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How to Get Cash for Your Outstanding Invoices Now

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Cash for Outstanding Invoices

Are you tired of waiting 30, 60 or 90 days for your invoices to get paid?

What would it mean for your business if you could clear invoices at the push of a button to keep your cash flow steady? cash for outstanding invoices

Now I’m not talking about factoring which is selling your accounts receivables to a third party at a discount. In today’s post we are going to cover the easiest and most effective solution to getting advanced payments for outstanding invoices without factoring.

According to Dun & Bradstreet 90% of small business failures are due to cash flow problems with 60% of those being profitable at the time; they just ran out of cash. The fact is 64% of small businesses have invoices that had gone unpaid for at least 60 days.

If you are experiencing this challenge you’re not alone. Even big brands are the worst offenders. Wal-Mart takes on average 86 days to pay an invoice and McDonalds takes 64 days.
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Inside Business Credit Agency Paynet: What You Should Know

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Business Credit Agency

Did you know there are other business credit reporting agencies other than the Big Three that may provide reports to lenders about your company? business credit agency

You may have heard me repeatedly talk about the three major business credit reporting agencies: Dun & Bradstreet, Experian Business, and Equifax Small Business. However,  not only are there other credit agencies, there are also specialty reporting agencies that focus on certain industries as well. In fact, there are over 900 credit reporting agencies in the U.S. alone.

In today’s post we’ll cover the business credit reporting agency known as PayNet® which was founded back in 1999 and is based in Skokie, Illinois. PayNet® maintains a proprietary database of small business loans, leases, and lines of credit.  This reporting agency supplies business credit reports and scores to banks and commercial finance institutions.
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How to Get the Best High Limit Credit Cards

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Best High Limit Credit Cards

As a business owner I’m sure you’re aware that one of the key reasons businesses fail is lack of access to working capital.  The fact is gaining access to unsecured business financing is one of the most difficult challenges for business owners. For the most part it’s a guessing game because you simply don’t know what each credit card issuer’s underwriting requirements are and which credit reporting agency they pull from. best high limit credit cards

Did you know there are only several big banks (Chase, Capital One, Bank of America, Elan, Citi, Barclays, American Express) but there are hundreds of cards across these big banks with different underwriting criteria across each of those cards?

In fact, there are over 100 banks/issuers alone under Elan. Elan is the biggest underwriter but you rarely see their name on anything. Apart from the big banks, there are actually hundreds of banks if you count credit unions and regional banks too.

Industry and location are also a big factor. Do you know which regional bank cards and which specific cards under the big banks to combine to maximize your credit approvals?
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