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Managing Cash Flow

How to Calculate Interest Factor Rate – L3 Funding

How to calculate the factor rate for small business financing

If you’re the owner of a small business, you understand how daunting managing your cash flow can be. You need to make sure that you can not only keep the lights on, but also cover emergency expenses, payroll, and be able to take advantage of opportunities for growth that arise. 

One such critical opportunity is accessing alternative forms of small business financing to thrive in the face of sudden uncertainty. In this post, we’ll discuss how to calculate interest factor and the difference between conventional interest rates and factor rate. 

Once you understand the financial implications of factor rate, you’ll be able to take advantage of tools that can help you manage your business, such as merchant cash advance factor rate financing.

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Managing Cash Flow

What Is Square and Is It Good for Small & Large Businesses?

What is Square?

If you’re considering getting or switching your POS system, you might have run into Square. It’s undoubtedly one of the most widespread mobile payment systems around. If you’ve ever shopped in an online store, there’s a good chance they’re a Square user.

But is this payment system really one of the best you can get? Is Square credit card processing a good deal?

In today’s post, we’ll discuss what Square is, how it works, and what are its advantages and disadvantages. So before you say “SQ my business!” and apply for an account, read on first to find out if it’s right for you.

Categories
Managing Cash Flow

Managing Cash Flow: Strategies & Examples for Business

10 Tips for Managing Cash Flow in Your Business 

As the name suggests, cash flow is the amount of cash flowing in and out of your company. It’s an important tool for diagnosing a business’s financial health.

Positive cash flow is when the money flowing into your business from sales, accounts receivable, etc. is more than the amount leaving through accounts payable, wages, and other expenses, while a negative cash flow means your outflow is greater than your incoming cash. This usually means trouble for any business.

If you’re wondering how to handle cash in a small business, here are some cash flow management strategies to make sure you stay in the positive zone.