AFS Participates in Local Shark Tank for Budding Entrepreneurs

In honor of Global Entrepreneurship Week, American Funding participated in a local version of Shark Tank. Three budding entrepreneurs pitched their business ideas to six business leaders, the “sharks.”  Each of the participating businesses contributed to a cash prize to be given to the winner. The sharks heard three great pitches, but had to choose the idea that had the … Read More

3 Ways to Promote Your Business Brand

3 Ways to Promote Your Business Brand in 2021 Branding is important. Managing your brand offline and online is not a small thing, but if done well, you can reduce your marketing costs and grow your revenues. The more consistent you are with your branding components the more likely someone is to recognize your brand. There are 8 key elements … Read More

What Is Recourse Factoring?

What happens if an invoice doesn’t pay? We rarely need to charge back unpaid invoices. We always do our best to help you collect on older invoices, but if an invoice is 90 days outstanding and it doesn’t pay, we’ll charge it back. This doesn’t happen very often. In the instance it does, we’ll always work with you to determine … Read More

Factoring Referral Program

At American Funding Solutions, we help our clients thrive by providing immediate working capital to help improve your business’s cash flow. Take advantage of our referral program to help business owners in your network succeed. Referral Program If you know a business that could benefit from invoice factoring, refer them to us and earn a one-time referral payment of $50 … Read More

AFS Sponsors 2nd Annual NAWBO Golf Tournament

American Funding Solutions LLC sponsored the 2nd Annual “Chicks with Sticks” NAWBO Golf Tournament on Monday, 6/21/2021 in Kansas City.  NAWBO is the National Association of Women Business Owners.  We have an amazing group of ladies in Kansas City.  It was a fun day for golf and great to support our local NAWBO Chapter. The organization promotes education and advocacy … Read More

5 Tips to Stimulate Faster Cash Flow

Strategic invoices Invoices should clearly represent what is expected from the customer. The invoice be easy to understand. Highlight the important details, like the amount due, the due date, the work completed, and where to pay. Clear due dates Your invoice should clearly identify the due date to avoid confusion about when the payment is expected. Make sure your terms … Read More

How is Factoring Different than Bank or SBA Loan?

When a small business needs a loan, there are some different options available to them. Many of these options will depend on the age of the company, their credit history, what types of assets they possess, and what industry they are in. Newer companies in high growth, high-profit industries, can go after venture capital. Established companies, with good credit, can … Read More

What is Recourse Verses Non-Recourse Factoring?

There are two main types of factoring – recourse and non-recourse. Recourse factoring is the most common and means that your company must buy back any invoices that the factoring company is unable to collect payment on. You are ultimately responsible for any non-payment.  Non-recourse factoring means the factoring company assumes most of the risk of non-payment by your customers. Non-recourse does not … Read More

Can I Factor My Past Due Invoices?

Most factors will purchase invoices that are slightly past due.  If you have net 30 payment terms a factor may be willing to purchase an invoice that is 40-45 days old. The factoring company would need to verify that the invoice has not been paid yet.  If your invoice is significantly past due, for example, 80-90 days it is then … Read More

Will You be Bugging My Customer?

American Funding will never bother your customer. We try to stay behind the scenes and allow you to maintain the relationship with your customer. We do what we call “soft collections” for our clients. We will reach out via email at 45 days if the invoice hasn’t been paid. We ask if Accounts Payable has the invoice in their system … Read More