Your ability to grow your business sometimes will depend on your ability to manage your business's day-to-day finances. For small and medium-sized companies, one of the most common issues has to do with cash flow. But, especially for those businesses just starting, maintaining a healthy and consistent cash flow can be a huge problem. For example, many companies in Cambridge struggle with cash flow dips when they have to wait 30, 60, 90 days for client payments.
Invoice factoring offers a way to manage those cash flow dips. In addition, it gives companies a way to access funds for ongoing and pressing needs, such as inventory and payroll.
Instead of waiting to receive payment, you can have timely access to funds that you've already earned. As a result, you will create a balanced cash flow, and your expenses will always be covered. Equally important for a business owner, you will be in a position to grow your business.
Imagine you come across a potential new customer, a big company that could help your small business grow faster. But taking this job would require using a large amount of your company's business. In addition, your potential new client is a big corporation that can demand not-so-favorable terms. This situation could end up making you wait 60 days before you are paid for your services or products.
With invoice factoring, this wouldn't be a problem. You can take on the big job without worrying about not having enough funds for payroll and other operational needs. Thanks to this financial alternative, your company will maintain its current customer base and still be able to find and serve new customers.
Invoice factoring helps you invest for business growth. Having the financing tool for addressing short-term needs makes it easier for you to focus on long-term, strategic goals. This is true for various businesses in different industries, including staffing, distributors, construction, manufacturing, medical providers, and many more.
Any business must find an invoice financing company that offers flexible and transparent terms. 1st Commercial Credit is an invoice factoring company in Cambridge offering diverse funding services to businesses and we have competitive financing rates from 0.69% to 1.59%.
Factoring will let you decide which invoices to submit for funding. Technology has helped transform invoice factoring into a faster, more transparent, and more convenient way of accessing capital for your everyday funding needs. Companies factoring receivables will help your business get through financial struggles and provide the means to experience growth and succeed.
1st Commercial Credit is a worldwide leader in accounts receivable financing for small to medium-sized businesses and can provide payroll funding for staffing companies in Cambridge.
Our factoring company has the experience and resources to help companies meet all of their payroll obligations. Business owners come to 1st Commercial Credit for payroll financing solutions.
One thing that all companies should take seriously is payroll funding. A company's best asset is its people. Competent and talented employees are always motivated by a competitive wage and reliable management team.
The financial existence of a business is extremely complicated and relies on several factors to be efficient. In order to consistently have the funds for payroll, a company needs to make sure to understand the financial dynamics within the organization and work hard to maintain a solid cash flow.
1st Commercial Credit is a factoring receivables company that lends for payroll and makes the entire process as simple as possible. Receivables funding can be a complicated process that can be made easier if you partner up with an experienced payroll funding company that makes the process simple and straightforward.
When buying new isn’t a possibility, used equipment can be a good option and bring many advantages. There are great deals for used equipment, and you can easily find something relatively new for a fraction of the price. This means that someone else will have to deal with the cost of depreciation. Just because something is used doesn’t mean it’s unreliable. However, it is crucial to check out many different suppliers because some offer guarantees, support, and extended coverage. You can afford to get more equipment and increase production with lower prices. Business owners have to be very careful who they’re buying from because anyone can sell used equipment. It might be challenging to know how the equipment was cared for, used, and maintained.
1st Commercial Credit is an experienced and established equipment financier for all manufacturing equipment needs and accepts A, B, C, and D credit scores. We offer the perfect manufacturing equipment financing option so you can replace old and obsolete equipment or enhance your manufacturing equipment capabilities today! When deciding to get used or new equipment, business owners will have to take the pros and cons of both options and do extensive research to ensure they’re making the best decision for their pocket and their business’ future.
The education industry employs a bulk of Cambridge's workforce. The healthcare, biotechnology, and research industries are the subsequent biggest employers. Despite many changes and urbanization during the 19th and 20th centuries, Cambridge still preserves many historic buildings. The city also has abundant innovative contemporary architecture, built mainly by Harvard and MIT.
Manufacturing was a vital part of Cambridge's economy in the late 19th and early 20th centuries. Still, educational institutions are the biggest employers today. For example, Harvard and MIT together employ about 20,000.
Cambridge is famous for being the home of two of the best universities in the world, Harvard University and Massachusetts Institute of Technology. In addition, Cambridge is strategically located and is bordered by the city of Boston.
The "Squares" of Cambridge have abundant options for dining, shopping, and sightseeing. They offer plenty of museums, theaters, and historic sites. Among these famous squares are Central Square and Kendall Square, home to MIT, and the Massachusetts biotech and high-tech industries.
Another main one is Harvard Square, which surrounds the nation's oldest university and offers many cafes, bookstores, boutiques, and entertainment choices. Among the many museum attractions in Cambridge, there is the Museum of Science, Harvard's Busch-Reisinger Museum, and The Peabody Museum of Archeology and Ethnology.
In addition, Cambridge is home to many annual street fairs and festivals, including The Cambridge Carnival, The Cambridge River Festival, and October's Head of the Charles Regatta.