The Factoring 101 Blog is your one stop destination for all things factoring related. With well over 100 posts dating back to 2011, if you have a question about accounts receivable factoring, purchase order financing, fintech, managing accounts receivable, or anything else, chances are you will find an answer to your question right here on the Factoring 101 Blog. If there is something that you can't find the answer to, or you want more information about it, please feel free to give DSA Factors a call at 773-248-9000 as we are always happy to help you with any questions you may have.
Avoid The Pitfalls of Online Lending
Online lending, often referred to as Fintech, is becoming increasingly popular and is a major disruptor in the world of finance...
January 8, 2019
Purchase Order Financing vs Accounts Receivable Factoring
There are many different financing options available to businesses that could use improved cash flow...
May 3, 2017
Factoring vs Fintech: Finance in the High Tech World
For most small business owners, obtaining a line of credit from a bank has never been easy...
December 30, 2016
Accounts Receivable Factoring Services
Cash flow is typically the main concern for any company that is looking for accounts receivable factoring...
June 19, 2017
Micro Factoring for Your Small Business
Micro factoring is just like normal accounts receivable factoring, only it is on a smaller scale...
February 7, 2017
Fixed Rate vs Adjustable Rate Accounts Receivable Factoring
There are two different types of rates that most factoring companies quote potential clients these days, fixed rate (or flat rate) and adjustable rate...
January 4, 2017
Fintech: Balancing Speed and Availability with Service and Privacy
Fintech is becoming increasingly popular each year. The success of Fintech is primarily driven by the ease and speed of getting access to funding...
January 15, 2020
Accounts Receivable Factoring vs Supply Chain Finance
With each passing day it seems like a new technology is disrupting a traditional business model...
May 2, 2018
How Accounts Receivable Factoring Fits Into the Fintech World
It may seem strange that accounts receivable factoring, a form of financing that dates back further than the Silk Road, could fit into the modern world of Fintech, an industry that is less than a decade old...
May 9, 2017
Collections: Turning Your A/R Into Cash
You've developed a product or service that everyone loves. You've marketed it. You've sold it. Now all you need to do is get paid for it...
December 9, 2019
A Guide to Credit Insurance
For any business owner, there is nothing worse than when you sell a product to your customer and then they don't pay you for it...
January 7, 2020
Performing Due Diligence: Credit Checking a Business
In the same way that we have personal credit that determines our ability to make purchases, businesses also have credit that can be used to determine their ability to pay for merchandise and services...
December 31, 2020
Accounts receivable factoring has been around for centuries, but in no way does that mean that it is an antiquated from of financing. Of course, a lot has changed since the days when invoices were etched in stone, and factoring companies have evolved as well. The reason why factoring has been around for so long and still remains a popular form of financing is because it has always been one of the best and most accessible options to growing businesses. Why should you consider accounts receivable factoring? Below are just 21 of the benefits of using accounts receivable factoring to grow your business.
The primary benefit of factoring is getting funded for your receivables the same day you invoice your customer, rather than having to wait 30 days or longer to get paid. Having healthy cash flow is crucial for any business, and it was what factoring is all about.
Accounts receivable factoring is a completely debt free form of financing. Rather than giving you a loan with receivables used as collateral, your factoring company is actually purchasing your receivables. You don’t need to worry about having to pay your factoring company back.
Speed and consistency is what factoring is all about. Typically factoring companies will fund you the very same day that you send invoices over to them. In many cases, with a simple email or call, they may even be willing to extend their deadlines for you if you need a little bit of extra time to get everything put together, or are waiting for a truck to arrive.
Unlike banks that can take months to make a credit decision, factoring companies move quickly. It is quite possible to get setup with a factoring company within 24 hours and receive your first funding within 48 hours. Factoring companies also make speedy credit decisions on your customers, oftentimes approving orders in 30 minutes or less. In many cases, you might even get an instant approval on your factoring company’s web portal.
There is no need to worry about whether or not you will be approved for factoring. Your factor is extending credit to your customers, not to you. As a result, credit decisions are based on your customers’ ability to pay, not your own.
Orders that may have been too large to take on in the past, are easily manageable with factoring. You don’t need to worry about having all of your money tied up in receivables, and you don’t need to worry about what would happen if your customer is unable to pay on time or at all.
Some factoring companies also offer purchase order financing. This means that they will give you a loan to pay your suppliers in the event that you receive a large purchase order. This is a great tool for any business that is getting into a major retailer for the first time, is simply expanding, or for businesses that are seasonal.
Your factor will handle all of the credit checking for you. That means you no longer need to ask new customers for credit references, or subscribe to expensive credit reporting agencies. You also don’t need to continually monitor your existing customers, as this is all handled by your factoring company.
By factoring your receivables, you are also outsourcing your collections to professional and courteous collectors. You no longer need to have employees dedicated to collecting, or take away time from important tasks to make collection calls. Instead, when you call customers, your focus can be on making sales.
Your factoring company works with many other clients in your industry who sell to the same accounts as you. If an account does not pay a factor, it not only holds up their ability to receive more merchandise from you, but also from several other of their vendors. It is also known that factoring companies report both prompt payments and delinquencies to credit agencies, so how they pay a factor has a very large impact on their credit.
If your factoring company offers non-recourse factoring, your receivables are fully insured against non-payment. You no longer need to worry about a customer who is unable to pay for merchandise. Furthermore, you don’t need to worry about paying annual premiums, deductibles, and reaching minimums, every invoice you factor is fully insured.
While factoring does not directly impact your business’s credit, the improved cash flow it offers you allows you to take care of bills faster, and this of course is directly reflected on your credit report.
There is no limit to how much you can factor, factoring is the only form of financing that grows as your business grows. Where bank look at what you did in the past, factoring companies look at what you are doing now, and what you can do in the future. The more sales you have, the more funding that is available to you. Factoring companies are also happy to work with seasonal businesses that experience most of the sales volume in a short two to three month period.
Some factoring companies are very flexible in how they finance your business. They may allow you to choose which accounts you wish to factor to help you minimize how much you need to pay in factoring fees.
Unlike a line of credit from a bank that comes with fees whether or not you draw on it, you only ever pay a factoring fee when you factor an invoice. If you wish to keep an account in house, or have a customer who prefers to pay with a credit card, then you are not charged any factoring fees on them.
With factoring you are simply being paid for your receivables, unlike a bank who may providing you with a loan for a certain purpose and requesting financial statements. As a result, with factoring the funds you receive are yours and they can be used in any way you wish.
Most factoring companies offer online portals that offer a variety of real-time reports. These reports can be used to assist in sales or accounting. Factoring companies are also willing to put together additional reports that you may need from time to time, usually at no additional charge.
Regardless of how much business you do, factoring will always fit your business. From companies that only do $50,000 a year to companies that do $5,000,000 a year or more, factoring will provide you with the financing you need. Likewise, no order is too small or too big, whether you are selling $100 to a mom and pop store, or $1,000,000 to a national retailer, you can always factor the resulting receivable.
While most financing options aren’t available to startups or younger, growing companies, factoring is available. Even if your company has been around for less than a year and hasn’t established any credit yet, you still can qualify for factoring.
Factoring is all about relationships. Your factoring company will always take the time to speak with you and work with you to help you grow your business. Some factoring companies are even family-owned small businesses themselves, so they understand many of the struggles that you need to deal with, and you will work directly with the principals.
Your factoring company’s success is directly related to your success. Since a factoring company only gets paid when you factor an invoice, your business’s success is at the heart of every decision a factoring company makes.
If accounts receivable factoring sounds like it may be the financing option your business is looking for, give DSA Factors a call today at 773-248-9000 or email us at email@example.com. We are a family owned business that has been providing accounts receivable factoring and purchase order financing for over 35 years. So what are you waiting for, give us a call today and start growing your business tomorrow!
December 31, 2020
Everyone is familiar with credit scores and credit reports. How good your credit score is determines whether or not you will qualify for a mortgage, a car loan, or even a credit card. This of course makes sense, as banks don’t want to give away money to people who will be unable to pay them back. However, in the same way that we have personal credit that determines our ability to make purchases, businesses also have credit that can be used to determine their ability to pay for merchandise and services. Unfortunately, business credit isn’t as clear cut as personal credit. For one, there is no universally used credit score out of 850 like there is for individuals. There also aren’t three major credit bureaus that serve up the same data, but a large number of credit reporting agencies that all specialize in different fields and provide different types of reports with different data points. Finding the right credit agency or credit agencies to meet your needs not only is a difficult task, but can become prohibitively expensive. However, not offering businesses credit when they request it can result in lost sales...
December 29, 2020
When bringing a new product onto the market, it is very common for a business to initially sell directly to consumers as they are trying to get the product established. This may be done through their web site, or if they own a retail store, they may even sell it in their store. Some businesses may even invest in becoming third party sellers on Amazon Marketplace, Etsy, or other online marketplaces. However, if a company truly wants to expand their reach and start selling their product in larger quantities, the key to doing this is to make the change from strictly B2C (business-to-consumer) and start selling B2B (business-to-business). This can be a daunting task, and finding customers who are willing to sell your product is never easy. Should you succeed in finding customers, you now need to ramp up production of your product, and that of course requires funds that you may not have access to...
December 15, 2020
It was over a year ago that the coronavirus was first detected, and while the disease didn't bring drastic change to America until March, that first wave is now long behind us and things have only gotten worse since the summer months. But beyond the disease which has infected millions and taken many lives, the pandemic has also been devastating to our economy. While the most visible effect of the pandemic has been bankruptcies and empty store fronts, the economic effects of the pandemic actually go much deeper than that. Prior to the bankruptcies and store closures we saw a tightening of credit insurance policies combined with an unwillingness for the industry to take on new clients. The pandemic has also led to the disappearance of supply chain financing, which had grown tremendously over the past decade, while at the same time payment terms got extended. In other words, while consumers may only see the disappearance of their favorite stores and restaurants, behind the scenes the vendors who provide stores with their merchandise have not only seen reduced business, but a lack of financing available to them...
July 15, 2020While the data for this week is still stronger than the any of the numbers we saw in April and May, it is the weakest we have seen since the start of June.
July 8, 2020There are now over three million Americans who have been infected with COVDI-19, yet as the pandemic rages on, the economy seems to have stabilized.
July 2, 2020While plenty of damage has been done to the economy, there is no doubt that the economy has bounced back significantly and may have possibly reached its "new normal".
June 24, 2020The economy has recovered immensely over the past few weeks. However, with cases surging in the South and West, we are starting to see the economy slip in these regions.
June 19, 2020Supply Chain Finance has been very popular lately, but due to COVID-19, retailers have found it best to hold onto their money for longer and even extend terms.
June 17, 2020While this week's data isn't as strong as last week's, its still stronger than any other week's data during the pandemic, and indicative of a nearly recovered economy.
June 10, 2020For the first time since stay-at-home orders were issued at the end of March, we are now seeing data that appears to be at near normal levels.
June 3, 2020After four straight weeks of economic improvement, this past week saw a slight setback, although still much improved over what we saw in March and April.
May 28, 2020Many retailers now have the funds necessary to pay bills from prior to the COVID-19 pandemic. However, they still are not generating sales and placing new orders.
May 20, 2020While we are still far from normal, this weeks data is the strongest since the first stay-at-home orders were issued. It does appear that the worst is behind us now.
May 13, 2020For the first time during the COVID-19 pandemic, we have seen data points improve for two consecutive weeks. However, we are still far from being back to normal.
May 11, 2020J. Crew became the first major retailer to file for bankruptcy during the COVID-19 crisis, with Neiman Marcus quickly following suit, and many more expected to follow.
May 7, 2020As many states began to reopen, we saw promising numbers for small businesses. Only time will tell if we will continue to see good news for the economy and people's health.
April 29, 2020Our data from last week was the most dismal yet. It wasn't until Friday that Georgia became the first state to reopen. Only time will tell if reopening works.
April 24, 2020The enactment of local stay-at-home orders has had very little effect on local economies, rather what the nation is doing as whole is what directly impacts local economies.
April 23, 2020While many companies in the furniture industry may be deemed essential businesses, very few retailers reamain open and wholesalers have either closed or are working from home.
April 21, 2020The good news is that we are starting to see larger businesses recover, so hopefully the same may be true of small businesses in the not too distant future.
April 15, 2020Last week marked approximately one month since the coronavirus shutdowns began, so last week’s payments data is the first to show a significant slowdown in payables.
April 9, 2020The major Fintech companies are shutting down their operations at a time when small businesses need their services the most.
April 7, 2020Small business in America continues to suffer. The data we reported on from two weeks ago looked dismal, last weeks data is looking even worse.
March 26, 2020Very little has been said about the coronavirus pandemic's actual effects on small business from a statistical point of view, DSA Factors is here to share our data.
March 24, 2020It’s scary enough worrying about your own health as well as that of your family and friends during the COVID-19 pandemic, but don't forget about the health of your small business.
February 4, 2020While factoring is a fairly simple and straight forward form of financing, understanding the terminology associated with it is crucial to understanding how factoring works.
January 15, 2020Fintech companies work tirelessly to improve their funding process, but are doing so at the expense of customer service and your privacy.
January 7, 2020Nothing is worse than when you sell a product to your customer and then they don't pay you for it. The solution to this problem is to acquire credit insurance.
December 18, 2019Net payment terms are when you offer your customers a fixed amount of time to pay you back. Net 30 day terms are the most commonly used payment terms.
December 9, 2019Having a good collections process is key to turning your receivables into cash, but that doesn't mean that you need to be doing the collecting.
December 4, 2019Combining accounts receivable factoring with purchase order financing can provide your business with the healthy cash flow it needs to grow.
November 6, 2019If your small business has receivables, factoring them and getting funded 30 days earlier (or more) may be just what your company needs.
September 13, 2019There is no doubt that American small businesses are the ones paying for the tariffs, but purchase order financing can help get you through tough times.
March 18, 2019Come out to Hickory, NC July 17-18 to meet DSA Factors at the Home Furnishings Manufacturing Solutions Expo.
January 8, 2019Online lending is becoming increasingly popular and is a major disruptor in the world of finance. But is it the best option for your SME?
December 31, 2018Every accounts receivable factoring company is different, it is important to know the questions you need to ask when looking for the correct factor for your business.
December 13, 2018At DSA Factors we can provide you with immediate funding for your receivables and short term loans so that you can pay your suppliers.
December 3, 2018Once again, Factoring Club has named DSA Factors one of the best factoring companies to work with.
October 24, 2018Accounts receivable factoring is a simple and easy way to improve your company's cash flow.
October 11, 2018By working with DSA Factors you aren't just getting funded, but you are partnering with a factoring company that is committed to helping grow your business.
September 13, 2018Many young entrepreneurs are unaware that there is a quick, easy, and readily available form of financing for startup businesses, that is invoice factoring.
July 11, 2018We have now released our third video in our How To Factor series. This video walks you through the process of submitting an invoice factoring.
June 22, 2018Tired of waiting 30 days or more to get paid for products that you have already provided to your customer. Wait no more, with factoring you get immediate funding for your receivables.
May 2, 2018It is important to understand the differences between factoring and supply chain financing so that you may determine which is right for your business.
April 20, 2018The only thing that can protect you is partnering with someone who is doing the credit checking for you, staying on top of breaking news, and offering you insurance.
April 5, 2018Purchase order financing provides you with a short term loan to pay off your suppliers. Invoice factoring helps free up working capital that is tied up in receivables.
December 26, 2017In this video we show you how to submit a new account for credit approval from our web page.
December 11, 2017We have just published our first factoring tutorial video. These videos will walk you through the entire factoring process, from start to finish, and answer all of your questions.
November 10, 2017Having all your money tied up in receivables can hinder your ability to grow your business. The solution to this problem is accounts receivable factoring.
September 29, 2017Nearly ten years since our last financial crisis was caused by banks that were too big to fail, Bloomberg warns the next collapse will be tied to Silicon Valley, not Wall Street.
September 7, 2017So it may not be about factoring, but as the number one factoring company in creating Alexa skills, we now have an Alexa skill that tells you how long until a holiday or date.
August 29, 2017DSA Factors is proud to introduce our newest Alexa skill, Invoice Factoring. Simply tell Alexa to open invoice factoring, and then start asking anything you have questions about.
August 9, 2017DSA Factors is proud to announce that we have published our first skill for Amazon's Alexa service. You can now ask Alexa to open accounts receivable factoring and learn all about factoring.
June 30, 2017Amazon is already a retail giant, but up until recently all of their sales have existed only online. However, that is slowly changing.
June 22, 2017If your business bills other businesses for either a product or a service, and you offer them payment terms, then you qualify for accounts receivable factoring.
June 19, 2017Cash flow is typically the main concern for any company that is looking for accounts receivable factoring. However, there is a lot more to factoring than just cash flow.
June 9, 2017Amazon Lending may work for very small businesses, but if you're ready to take the next step in growing your business, accounts receivable factoring may be the better option.
May 23, 2017Fed up with having to deal with banks? Can't deal with the slow process of applying for an SBA loan? Simply tired of being rejected? Why not try an alternative form of financing?
May 9, 2017You would be hard pressed to find a true factoring company that only exists online. Even more difficult is finding a traditional factoring company without a large variety of online tools.
May 3, 2017PO financing and factoring are considered alternative financing options, as the process is much faster and easier to obtain than a traditional SBA loan from a bank.
April 14, 2017One of the most difficult challenges for startups or young businesses is obtaining proper financing so that your business has the cash flow it needs to grow...
April 12, 2017Factoring an invoice is incredibly simple and shouldn't take you much more time than a minute or two. Here is a step by step walk through of how to factor an invoice.
March 24, 2017This week the International Home and Housewares Show returned to Chicago. Based on the crowds in attendance and reports from our clients at the show, the show was a success.
March 2, 2017Give your small business the financial momentum it needs to grow with accounts receivable factoring.
February 23, 2017For a new startup business it can be difficult to obtain financing. Factoring is a great way to finance a startup without having to give up any ownership or take on debt.
February 20, 2017For every new start up, it doesn't matter how great your product is, but how well you're funded. Factoring can speed up your cash flow so that you can take on large orders and grow.
February 14, 2017Accounts receivable factoring is a quick and easy way to improve your cash flow.
February 8, 2017In response to rapidly developing technology and an unwillingness by banks to lend, fintech companies have emerged offering entrepreneurs a variety of ways to fund their businesses.
February 7, 2017Micro factoring is just like normal accounts receivable factoring, only it is on a smaller scale.
February 6, 2017Invoice factoring is the perfect way to improve your cash flow so that you can grow your business.
February 1, 2017Whether you sell furniture, housewares, or giftware, your product needs to fit into your consumer's lifestyle if you want it to be a success.
January 31, 2017Accounts receivable factoring is a great way for small to medium sized businesses to improve their cash flow.
January 24, 2017If your small business is struggling because of cash flow problems, accounts receivable factoring may be the solution you need.
January 17, 2017Accounts Receivable Factoring is a simple and fast way of improving your company's cash flow.
January 10, 2017That's right, if you thought claymation was just for Gumby and Pokey, guess again. DSA Factors has just brought claymation to the world of accounts receivable factoring.
January 5, 20172016 saw furniture and bedding sales climb to $104.8 billion, a 2.7% increase over 2015's $102 billion.
January 4, 2017There are two different types of rates that most factoring companies quote potential clients these days, fixed rate (or flat rate) and adjustable rate.
December 30, 2016For small businesses, obtaining a line of credit from a bank has never been easy. A number of tech startups have discovered this, leading to the emergence of fintech, a form of online lending.
December 1, 2016While area rugs are becoming increasingly popular and can be found all around the house, they are most commonly found in living rooms.
October 31, 2016Product reviews may be the main benefit of selling your product through online retailers, even more beneficial than getting the sale itself.
October 25, 2016With accounts receivable factoring, not only can you start getting funded within 24 hours, you will qualify for factoring even if you have less than stellar credit.
September 30, 2016Many exhibitors at the Casual Market mentioned that more of the attendees knew what they were looking for going into the show and were placing orders compared to past shows.
September 15, 2016A recent survey of over 1000 consumers found that when it comes to redecorating a home, the living room is the most popular room to get updated.
September 1, 2016There has been a lot of talk about fintech lately. However, factoring has always been an alternative financing method, and has a long track record of success.
August 4, 2016More than nine in ten consumers state that quality and durability are important when purchasing a sofa or any other home furnishings.
August 2, 2016Nearly two-thirds of homeowners will spend at least 2 months to redecorate a living room or master bedroom, meaning they are taking their time to research new furniture.
July 29, 2016While cash flow might be the main reason why companies use accounts receivable factoring, it is not the only one.
July 15, 2016By shopping locally you aren't just helping out your neighbor, but you are helping out fellow Americans by creating manufacturing jobs right here in the States.
July 5, 2016If one number is all that mattered, then every business would work with the same factoring company that gives the lowest rate. However, a lot more goes into a factoring rate...
June 24, 2016A lot goes into buying new furniture. Furniture has a major impact on the look and comfort of your home, and is something that you expect to last for many years.
June 16, 2016Factoring is a way of improving your cash flow without taking on any new debt. When you factor an invoice, what you are doing is selling that invoice to a factoring company.
May 25, 2016Smart technologies are starting to become a major part of the way we live as more and more household products become connected with smart technologies.
May 19, 2016Recently DSA Factors has been named the Best Micro Factoring Company by Factoring Club for 2016.
May 10, 201620% of all Americans households make between $100,000 and $250,000, but yet they account for 40% of all expenditures.
April 14, 2016DSA Factors is proud to announce that we will be exhibiting at this years Small Business Expo in Chicago on April 21, 2016.
April 12, 2016Cash flow troubles? Need some quick cash to get a container released? Factoring your receivables may be the perfect solution.
April 1, 2016It may seem counter intuitive that a service that costs money actually helps make you more money, but it is true. There are a handful of ways that factoring can help your bottom line.
March 29, 2016Although two thirds of all grills are less than five years old, nearly half of all grillers, 45%, are planning on buying a new grill or smoker this year.
March 24, 2016A little more than 4 in 10 consumers have trouble finding the right sized furniture for their home, with 37% saying that furniture is too large.
March 21, 2016Candles not only were the only segment of the giftware industry that saw an increase in orders, but orders increased by 13% over 2014 numbers.
March 3, 2016When it comes to researching furniture, Pintrest is the most popular social media site with over half of all consumers who research funiture online using it.
February 23, 2016Total sales for chat groups reached $1.09 billion in 2015, and 37% of consumers plan to purchase chat group furniture to improve their outdoor spaces in 2016.
January 22, 2016Seven out of ten consumers shop for furniture online. But don't worry, the vast majority still buy their furniture from traditional brick and mortar stores.
January 12, 2016When it comes to choosing an outdoor fabric, 98% of retailers and 100% of designers consider color to be very important to the customers.
December 31, 2015The furniture industry had a wonderful year in 2015, topping $100 billion in sales for the first time since 2007.
December 16, 2015The outdoor furniture market will have total sales of nearly $6.9 billion for 2015, up 4.5% over 2014's $6.6 billion.
December 10, 2015So far upholstery has accounted for 41% of sales at furniture stores this year, with case goods coming in at 35% and bedding at 14%.
November 23, 2015With so much interest in tiny homes and urban living, it may come as a bit of a surprise that new homes are actually increasing in size.
October 27, 20154 in 10 Americans made upgrades to their outdoor spaces in late 2014 through early 2015, while 6 in 10 Americans either have or are planning on making upgrades in the second half of 2015.
October 21, 201560% of Millenials and 40% of both Generation X and Baby Boomers plan on moving in the next three years. While, a quarter of Millennials plan on moving in the next year.
October 19, 2015After my two year old son took a nap on a pile of clothes in my closet this afternoon, it made me think, where do most kids sleep after they leave the crib?
October 9, 2015As a consumer you have nothing worry to worry about as you are never responsible for fraud, but as a merchant or a bank it is important to understand how the new rules work.
September 8, 201580% of homeowners hired professional help to renovate their house last year, with 60% of homeowners making upgrades to outdoor spaces.
September 4, 2015With rugs only accounting for 10-15% of what consumers pay for an outdoor space, consumers will take a chance on introducing color to the space with a bright red rug.
August 17, 2015Factoring your receivables has many benefits: Improved Cash Flow, Eliminate The Need For Credit Checking, Outsource Your Collection Work, Insure Your Receivables.
August 12, 2015There are a large variety of types of stores selling furniture these days, but when it comes to bedding, how old you are probably determines where you shop.
August 10, 2015Online furniture sales for 2014 reached $9.7 billion, an over 14% increase from 2013's $8.5 billion according to Furniture Today.
August 3, 2015Many factoring companies will advertise 70% or even 80% advance on your receivables. At DSA Factors we offer you 90%-100% advance on your receivables.
July 30, 2015Only 31% of consumers say that the construction materials of their mattress are important to them.
July 14, 2015Generation X accounts for 33% of all money spent on furniture, which came out to almost $32 billion in 2014. Their furniture buying increased by a whopping 43% from 2012 to 2014.
July 10, 2015While red has always been a very popular color in the home, blue is starting to pick up steam and quickly becoming the most popular color for upholstery, especially in the US.
July 1, 2015Baby Boomers ages 51-69 account for 40% of all recliner sales and 49% of all money spent on recliners.
June 25, 2015Howard Tolsky, president of DSA Factors was interviewed for an article that appeared in the June 15, 2015 issue of Furniture Today.
June 12, 2015As the Millennial population continues to grow, it is important to understand them so that you can market to them appropriately.
June 11, 2015When it comes to outdoor dining sets, households who make over $100,000 made up 28% of the market share and accounted for 37% of the total dollars spent.
May 27, 2015The top 10 furniture retailers saw an 11% increase in sales in 2014 over 2013, while the top 100 retailers experienced sales increases of 8.3%.
May 19, 2015A recent survey done by Furniture Today and Apartment Therapy found that only 40% of consumers consider support to be the most important feature in a mattress.
May 5, 2015Furniture orders from factories are up 7% in January and February as compared to this same time period last year, with 70% of manufacturers reporting increases in sales over last year.
April 27, 2015As of April 21st Google made a major change where sites that are not considered mobile friendly will be ranked lower on searches made on mobile devices.
January 21, 2015Factoring is an ever more prevalent part of US business practices for small and medium (SME) businesses, as they have found it increasingly difficult to access funds.
May 8, 2014With non-recourse factoring, the client selling invoices is not financially obligated to the factoring company in the event an approved and funded invoice is not paid by the customer.
September 20, 2013American businesses have a unique opportunity to grow their businesses as a way of preparing for the future. One of the simplest ways of doing that is through accounts receivable factoring.
March 27, 2013Upon presentation of a purchase order, DSA Factors can lend your company enough money to cover the cost of the merchandise that your supplier requires payment for in advance.
December 13, 2012Finding alternative sources of cash is part of building a successful business. Cash is often the best way to pay for operations without incurring heavy debt loads.
October 31, 2012To keep your business great and growing may mean preventing cash flow problems that can interfere with your business operations.
October 16, 2012Business loans and lines of credit are well known products, but they are very hard to get. Invoice factoring may be a better and easier to obtain alternative.
September 19, 2012Factoring is basically invoice discounting for the purpose of speeding up cash flow.
July 12, 2012Step 1 - Get the approval from DSA. Step 2 - Submit Invoices and Related Documents to DSA. Step 3 - Get Paid for your invoices.
June 8, 2012Today, virtually any company providing goods and services on an ongoing basis is a factoring candidate.
April 12, 2012When business financing such as loans and credit are inadequate, and sales on credit or net terms have caused a cash flow shortage, accounts receivable factoring is the solution.
March 16, 2012Many startup businesses look to venture capital as a way to fund their dream. However, it's very difficult to receive this type of financing. A great alternative is invoice factoring.
February 21, 2012Any business that provides a product or service to other creditworthy businesses and is constrained by their day-to-day cash flow situation is an ideal candidate for factoring.
January 30, 2012With Non-Recourse Factoring, if a company does not pay for products due to financial problems, bankruptcy, out of business, these would be the factoring company's responsibility.
January 12, 2012It is wonderful to grow your business with increased sales, but the most important thing is to get paid on your invoices!
November 29, 2011Furniture is just one of seven 'tipping-point' industries that will start moving manufacturing jobs from China back to the US.
November 23, 2011Companies facing a cash flow squeeze have the option of selling their invoices, or accounts receivable, to factoring companies as a quick and reliable funding option.
November 17, 2011Accounts receivable factoring is an excellent alternative to traditional bank loans and is becoming a more and more popular way of raising funding to help your business grow.
November 10, 2011Factoring isn't just a way of improving your cash flow and eliminating the need for collections, it also acts as a form of insurance for your receivables.
November 8, 2011Companies with creditworthy customers can factor their invoices and receive cash in as little as 24 hours, with no minimum or maximum contracts.
November 4, 2011Get instant cash for your accounts receivable. Offer your customers 30, 60 or 90 day terms. Eliminate all collection work. Expand your business with the ability to handle larger orders.
November 2, 2011Factoring your accounts receivables, or invoices, is an easy and effective way of improving your cash flow without taking on any new debt.