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...
read moreDebtor 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...
read moreHow to Finance your Small Business when Saddled with Bad Credit
Having a small business with bad credit and unable to find working capital, cash flow needs can be the biggest nightmare for any small business owners. Factoring companies understand the pain of not having good credit when business is struggling for cash flow and working capital. At very minimum, 30% of Americans have poor credit. If you are sitting in between two people, look to your left, and then a look to your right. Odds are, one of you has a weak credit report following you around or no credit at all! Even worse, according to a recent...
read moreFunding A Small Business with Tax Issues
Funding a Small Business with Tax Issues What is a small business owner with tax issues to do if when needing business financing? Companies with tax problems often feel like they have nowhere to turn. There are options available for a business owner in tax trouble. However, such options are available only if they choose to work with a qualified invoice factoring company. A business owner may be eligible for invoice factoring, payroll funding, purchase order financing, letters of credit, government contract financing, and even supplier...
read moreThe Oil and Gas Boom
The impact of the oil & gas boom affects a myriad of industries and suppliers. The oil and gas boom is producing millions of jobs. This is with the hydrocarbon sector creating jobs faster than Silicon Valley according to Investors Business Daily. Employment is up 40% in the oil and gas fields since the recession began in late 2007. Every one of the 10 states like Texas, Oklahoma and North Dakota where hydrocarbon production is increasing, overall employment growth has outpaced the nation. BusinessCash offers their funding program to oil...
read moreSmaller Companies are Winning the Oil and Gas Boom
ExxonMobil, Chevron, and Royal Dutch Shell haven’t capitalized on any of the several industry tailwinds that should seem to pave the way for substantial growth. Meanwhile, smaller competitors seem to be stealing Big Oil’s thunder. This is especially true when it comes to the oil and gas revolution in the United States. While it may be customary to assume Big Oil as the primary profiteers from the domestic oil and gas boom, smaller companies are merely outperforming their bigger brethren. ExxonMobil’s net profit dropped...
read moreInventory Finance for Business
Making money and being able to fund your orders is the most important thing to keep your business running. Searching and being qualified for a line of credit could not have been any easier than to come to businesscash.com. We understand that your time is valuable, and we are here to keep your business running by lending you money backed by your inventory. Recently we helped a distributor of contact lenses with their working capital needs. Like many other companies, they have significant investments in inventory that runs between 3-4 times the...
read moreSmall Business Confidence Rises
The National Federation of Independent Business (NFIB) released a report on the small business optimism index. Based on a survey, the small business optimism index gained 0.4 points in February. This means that small businesses are generally feeling more optimistic about the future. With small business confidence on the rise, experts suggest preparing your small business cautiously, but hopefully, for a positive future. Read more...
read moreFive Tips in Starting a Small Business
In today’s entrepreneurship, you are either succeeding or failing. Your business might be the next Apple, or it will be a dud. Being an Educated, Experienced, Creative Professional (EECP) is not enough to survive a start-up. While there is a kind of rapid growth is the entrepreneur’s dream, it also creates problems and requires the difficult transition from having a great idea to making it happen. What will help you is to take a small, “smart step” toward something you desire to achieve. Here are some hard-won lessons from INC...
read moreThe 5 Reasons Every Small Business Are Extending Credit
There is much debate over whether or not extending net terms to customers is a smart practice for small businesses. This involves risk. Especially with providing a service or product and trusting the customer to pay you back at a later, specific date. Some say it is harder for small businesses to monitor their credit department, as they don’t have the tools like Fortune 500 companies. Thanks to emerging technologies, handling their customers’ payments is easier than ever. The truth remains that, if your business model supports the...
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