Manufacturing Factoring: Packaging the Future

Posted on October 11, 2011 by admin

manufacturing factoring & green packagingRecently, we had the opportunity to attend the PACK EXPO Las Vegas — an unmatched collection of packaging innovators featuring more than 25,000 people and 1,600 different companies showing exhibits for 40 different vertical markets packed into more than 630,000 square feet of space.

Simply put, packaging is a key part of any product, and it’s evolving at a rapid pace. So let’s take a look at two areas of technology-driven evolution in packaging, and explore ways accounts receivable factoring can help your company stay ahead of the curve.

1. Robotics

Robotics can streamline your manufacturing process, lower overhead costs, cut down on errors and mistakes, and boost the bottom line in critical ways. Industrial automation is simply paving and accelerating the road to the future innovation — and it’s a pretty exciting highway to drive.

At PACK EXPO, we were treated with an endless parade of automating packing equipment. High-speed packaging feeders. New inspection conveyors. Vertical and horizontal baggers. Combination scales. Countless different types of vertical form/fill/seal equipment, in fact. The common theme in everything we witnessed was efficiency and ease-of-use. Robotics are faster, more cost-effective, more accurate, and more flexible. In hyper-competitive industries, packaging robotics can make the difference between leading the curve and falling behind your rivals for good.

2. Green Packaging

Every business would love to do every aspect of their business in the most earth-friendly way possible, but unfortunately it’s just not always going to be feasible. Thankfully, technology is making it easier and cheaper to do exactly that. Green packaging can be good for the earth, good for your customers, and, increasingly, good for your business as well.

For example, a favorite feature at PACK EXPO was the Reusable Packaging Pavilion. One company showed how they had partnered with a popular chip company to create 100-percent compostable chip packaging, which it proudly introduced to customers on Earth Day 2010. The partnership was successful in finding a product that worked at an affordable cost — two challenges that the chip company alone would have had difficulty conquering. Furthermore, the nifty new eco-bags were welcomed by heavy media attention, further boosting sales and return on the company’s initial investment.

In other words, the future is bright in packaging. But getting your company to the cutting edge requires no small amount investment in state-of-the-art technology and equipment — or in partnerships with innovators who can make your big ideas reality.

Here at Vertex Financial, our manufacturing factoring services can finance the big leaps your company is ready to make. We can even lend against milestone and progressive billing as well. Contact us for more information.

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Food Industry Factoring: Find Space on the Shelf

Posted on September 15, 2011 by admin

food industry factoringGot a hot idea for a hot new product that would simply fly off a grocery store shelves? There’s probably room for it. Just look at the way we shop for food these days:

The average American grocery store contains around 50,000 different products from zillions of different brands. Sports drinks. Vitamin drinks and supplements. Hot sauces. BBQ sauces. These aren’t all mainstay, nation-wide conglomerates that have been producing food since the Roaring Twenties.  But with food, perhaps as much as any industry, a heavy amount of investment, upfront expenditures, and patience are required before the profits start rolling in.

Furthermore, the wide network of distribution outlets needed to get food to consumers while it’s still fresh makes uneven billing cycles inevitable. It’s hard to predict what will sell quickly, and how quickly those returns will make it back to your business.

Here at Vertex, our startup factoring services can bridge the gaps between missed payrolls and plentiful profits, and make it easy to more carefully plan for your company’s future. Basically, we “buy” your invoices from you, giving you most of the cash you’d get eventually from them up front. It’s simple.

Contact our finance specialists for more information, and build the food business you know is capable of thriving. We’re eager to help.

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Cell Tower Factoring: Invest and Thrive

Posted on September 7, 2011 by admin

cell tower factoringNew technology after new technology, coast to coast, the telecommunications revolution isn’t going to end anytime soon.

For example:

  • Currently, more than five billion people have access to mobile phones — an astounding 77 percent of the global population.
  • Nearly 85 percent of all mobile phones can access the Internet in some form.
  • Nearly 25 percent of Americans use phones as their primary means for accessing the Internet.

This digital era is ripe with opportunities for innovative, but fledgling telecommunications companies looking to make their mark on the industry. New phones. New softwares. New networks. But while certain sectors of the telecommunications industry have incredibly low barriers to entry (like software, coding, and smartphone apps), infrastructure in other sectors requires enormous up-front investments paired with uneven or unpredictable returns.

For example, take cell phone towers:

The quickest way to lose customers is to give them poor cell service. But great service requires an enormous investment in tower infrastructure. For those early uneven times where infrastructure investment outpaces incoming revenue flows, startup factoring and construction factoring can be a big, big help.

Simply put, a consistent cash flow is critical in order for your business to stay ahead of expenses. If you’re afraid of meeting monthly payrolls or basic operating expenses, you won’t make the bold investments needed to truly thrive in a competitive industry. In other words, without reserve capital, it’s nearly impossible to stimulate business growth. Our factoring services give you the confidence to execute your vision.

Just submit your invoices or progressive bills. We’ll verify the invoice, and then wire you a payment in exchange. Once your client pays, reserves are released.

With offices in Dallas, Houston, Charlotte, and Atlanta, we have expertise spread out across the South and beyond. Contact one of our telecommunications factoring specialists today for a factoring consultation — we’ll get you the cash flow needed to succeed.

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Startup Factoring: Fuel for Innovators

Posted on August 9, 2011 by admin

Are you one of the 13.9 million unemployed Americans? Got a big dream? Here’s a tip: Make your own job. Take a chance. Explore those dreams.

In other words, go for it! We can help.

For folks with a big idea and a big plan for making it happen, entrepreneurship can be a rare silver lining of unemployment. Let’s say you’re a talented, would-be innovator with an eye on an unmet need in your industry, but are afraid to leave a stable job you already have. Unemployment just might be the big green light you’ve been waiting for.

As you probably know, startup life is full of steep challenges. 95 percent of small businesses in America fail within their first five years — partially because of difficulties securing the levels of funding needed to both build a thriving business and keep it humming.  You need capital to invest in equipment, talent, and research, and you need capital to smooth out the rough patches between business cycles — even if you’ve got customers and clients lining up at the door.

Here at Vertex Financial, we live to help businesses succeed. Our startup factoring and small business factoring services can help turn your receivables into results. Here’s how:

1. You dazzle the market with an innovative, much-needed product or service, and start building up a consistent base of customers and clients.

2. Since it can often take 30 to 90 days to receive payment on invoices, we then “buy” your invoices in order to get you the cash needed to keep growing.

3. Instead of waiting for customers and clients to pay, you use the money to scale up operations, invest in new equipment, or simply meet day-to-day operating costs like payroll.

The result for you is peace of mind and an efficient, well-oiled business that can grow at its natural pace.

Contact our startup factoring specialists for more information.

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Invest for Your Company, Invest for the Globe. We Can Help.

Posted on August 2, 2011 by admin

Green lights. Green roofs. Green walls, windows, electrical grids, office supplies, and landscaping. Environmentally-friendly building retrofits are all the rage these days — for good reason. We’re facing some big environmental problems, but, thankfully, we’re armed with thousands of little ways to make a difference.

Each new wave of “green” technology that emerges makes it easier and easier for businesses and communities to take control of their own environmental impact — often in ways that save money by lowering energy usage, as well. A green retrofit on your company’s office building or parking lot is an excellent way to lower your energy costs through, for example, the use of energy-efficient lights.

Here at Vertex Financial, we’re eager to help contractors make green retrofit ideas reality. Our construction factoring services have helped many companies make the green investments they need. Here’s how:

Green technologies can lead to significant long-run savings for companies and communities, but purchase and installation of such products requires a need for immediate cash flow to the sub-contractors that are working on projects for building owners wanting to make their existing building more energy efficient or sub-contractors working for General Contractors on new green projects. Unfortunately, it isn’t always easily accessible for the companies providing these services, especially in the current tight lending environment that has developed in the wake of the recession.

This challenge is especially steep for companies with inadequate reserve working capital or those who deal with inconsistent cash and receivables in-flows. It’s difficult to make short- and mid-term investments when a company can’t accurately predict how much cash will be on hand at any time. Without easy access to traditional lines of credit or equity loans, many companies simply won’t make the types of green investments that could significantly lower their long-term operating costs.

Our factoring services solve this problem by turning receivables into immediate cash — no need to wait 60 or 90 days. The result is both the confidence to start retrofit projects without concerns of future cash shortages, as well as the cold, hard cash needed to get the projects done.

Invest now. Save later. Let factoring fill in the gaps. Contact us for a factoring consultation.

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Oil and Gas Factoring in the Bakken Shale

Posted on July 15, 2011 by admin

Bakken Shale-Oil & Gas FactoringMore than 4.5 billion barrels of oil are ready to be tapped in the Bakken Shale, and we’re working hard to make it easy as possible for the American public to get them.

Factoring breathes life into successful businesses hamstrung by inconsistent cash flows. Our flexible approach gives us unmatched ability to fund the energy sector — innovative, promising companies that often have difficulty finding financing from traditional loan sources like banks, especially in the current tight lending environment.

Oil and gas factoring is uniquely suited for oil and gas servicing companies working in the Bakken Shale — a geologic formation in Montana and North Dakota rich with oil deposits. Here’s why:

Long collections are part of business in the oil and gas industry, and oil price fluctuations can make it hard to accurately predict future inflows. So while revenues can be high, they’re inconsistent, making it difficult for service startups to both meet their high daily operating costs and plan out future investments needed to grow.

In other words, all companies need cash to stay in the black, because meeting payroll, services, R&D costs just isn’t optional. Oil and gas servicing startups face unique challenges accessing that cash on a continued basis

Factoring, on the other hand, keeps companies rolling through cashflow shortages by exchanging their accounts receivable for cash. At Vertex, we provide oil and gas factoring to both exploration service companies and field equipment suppliers both in the Bakken Shale and beyond. Many of our partners provide mission-critical support services to larger companies like American Standard Energy, Brigham Exploration, Chesapeake, and EOG Resources, including:

  • Water hauling
  • Excavating and dirt work
  • Site building
  • Tank cleaning
  • Exploration services
  • Pipeline construction
  • Component manufacturers
  • Hot shot services
  • Inspection services

At Vertex Financial, factoring can turn the receivables for these types of service providers into immediate cash. There’s just no need to wait 60 to 90 days to get the cash they need to keep running today. Contact us for a free factoring consultation.

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