Protecting Your Business, and Your Bank Account, in Case Clients Don’t Pay (Published 2016)

Consequently, a business may be short of cash until payment is received.

“My company provides financing for very small business owners who are turned away by banks. Instead of providing loans, we purchase our clients’ invoices for immediate cash which enables them to meet payroll, pay bills, accept larger customers, and many other business necessities.” 2. “My business supplies something every company needs: money! Our

•To add insult to injury, if a customer does pay its bills to the business and then files for bankruptcy within 90 days of that payment, under the “Preference Payment” rules, the trustee overseeing the proceedings might seek court intervention to return that cash payment to the debtor’s estate. In short, even after a business gets paid, the cash pa

Instead of chasing non-paying customers after the fact, wouldn’t it be better to assess that risk up front and decide if you even want to accept that sale? We tell our clients, “We’re glad to have your business. These are our payment terms. If you don’t pay us in 30 days, we’ll charge you 2 percent of the outstanding invoice.” You don’t become succ

EULER ACI is a carrier that covers factors’ accounts receivable. Founded in 1893, this

Many people don’t know that credit cards offer excellent consumer protection. This is one reason I encourage everyone to make major purchases on their credit card (and not use cash or a debit card).

Communicate payable policies for the business in writing on all contracts and invoices.

run a company that specializes in helping small businesses streamline their cash flow. We provide them advance funding on slow paying invoices so that they can meet obligations or expand.” “Hello. My name is John Doe and company is John Doe Financial. We help people and businesses get cash today for payments they are waiting to get in the future.”