There’s a golden rule in business you’d be smart to learn now: No matter how much you sell, if you don’t collect the money, you’re going to go out of business. As business owners, we often get so wrapped up […]
Benefits of Factoring your Accounts Receivable
Prior to starting Alternative Funding Options, my ex husband and I owned an aluminium contracting business. We built screen rooms, pool enclosures, sunrooms, etc.(actually he did the building, I managed). Since we were a start-up company, we could not qualify […]
Is Your Business Headed for Disaster?
Here in Florida, June 1st marks the official opening of our hurricane season. While all Floridians hope the hurricane activity of prior years is not repeated this year, we all know we must start planning now, regardless of where in […]
Frequently Asked Questions about Factoring Accounts Receivables
I decided to write my next blog on this topic since these same questions kept being asked during several of my presentations on factoring of accounts receivables. * How long does the process take in getting signed up? The average […]
Non Recourse Factoring vrs. Recourse Factoring
I will start by saying that the subject of non recourse and recourse factoring is one of the most misunderstood of the industry. I think it’s a combination of the fact that the term non-recourse is used in other financial products and […]
Fulfill Your Biggest Orders Using Purchase Order Financing
Do you want to accept larger orders but lack the working capital financing to fulfill them? Using purchase order financing gives you the ability to fulfill all your sales orders, even those that exceed your norm in volume or scope. […]
Celebrating my Journey to “A Year in Business”
Last October, I decided to take a leap of faith and start my own business. I had been working for other companies since 1976 and was used to getting that steady paycheck. With only eight months of money in my […]
Overcoming the Financial Limitations of Growing your Business
How many new customers did your business sign this month? Do you have so many customers right now that adding new ones seems impossible? Many companies I meet with tell me they have so much business right now, there’s no […]
Understanding Alternative Financing
WHAT IS FACTORING? A financing method in which a business owner sells accounts receivable at a discount to a third-party funding source (factor) for immediate cash. In a typical factoring arrangement, the client (you) makes a sell, delivers the product […]
Understanding Receivables Factoring to improve Cash Flow
There is nothing more frustrating to a business owner then having to turn away sales because they lack the cash flow to support them. For companies that sell products, this means not being able to replenish inventory in time to […]