In the world of Asset-Based Lending (“ABL”), Accounts Receivable Financing and Factoring, many times the first objective we hear from a potential prospect is, “I can’t afford alternative financing because it’s too expensive.” While that is certainly a valid consideration, […]
How a Financial Capability Letter Strengthens Your Government Contracting Bid
There are many factors behind landing a winning bid. For upper-level commercial construction projects-especially for those lucrative government contracts – you have to prove that your company can complete the work for a competitive price and that you have the means to […]
Why Invoice Financing when you cannot qualify for a Business Loan
According to The Service Corps of Retired Executives (Score), 82% of start-ups and small businesses fail because owners have a poor understanding of cash-flow management and lack the ability to access working capital needed for growth. One funding option that […]
Considerations Before Signing a Contract with Factoring Companies
When you are working with a factoring company and before they fund on your invoices, you will need to sign a contract. But before you sign on the dotted line, you should make sure you understand all the business finance […]
What Are Business Cash Flow Loans?
The term “cash flow loan” may be used to describe two different types of financing: A loan for cash flow purposes. A loan that’s collateralized or repaid by cash flow. Loans for cash flow purposes help businesses manage their inflows […]
The 10 Best Life and Business Lessons I’ve Learned So Far
This month I am celebrating 5 years in business, which has prompted me to look back and reflect on the lessons and pieces of wisdom I have gained throughout my life and career. I have been fortunate enough to face […]
Overcoming the Myths of Receivables Factoring
Many professional advisors and consultants – including CPAs and Bankers – are sometimes hesitant to recommend accounts receivable financing aka factoring to their customers. The problem is that many misconceptions exist concerning this option, so lets look at the top […]
How to Better Manage Your Cash Flow
Cash is king when it comes to the financial management of a growing company. If the lag between the time you have to pay your suppliers and employees and the time you collect from your customers is the problem, the […]
5 Ways to Keep Your Business Alive During a Slow Season
Even after a highly successful stretch, a slow season can come along and make your year-to-date profits seem obsolete. The dreaded slow season, which varies by type of business and location, is often a business owner’s worst nightmare, but it […]
Five Things Prospective Investors Look for in a Business Plan
Before writing a business plan, put yourself in the place of a potential investor. Consider what they might be looking for when reviewing your document. Obviously, investors expect to see the details of the business, such as the type of […]