Performance Funding Group - Accounts Receivable Financing

By Lou Wallace

This seems to be a question a lot of small businesses are asking themselves these days.  The simple answer is yes.  While most of the Banks are obviously experiencing financial problems, others are not and there is money available for small businesses.  Most small businesses feel they need to deal with conventional Banks.  This does not present a problem in good times for most small businesses but is an absolute challenge in an economic atmosphere like we are experiencing today.  Banks tend to be fickle and swing the pendulum from loose credit to no credit very rapidly.  When times are good banks love small businesses but let times get rough or let the small business have any type of financial glitch and the Bank is no longer a friend.  They all preach relationship as long as it is one sided Read the rest of this entry »

By: Lou Wallace

There has been much to do recently in the media about the “credit crunch”.  Article after article has appeared telling the general public Banks have quit lending and it will be hard for people to get credit.  While we don’t need to go into the minute details of how’s and why the banks are not lending, the reality is they have shut off the credit spigot. Read the rest of this entry »

By Marco Terry

It’s a known fact that companies that obtain bankruptcy financing have a much higher chance of emerging out of chapter 11 as a viable company than those that don’t secure debtor in possession financing. However, obtaining DIP financing has always been a challenge. There is the obvious reason that insolvent companies can be risky investments for commercial finance companies, so not many companies offer the product. And for the most part, DIP financing has only been offered by banks and corporate finance companies to large companies. Because of this, many small and medium sized companies were never able to secure financing and went out of business. Read the rest of this entry »

By Andrina James

If you wish to keep a steady flow of cash and fulfill the daily financial needs of your business, then opt for a business cash advance. This is a new way of funding short-term monetary needs. Forget the traditional business loans. They are risky and difficult to get. Greet the new borrower-friendly cash advance of America! Read the rest of this entry »

By Kent Harlan

But as companies confront a tight credit market coupled with lower than expected results, many CFOs are viewing asset based lending as a viable option in the financing tool kit.  Even successful companies with strong banking relationships can quickly fall out of favor with lenders and lose access to unsecured financing, especially if they’ve shown recent losses.   Read the rest of this entry »

By Edwin De Leon

Restaurant funding is not so easy for restaurateurs, but a financial loan consultant can be more helpful to you then someone that offers only a merchant cash advance. Read the rest of this entry »

By Kent Harlan

One of the biggest challenges for an operator of a temporary staffing company is maintaining an adequate amount of working capital. At the risk of oversimplifying the situation, cash goes out quicker that it comes in. Invoice factoring is a great solution for temporary staffing companies with cash flow issues. Read the rest of this entry »

By Marco Terry

The biggest challenges that many import companies have is finding a way to pay suppliers when a customer places a large order. As is common in import transactions, you must pay your suppliers using a letter of credit and then wait until the goods are delivered to your customer before your customer pays you. This creates a window of time, sometimes as long as 90 days, between the time that you pay your suppliers and the time that your customers pay you. Read the rest of this entry »

By Gaston Castro

The Capital Access Network recently surveyed 276 small business owners in the fields of restaurant/hospitality, health/medical, retail, service, etc, all of which accept specific credit cards within their businesses. 87% of the surveyed business owners feel that access to a readily available line of credit is important, especially in today’s economy. And although 76% of those business owners still feel that banks are one of the most trusted sources of capital, 42% feel that it is important to have a back up plan, in case the bank does not come through. Read the rest of this entry »

By Michael Russell

One of the biggest problems in any growing business is the long delay it typically takes to get paid.  It is not uncommon for it to take 60 to 90 days from the time a company completes a job or contract to the time when the company actually gets paid.  Ninety days is almost an industry standard interval from receipt of a service or goods by a large commercial customer to the time that payment is sent out. Read the rest of this entry »