- Special Sections
- Public Notices
Accounts receivable represents money a business will get when — and if — the client pays his bill. It’s not money in the bank, but it’s money the business expects to collect within 30 to 60 days.
While waiting, many businesses that are owed large amounts of money — either because of generous, or traditionally slow payment policies, or foot-dragging clients — can struggle with cash flow shortfalls and be unable to pay their employees and vendors on time.
Some companies deal with this by securing short-term loans or using company credit cards. Others sell their accounts receivable invoices to a third-party “factor” to turn the IOU into working capital.
Putting cash to work
The factoring method of asset-based financing is as old as commerce itself. “It’s a very old form of financing,” Melinda Fricke, regional first vice president working out of Dallas and supporting businesses throughout New Mexico, said. Factoring is especially popular today with fast-growing companies and businesses that have been around for fewer than three years.
If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.
Click the question mark below to see where your account ID appears on your mailing label.
If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.