FACTOR KING Attends Small Business Expo NYC

FACTOR KING® was one of this year’s exhibitors at Small Business Expo NYC and was on hand to talk about how Factoring can increase cash flow through a quick and easy approval process.



FACTOR KING® gives you the ability to determine those customers you would like factored and which invoices you want funded. The option is always yours, your decision- your way.
When working with FACTOR KING®, you will have the cash to expand your business to the next level. FACTOR KING® remains on call 24/7 to provide you with the fastest possible form of funding.
Knowing you will receive funds from FACTOR KING® allows you to balance your financial obligations. Spend your time growing your business. Concentrate on building not juggling.
FACTOR KING® reduces the liability your business takes by lowering bad debt risks. Our world class credit department works along side you to help you establish client credit limits and terms.
With FACTOR KING'S automated online system you have the ability to manage accounts & submit invoices 24/7. Our online system has been built from the ground up to allow you continuous access.
All FACTOR KING® clients receive personal and professional support on analyzing customer accounts. By utilizing proprietary algorithms that have been developed in house FACTOR KING® gives you the solutions necessary to succeed in today's environment.
Unlike competitors, FACTOR KING® guarantees the no extra charge concept. What you see is what you get. Finally a factor that understands that your financial health is key to our success.
Working with FACTOR KING® gives you a partner who will share your accomplishments without the burden of meeting monthly factoring minimums and long term contracts.
FACTOR KING® specializes in purchasing invoice receivables. Concentrating our efforts enables us to be recognized as a top ranked industry leader. Partner with FACTOR KING® today, your first step to financial success.
FACTOR KING® gives you access to key financial reports 24/ 7 enabling you to concentrate on your business. Information is power and FACTOR KING® always delivers with our world class A/R reporting platform. Call a FACTOR KING® specialist today for a free demonstration.
FACTOR KING® was one of this year’s exhibitors at Small Business Expo NYC and was on hand to talk about how Factoring can increase cash flow through a quick and easy approval process.
A recent global cyber crackdown resulted in the arrest of nearly 100 hackers involved in some type of cyber crime. With the growing concern of internet security, it’s more important than ever for businesses to make sure their systems are as secure as possible to prevent any malware attempts or other cyber attacks. Target learned that the hard way last year when they missed malware warning signs, and over 40 million of their customers’ credit card information was stolen in the biggest retail hack in U.S. History. The following practical tips will help your business protect itself from online threats.
While there is some controversy as to the causes of climate change, it’s no question that severe weather events can affect business operations. Tornados in the midwest, hurricanes in coastal areas and blizzards in winter can halt business activities for days at a time. It’s important that your business is prepared to weather these storms in the best possible way. Use these three tips to ensure your business or organization is prepared for emergencies when they arise.
After Donald Sterling’s racist comments and removal from all involvement in the NBA, it’s more important than ever for bosses to monitor what they say and how they say it. Words have power, and in order to be an effective leader, there are certain things you just DON’T say - especially if you’re at the helm of a successful business. The following is a list of what not to say if you’re the boss.
Sales revenue is typically the first metric to consider when measuring the overall success of a small business. However, there are several other metrics not to overlook when gauging the health of your business.
FACTOR KING® offers this quick monthly rollup of important stories related to business and finance. We also track leading economic indicators each month giving you a quick snapshot of the status of the economy. This is the top business and financial news for January 2014.
Factoring invoices as a source of cash flow is covered in our final article of this series. Here we list the top ten reasons to choose factoring over other sources of business funding:
November Edition: Factor King offers this quick monthly rollup of important stories related to business and finance. We also track leading economic indicators each month giving you a quick snapshot of the status of the economy.
Typically provided in early stage startup companies, venture capital or private equity comes from an investment group or angel investors interested in having ownership interest in exchange for the funds given. The following are the pros and cons to accepting this type of business funding.
Small business owners understand the importance of time management. Technology is making it easier than ever to manage work flow especially as a small business with limited resources. The following is a list of our favorite eight mobile apps for business professionals:
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About FACTOR KING®
Factor King is a direct financial service provider that specializes in the Factoring of invoice receivables for companies that maintain commercial accounts receivables. We can manage your record keeping and offer fast processing of accounts receivable payments. Apply now to convert your company’s assets into immediate cash!
Factor King® offers this quick monthly rollup of the most important stories related to business and finance. Here are the top business & finance stories for October 2013.
One of the most common sources of business financing are traditional bank loans. The following are pros and cons to getting a small business loan from a lending institution.
Factor King offers this quick monthly rollup of the most important stories related to business and finance. These are the top stories in business and finance for September 2013.
Sufficient startup capital is key to the success of a new business. Whether you borrow from family and friends for a small business with minimal startup costs or seek venture capital and business bank loans for a large organization, it’s important to have a plan to pay it back before starting the application process.
According to Frank Skelly of Factor King®, a New York based finance company, ”In today’s economy, it’s more important than ever for small businesses to manage their cash flow effectively to ensure their short term debt doesn’t outgrow their receivables. This includes having a comprehensive business plan that outlines how to manage their growth”.
There are many options available to businesses seeking a capital infusion to get off the ground. In this series of articles, we explore sources of new business capital and important considerations for each.
Sources of New Business Capital
Stay tuned for next week’s article about traditional bank business loans in this series of posts dedicated to start-up capital!
Available Articles: Startup Capital: Small Business Bank Loans
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About FACTOR KING®
Did you know that Factor King® offers a quick and easy way to get cash for your business? Factor King is a direct financial service provider that specializes in the Factoring of invoice receivables for companies that maintain commercial accounts receivables. Simply put, the only criteria is that your receivables be from other businesses - no lengthy application process, no changes to your business operations, and no risks to personal relationships. Apply now to convert your company’s assets into immediate cash!
In order to ensure small business success in America, President Barack Obama has recently proposed new tax reform aimed at boosting the small business bottom line. However this new tax reform proposal may not be a “better bargain” for small businesses.
There was a time, not too long ago, when raising cash through venture capitalists was the way to go. But, in the last few years more small business owners have been taking a road less-travelled to funding: Microfinancing.
Although the numbers vary by lender, most microloans are under $25,000. According to a recent report in Entrepreneur Magazine, non-bank lenders such as Accion USA and the San Francisco Bay Area’s Opportunity Fund provide loans that average just $7,000. And, even more surprising is that these same lenders say that the businesses they lend to have a survival rate that’s more than twice the national average with repayment rates being about equal to traditional banks.
In part, micro lending as a practice has been growing as many banks continue to struggle to serve the needs of small business owners.
Experts in microfinancing believe that borrowers do better than owners who've gone the route of traditional banks or credit cards due to a variety of reasons including more thorough screening, where Micro lenders take care to better know business owners personally, a practice that is not generally employed by traditional banks.
In addition, microloans are often made in a group setting where business owners support each other and are also financially accountable for each other’s loans.
Moreover, smaller-scale loans help entrepreneurs stay focused on their business and less likely to get caught-up in over-expansion.
For those small business owners interested in giving microfinancing a shot, here are some great ways to help get started:
SBA’s Microloan Program—The SBA provides small, short-term loans available to small businesses and certain types of nonprofit organizations through specially designated intermediary lenders. The intermediary lenders make loans to eligible borrowers where the maximum amount is $50,000 but most microloans average about $13,000. Terms vary but most SBA microloans can be used for working capital, to purchase inventory or supplies, furniture or fixtures and machinery or other equipment.
Accion USA—Accion is a leader in U.S. microfinance and has been in existence since 1991. The company is committed to helping microentrepreneurs secure affordable small business loans. They lend with the mission of empowering small business owners by providing access to working capital and financial education.
Opportunity Fund--Opportunity Fund, based primarily in California, is a not-for-profit social enterprise that has helped scores of families build financial stability. The organization brings together microloans for small businesses, microsavings accounts, and community real estate financing.
However, microfinancing does have its limitations such as generally smaller loan sizes and certain restrictions on the types of activities that capital can be used for. For example, the SBA stipulates that its microloans can not be used to pay down existing debt.
So, still other small businesses might benefit from less restrictive ways of raising capital, such as short-term loans or factoring.
Setting up a Twitter account and a Facebook business page is a nice start but it’s not going to accomplish much for your bottom line unless you take the next steps.
Some tips on attracting the kind of free publicity that will result in new business.
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