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 […]
What is an Asset Based Loan (ABL)?
Asset based financing is a way for rapidly growing, cash strapped companies to meet their short-term needs. In general, companies can tap into their assets to generate the cash flow through asset based loans. ABL has become a popular choice for companies […]
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 […]
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. […]
Tips on Setting Your New Years Business Goals
Set Specific Goals Setting goals is important. That is how you convert abstract IDEAS (i.e. cut expenses, increase sales) into specific, concrete TARGETS (i.e. reduce G&A by 5% before the next stockholder meeting, increase sales of retail brands by $60,000 […]
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 […]