By John Cammidge
When looking for a business loan you need to make sure the loan suits your needs and not just the needs of the bank or building society providing the loan. If you are looking to repay the loan with as little interest as possible then a short term loan with higher monthly payments is the best option. If you are looking to borrow a larger amount and pay the fee back over a longer period then be prepared to pay more interest over the life of the loan. Read the rest of this entry »
By Mark Lomas
It can be very difficult for businesses with less than two years of operation to obtain business credit. With the vast majority of businesses failing within the first two years of operations banks are not aggressive with lending monies to new businesses. Read the rest of this entry »
By Corey Pierce
Commercial finance is one of the many options available to entrepreneurs seeking capital to start or grow an existing business. This sort of financing is also referred to as asset-based lending, meaning that it is a secured business loan. The borrower guarantees the loan by giving up business assets as collateral for the loan. Another popular phrase for commercial finance is asset-based finance. Read the rest of this entry »
By Gregg Elberg
The Merriam-Webster Online Dictionary defines “secret” as:
“1 a: kept from knowledge or view : hidden b: marked by the habit of discretion : closemouthed c: working with hidden aims or methods : undercover (a secret agent) d: not acknowledged : unavowed (a secret bride) e: conducted in secret (a secret trial)2: remote from human frequentation or notice : 3: revealed only to the initiated : esoteric 4: designed to elude observation or detection (a secret panel)5: containing information whose unauthorized disclosure could endanger national security”.
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 »
Many businesses that fail are profitable when they go under. Costs of sales, carrying inventory and rapid growth can absorb your business’ cash flow. And waiting 60 to 90 days to get your invoices paid can slow your sales and business growth. All business’ have to pay rent, suppliers and meet payroll on a regular basis. If most of your cash is tied up in slow paying invoices you may miss important opportunities to grow your sales. Can you, as a business owner, deliver large orders to new clients and provide credit to your customer’s for 60-90 days? Read the rest of this entry »
Accounts receivable funding, also known as factoring, continued an upward trend in 2005 with volume exceeding $112 billion. This represented a 9.3% increase over the prior year, which is the strongest year to year growth rate since 2000. In fact, only 2001 was the only year in the past 20 that factoring volume did not rise. A/R funding continues to be an accepted part of financing, but according to the Read the rest of this entry »
Factoring financing is one of those business financing tools that is not well known by the general public but widely used in the business community. It is widely used, because it’s easy to implement, can be set up in a few days and can provide the working capital that a business owner need to grow their business. Read the rest of this entry »