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The Federal Assignment of Claims Act defines how lenders or factoring companies can arrange for payments when federal contracts are part of the accounts receivable or loans made to the contractor.

Expanding your business can be one of the most rewarding experiences, and the most challenging. The only way for manufacturing businesses to stay ahead of competitors in today’s ever-changing environment is to embrace change.

Louisiana has a lot to be proud of! The state has seen an encouraging surge of growth in areas of oil & gas services, production, and has some very exciting projects coming up in communities such as Lake Charles, Lafayette, Houma, and Ascension Parish.

Imagine a scenario in which all of your customers paid their invoices on time. Your cash flow forecast would be 100 percent accurate year round, you could make key business decisions with confidence and your bills would always be paid on time.

Invoice factoring and merchant cash advances have one thing in common: they are both forms of alternative financing for businesses and typically involve a simple, fast application process with minimal credit and documentation requirements.

More and more companies and startups are discovering the advantages of invoice factoring. Factoring invoices allows businesses to sell their unpaid invoices to a factoring company at a discount in order to generate cash quickly.

Invoice factoring has been around for centuries, going back 4,000 years to Mesopotamia. From medieval businessmen to the modern services used today, factoring has provided countless businesses with the funds they need to succeed.

Building a new company from the ground up takes time, effort and heart. From the first ideas of a company to settling on a business name and building the location, creating a new business is a full-time job and then some! Growing your company takes plenty of hard work and dedication, too.

At some point, every business owner will face the challenging situation where more money is flowing out of their business than is flowing in. This cash flow shortage can quickly make it difficult to cover payroll and day-to-day operating expenses, not to mention rapid growth and expansion needs.

Periods of growth can come and go quickly and the consumer’s needs and expectations shift. Trends can change from one month to the next.