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Brokering Deals: How to Get Referrals from Banks

Posted by Chris Curtin on Apr 23, 2019 in Business Tools | Comments Off on Brokering Deals: How to Get Referrals from Banks

Brokering Deals: How to Get Referrals from Banks

Why Deal Flow is a Must Brokering deals is honest work, helping to connect lenders with borrowers, putting sources of capital and the need for liquidity together. When done correctly, the business of deal brokering is lucrative and rewarding. Lenders get a new client, borrowers get needed financing, and the broker is paid a fee for their services. However, like many worthwhile endeavors, it’s not quite as simple as it looks. If it were that easy, everyone would be doing it. First of all, being a deal broker means knowing finance and...

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Business Line of Credit – Pros/Cons and Alternatives

Posted by Chris Curtin on Aug 28, 2018 in Business Line of Credit, Business Loan, Business Tools, Invoice Factoring, Purchase Order Funding | Comments Off on Business Line of Credit – Pros/Cons and Alternatives

Business Line of Credit – Pros/Cons and Alternatives

Entering into a business line of credit, particularly for the first time, can be time-consuming. However, once a line is up and running the business begins to develop and earn a credit profile of its own. Often the terms, conditions, and restrictions imposed by the line of credit begin to be seen, in time, as essential disciplines. Even a journey of a thousand miles begins with a single step. Corporate giants like Proctor & Gamble, IBM, and GM all started a business line of credit at some point. What is Business Lines of Credit? Business...

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Cash Flow for Distributors & Wholesalers

Posted by Chris Curtin on Feb 28, 2018 in Invoice Factoring | Comments Off on Cash Flow for Distributors & Wholesalers

Cash Flow for Distributors & Wholesalers

As a business owner, you may agree that the biggest challenge is maintaining cash flow. You know that cash flow plays a crucial role in any business’ success. If a business is lacking the money to pay suppliers, lenders, and employees, it cannot survive. Distribution companies and wholesalers, which often act as intermediaries between suppliers, manufacturers and their end users, usually have significant cash flow needs. Projecting working capital needs is the key. Such projection serves as an accurate forecast for operational the...

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What is the Difference Between a Personal Guarantee and Validity Guarantee?

Posted by Chris Curtin on Feb 28, 2018 in Business Tools, Invoice Factoring | Comments Off on What is the Difference Between a Personal Guarantee and Validity Guarantee?

What is the Difference Between a Personal Guarantee and Validity Guarantee?

It is crucial to understand the difference between a personal guarantee and validity guarantee because it is a key to understanding your invoice factoring paperwork. By law, a guarantee is an undertaking to answer for the payment or performance of another person’s debt or obligation in the event of a default by the person primarily responsible for it. Therefore, a guarantee is a promise from your business to your factoring company. This ensures that it will be able to recover the upfront payment they have provided you in case your...

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Non-Recourse Invoice Factoring versus Purchase Order Funding

Posted by Chris Curtin on Feb 12, 2018 in Business Tools, Invoice Factoring, Non Recourse factoring, Purchase Order Funding | Comments Off on Non-Recourse Invoice Factoring versus Purchase Order Funding

Non-Recourse Invoice Factoring versus Purchase Order Funding

By the number of calls we receive at BusinessCash.com, there is much confusion about Non-Recourse Invoice Factoring versus Purchase Order Funding. In this article, we will walk you through the steps of how each one them works. We will also tackle which type of companies each financing option applies. What is Non-Recourse Invoice Factoring? Non-Recourse Invoice Factoring is a financial agreement between your business and a factoring company for financing based on accounts receivables against cash. It is available to any company that bills...

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Notice of Assignment: A Step in the Factoring Process

Posted by Chris Curtin on Feb 11, 2018 in Business Tools, Invoice Factoring, Non Recourse factoring | Comments Off on Notice of Assignment: A Step in the Factoring Process

Notice of Assignment: A Step in the Factoring Process

In understanding the Notice of Assignment’s (NOA) both concept and procedure, it is crucial first to understand what does invoice factoring mean. As well as how does it work. Invoice factoring also referred to as Accounts Receivable (AR) factoring. This is a type of debtor finance that grants you funding based on your invoices. It is a financial transaction between a factoring company and your business inducing that you agree to sell your AR to your factor at a discount. After setting an agreement, your factoring company will provide you...

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How to Start a Cleaning or Janitorial Service Company

Posted by Chris Curtin on Jan 4, 2018 in Business Tools, Janitorial/Commercial Cleaning Factoring | Comments Off on How to Start a Cleaning or Janitorial Service Company

How to Start a Cleaning or Janitorial Service Company

Are You Starting a Cleaning or Janitorial Service Company? Factoring companies offer same day funding to give start-up Janitorial service businesses access to needed working capital at no credit risk. Factors offer you Non-Recourse factoring at a nominal fee of 1.25% -2.25%/30 days including credit protection based on your monthly sales volume. Outsourcing is growing in the US. A recent Wall Street Journal article notes that 5 of the top 20 employers in the world regarding headcount were outsourcing companies. Every size company outsources...

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Bridge Loans for Small Business – Advantages and Practical Considerations when choosing a Bridge Lender

Posted by Chris Curtin on Nov 28, 2017 in Business Loan, Business Tools | Comments Off on Bridge Loans for Small Business – Advantages and Practical Considerations when choosing a Bridge Lender

Bridge Loans for Small Business – Advantages and Practical Considerations when choosing a Bridge Lender

A bridge loan is a short-term loan, with a term of a few weeks to 12 months. Bridge loans allow a small business owner to make a strategic acquisition, acquire property, or make some other useful purchase. Bridge loans are also called gap financing or a swing loan. Borrowing in this fashion can often be a valuable tool in increasing enterprise value. On the other hand, “bridging” the enterprise to a longer-term financing solution or an expected influx of cash. No Stigma with Bridge Loans There’s no stigma attached to seeking a bridge...

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Debtor in Possession Financing: A Tool for Companies in Chapter 11 Reorganization

Posted by Chris Curtin on Nov 20, 2017 in DIP Bankruptcy Financing | Comments Off on Debtor in Possession Financing: A Tool for Companies in Chapter 11 Reorganization

Debtor in Possession Financing: A Tool for Companies in Chapter 11 Reorganization

What is DIP Financing or Debtor in Possession Financing? A debtor in possession financing or DIP financing provides funding for a business. DIP Financing will allow the business time to reorganize its business affairs under the umbrella of protection offered by US bankruptcy statues. It is only available to companies once they have filed for protection under the bankruptcy laws. The first step then is for a business owner to determine whether to seek shelter under these provisions. If so, then ownership will need to weigh alternatives...

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Your Guide to Choosing the Best Factoring Company

Posted by Chris Curtin on Nov 14, 2017 in Business Tools | Comments Off on Your Guide to Choosing the Best Factoring Company

Your Guide to Choosing the Best Factoring Company

Continuous working capital can be one of the biggest frustrations for companies, especially those with seasonal operations or lumpy cash flow along with long payment periods. Invoice factoring is a financial solution that can help turn your proper invoices into working capital that you can use to manage your daily activities and expand your operations and business. Therefore, selecting the right factoring company is one of the most critical decisions that you will have to take when seeking this type of funding as you will be working closely...

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