Why Factoring Companies Can be Better than Banks for Small Business

Posted by on Feb 19, 2016 in Alternative Financing, Non-Recourse Accounts Receivable Factoring | 0 comments

Why Factoring Companies Can be Better than Banks for Small Business

Picture this – you own a small business. Such business is one that you have worked hard to ensure has happy customers, quality products, and excellent service. Now, because of all your hard work, you are finally getting the recognition you deserve. Your small business is growing rapidly. This is reaching new clientele and expanding your product lines, along with your profit margins. However, growth can be expensive, and you need capital to reach your full potential. As a small business owner, you have a wide variety of options available....

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Understanding Factoring Rates

Posted by on Jan 24, 2016 in Alternative Financing, AR Funding, Discount Factoring, Government Factoring, Staffing Factoring | 0 comments

Understanding Factoring Rates

What is the key to Understanding Factoring Rates?  Many business owners attempt to compare APR interest rates to invoice factoring rates. The problem is twofold. One, the best factoring company’s rates include Accounts Receivable Management, Credit Services, and Credit Protection and two, a bank only helps the most creditworthy company with typically three years of proven profitability. We now explain the primary factoring process in simple terms for you to understand how it works and what it would cost you. What is a Factoring Advance...

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Shark Tank (Private Equity) versus PO Funding and Receivables Factoring

Posted by on Apr 29, 2015 in Alternative Financing | 2 comments

Shark Tank (Private Equity) versus PO Funding and Receivables Factoring

Thinking about Selling Equity in your company à la Shark Tank vs Invoice Factoring or PO Funding. Here are real answers about Shark Tank alternatives to giving up equity in your company versus using non-recourse invoice factoring and PO funding without ownership dilution to grow your business. Shark Tank is a TV show with almost eight million weekly viewers not counting the streaming viewers. One of the “Shark” Investors, Kevin O’Leary likes to call it to venture capital on steroids.  Everybody knows that the deals that happen on...

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Bank Factoring

Posted by on Jan 22, 2013 in Alternative Financing, AR Funding, Working Capital | 0 comments

Bank Factoring

The Benefits of Outsourcing Bank Factoring The nature of bank lending practices often puts bankers in the position of having to turn down a business loan application – even from a current client – because the client’s balance sheet is overextended, it does not have any further available collateral to increase its line of credit, or for other reasons. Often, bank clients may wish to use invoice or receivables factoring as a way to raise additional cash for working capital, business expansion, or investment in new equipment. While some...

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Need Money for Business

Posted by on Aug 14, 2012 in Alternative Financing, Business Tools, Startup Financing | 0 comments

Need Money for Business

Where do you turn if you need Money for your Business? It is not easy to find working capital to grow your business today. And if you are doing all the right things growth consumes even more of your precious cash. Increased sales mean increased payroll, materials, and overheads. Where does an undercapitalized entrepreneur turn? Let’s discuss what is available for you and your business today. Depending on the length of time you have been in business, your type of business, the amount of money you need and your personal credit situation; we...

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Banks Say No

Posted by on Jul 25, 2012 in Alternative Financing, Business Tools, Startup Financing | 2 comments

Banks Say No

What to do when the banks say no to your business loan request? Well first let’s discuss the reasons a bank could say no to your loan request and what you can do about it: Wrong Bank: There is a very good chance that you are at the wrong bank. Every bank has a sweet spot for loans and your loan request might not be in it. Some banks are only “dirt banks” i.e. they only lend against real estate. Some banks do not do any SBA backed loans or loan against inventory. All banks have a legal lending limit based on their capital...

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