Phoenix Small Business Investing, Funding, Loans and Financing

By: Lou Wallace

The time seems to have passed quickly and it is interesting to look back over those fourteen years and reflect on how business has changed.  Shortly after starting Performance the economy took a turn for the worse and all of us in Arizona struggled through the real estate problems and Savings and Loan failures.  People still talk about the RTC debacle.  But Arizona businesses survived and they weathered the storm by making all of the right moves to cut costs and become more efficient.

Today it seems like we are all struggling again to survive.  Arizona has many problems and has been in the headlines nationally for some very controversial reasons.  It sometimes reminds me of a quote I heard a long time ago that went “when everyone is against you, you can be sure you are completely wrong………or completely right” Only time will tell where Arizona will come in the end.

One thing I am sure of is Arizona will be fine and our business community will be stronger than ever.

By Gaston Castro

As a small business owner, financial crises are almost inevitable. Fortunately, such predicaments do not have to mean the end of a promising business. These monetary emergencies can be overcome if fast action is taken. You may think, “How can I possibly remedy a financial problem in such a short period of time?” The answer is – a business cash advance, also known as a merchant cash advance. Read the rest of this entry »

By Michael Russell

Perhaps no other major industry is better suited to factoring than the building and construction industry.  For many years, the peaks and valleys of construction seasons and cycles have troubled subcontractors and general contractors alike.  Now factoring offers a cost effective and simple solution that can benefit both the contractor and the factoring company.  Many factoring companies have even gone for far as to specialize in factoring for the construction industry, learning the unique language and needs of subcontractors. Read the rest of this entry »

By Mark Dalton

Whatever market place a growing business operates in there is always one problem that emerges when a company becomes successful i.e. they all suffer from either cash flow problems or a shortage of working capital. The initial solution that many businesses usually turn to is a bank overdraft and this can meet any cash shortfall at least in the short term, but is it the right finance option for your company? Is a debtor finance option such as factoring better suited to enabling business expansion, here we explore some simple facts about the suitability of both methods in respect of helping a company grow. Read the rest of this entry »

By Max Bellamy

A factor is basically a financial institution that purchases accounts receivable from businesses.  The factor normally bears the credit risks associated with the accounts receivable purchased by it.  There are about twenty firms in the United States engaged solely in factoring. These firms raise their operating funds by issue of equity and debt capital. Read the rest of this entry »

By Troy Degarnham

The first aspect to acknowledge when seeking purchase order financing is that most factoring companies are very choosy when dealing with this type of financing. There is not a firm set of regulations to follow concerning invoice financing because each situation is very unique and has to be assessed as such. It is typically very difficult to find purchase order financing however, there are factoring companies out there that are willing to take that type of risk. Read the rest of this entry »

By Edwin De Leon

Getting funding for a restaurantcan be difficult when you need to get it quickly & easily until the business cash advance product was introduced.

You as a restaurant owner have at one time or another been faced with applying for a restaurant loan, possibly getting your loan request denied and faced rejection unless you had money to do your own self restaurant financing. Read the rest of this entry »

By Lou Wallace

Historically a first tier lender has been an institutional lender such as a Bank or similar company which falls under the regulatory agencies such as the FDIC or Federal Reserve.  The rates of interest they charge are almost always tied to Prime, or to the Libor rate of interest.  The interest charged is at quoted rate plus a factor which can be as high as 4%.  An example would be if the rate was agreed to be the prime rate, you would take that rate and add 4% to it which would get you your annualized interest rate.  Read the rest of this entry »

By Lou Wallace

One of the major failings of most businesses is the lack of accurate financial information.  What these business owners don’t understand is that current and accurate financial information is the first thing and lender will want to see and if it isn’t up to par, well you know the old saying about its hard to make a good impression the next time.  Read the rest of this entry »

By Lou Wallace

Are you positioning your business to be first in line to move when things turn around? The economy, while showing signs of improvement is still sluggish and everyone is still trying to figure out if it has reached bottom.  Small business owners are still scrambling to keep their business in the black. Read the rest of this entry »