When you get a purchase order and don’t have the money to get the inventory or
parts to fill the order, what do you do? You factor your receivables, right? Not if you
don’t have enough receivables right now. You would get a loan or line of credit,
wouldn’t you?
What if you don’t have enough business history or enough credit or enough assets Read the rest of this entry »
Do you own a growing business that needs financing? If you are like most business owners, whenever your business needs money you head over to the bank. Unfortunately, as most small business owners soon find out, most banks do not lend money to Read the rest of this entry »
By Marco Terry
Running an import company can be very exciting yet challenging at the same time. As demand for cheap produced goods has increased, so has the number of importers that are constantly growing their businesses.
To be a successful importer you need three things – good suppliers, solid customers and Read the rest of this entry »
Factoring is selling invoices to receive your money at the moment, instead of waiting for say, two to three months. That’s why it is one of the most important finance management tools - especially for a small company that does not create debt. Factoring does not require you to give up any ownership in your company. Read the rest of this entry »