http://www.performancefunding.com Tue, 16 Feb 2010 16:10:08 +0000 http://backend.userland.com/rss092 en 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 ... http://www.performancefunding.com/invoice-factoring/accounts-receivable-financing/what-is-the-difference-is-between-a-1st-2nd-and-3rd-tier-lender-for-business-loans/ 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 ... http://www.performancefunding.com/invoice-factoring/blog/how-does-a-business-improve-its-chances-to-get-credit/ 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 ... http://www.performancefunding.com/invoice-factoring/accounts-receivable-financing/are-you-ready-or-are-you-waiting/ By Lou Wallace The magic of turning the calendar page brings new inspiration to everyone.  Reflection on the past year turns to focus to the New Year.  At the top of everyone’s list of questions for 2009 “How can I grow my business?”  Consider offering extended terms to attract new business.  ... http://www.performancefunding.com/invoice-factoring/blog/happy-new-year/ By Lou Wallace Start up businesses as well as expanding businesses need working capital.  Even established companies occasionally need a source of quick capital. The easiest and quickest way for a company to get this needed working capital is to factor it receivables.  All companies are asked by their customers to give ... http://www.performancefunding.com/invoice-factoring/uncategorized/benefits-of-factoring/ By Lou Wallace There seems to be a lot of confusion in the financial arena about factoring.  While factoring is the oldest form of financing for a business most people including some financial experts have formed the wrong opinion of factoring. I have had recent discussion with financial advisors and accountants who ... http://www.performancefunding.com/invoice-factoring/accounts-receivable-financing/why-factor-your-receivables-or-a-better-question-why-not/ By Lou Wallace The financial markets have not dried up; the banks are just clogged.  Perseverance and creativity is a quality within every entrepreneur.  Business finance is readily available to those who look beyond the bank to asset based lenders. Before there were business credit cards or home equity lines to borrow ... http://www.performancefunding.com/invoice-factoring/uncategorized/don%e2%80%99t-believe-everything-you-read/ By Lou Wallace Where to find working capital is a problem that plagues all business owners.  Whether to seek an “Angel” Investor or find a commercial small business loans through an Asset Based Lender or traditional banking source.  The difference is dramatic.  In both instances a debt is created; however a Lender ... http://www.performancefunding.com/invoice-factoring/uncategorized/investor-vs-lender/ By Lou Wallace One of the largest differences between Asset Based lenders and Banks is the use of credit scoring.  Banks credit score everything they do when it comes to granting credit.  Bank loan officers must determine by credit score whether they will take the next steps to look at an ... http://www.performancefunding.com/invoice-factoring/accounts-receivable-financing/credit-scoring/ By Lou Wallace Asset Based lenders supply the same type of loans as conventional banks plus they also can be more flexible in there under writing because of the other loan products.  Besides lines of credit, asset based lenders offer factoring and purchase order financing.  Some also offer term loans, equipment ... http://www.performancefunding.com/invoice-factoring/accounts-receivable-financing/what-is-an-asset-based-lender/