30, 45, or 60+ days for customer payments.
Sky Business Credit can boost the cash flow of almost any business that sells a product or service to another business. We have the same goal: to fund your business quickly and painlessly so your company can grow.
We can work fast. Most deals are funded within 2-4 days from receipt of a package and document signing. Get started today!
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