Remove what-is-the-best-invoice-wording-for-immediate-payment
article thumbnail

Welcome to our May Commercial Credit Management Q&A Blog

Credit Management Group UK

Question One: We have obtained a Default Judgment against one of our customers, however the customer now wants us to remove the judgment and accept payment in instalments. We would prefer to get paid the full amount immediately. Question Four: Is following wording adequate to include on our quotes? Where do we stand?

article thumbnail

Understanding Medical Factoring: How It Works and Who Qualifies

Lendio

Waiting for insurance companies to pay can cause significant delays in receiving payments for services provided. But what exactly is medical factoring? What is medical factoring? This third party, known as a factor, then advances the medical practice with immediate cash for these outstanding invoices.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Invoice Late Fees: Email Wording Examples

Lendio

Late payments from clients can create financial difficulties—especially for small businesses. Setting clear payment terms, including a late fee policy, will help assure more on-time invoice payments. Additionally, customers know exactly when payments are due if they are outlined clearly in established payment terms.

article thumbnail

Understanding Different Types Of Small Business Loans

Lendio

The best place to start is by identifying what your specific use will be for the loan. Whether you’re using it to purchase equipment, add inventory, hire staff, expand to a new location, pay invoices, or add a vehicle to your fleet, you’ll only pay interest on the exact amount of money you use.

article thumbnail

Net 30:What Exactly Does “Net 30” Mean?

The Red Spectrum

If you’ve ever received an invoice from a vendor or supplier, you may have noticed the payment terms listed at the bottom. One of the most common payment terms you’ll come across is “Net 30” But what exactly does Net 30 mean? The Red Spectrum hast the best subscription for your businesses.

article thumbnail

Your top ten questions about streamlining international receivables and collections

billtrust

What you’ll learn. What are the three major types of receivables? What are the most important goals of accounts receivable? 10 questions to consider when streamlining international receivables What are the 5 smart goals for international receivables? In other words, receivables are IOUs. Trade receivables.

article thumbnail

How Hard Is It to Get a Business Loan in 2023?

Lendio

Qualifying for a business loan can be exciting, especially if your company has an immediate need for capital. Qualifying for a business loan can be exciting, especially if your company has an immediate need for capital. Yet, despite the importance of accessing capital, some small business owners struggle to qualify for funding.