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. Read the rest of this entry »
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 against there was Factoring. Popularized originally in the garment, furniture and floor covering industries this form of financing has evolved to be an ideal form of financing for new or growing businesses. Cash flow factoring is the perfect solution to cash strapped companies. Read the rest of this entry »
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. 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 »
By Stephen Bush
Contingency planning (”always have a Plan B”) is likely to help small business owners avoid complex problems. But when it comes to commercial loans and commercial mortgages, working capital strategies often fail to include adequate attention to contingency plans and what can go wrong. Read the rest of this entry »