Funding Your Startup

In today's difficult financial times, large numbers of businesses are turning to factoring companies and asset-based lenders for working capital. Most of these commercial finance companies are good reputable financing sources, however, there...

Securing a small business can happen in as little as 36 hours. The SBA Express program makes the process of procuring a government loan quick, attractive, and accessible to small business owners looking...

Asset-based lenders (ABL) have filled an important niche for businesses with strong balance sheets that are growing too fast for traditional bank lines of credit. Today, many traditional bank lines of credit are...

Financing for small business owners.

Cash is king, egos and sloppy inventory are jokers. Disposing of obsolete inventory could be your most profitable sale. Stale in inventory is a depreciating asset which is devaluing at an ever increasing...

The Small Business Administration (SBA) seems to be dragging its feet on putting in place programs that can help ease the burdeon for small businesses. Senator John Keary and others have asked the...

There are three important things for the business side of the practice - cash, cash and cash. Here is today's installment of observations and advice for managing through the economy in trouble.

No surprise here. It is harder to get a business loan to do a business acquisition. Here are the ways the credit is tightening up in this area....

When banks fail, small business loan customers suffer. If the FDIC takes over a bank, you have to deal with an insensitive govermental beauracracy. If another bank takes the failing bank over, you...

Accounts Receivable Financing is a way to leverage your company's most fluid asset and convert it to working capital. Known as factoring, the conversion of accounts receivable into cash (working capital) has become...

Too frequently, a new entrepreneur will underestimate how much money it will take to start a business. The result is usually that the owner ends up in a cash flow pinch, and that's...

Normally it is not advisable to use equity in real estate to provide short-term working capital. It does make sense include when their is no other alternative, or when a company needs a...

Importing and exporting goods is a great way to expand your business and participate in the global economy. The government has several programs that focus on getting started.

Buying a franchise is a major decision. Don't assume anything, including that the franchisor knows what they're doing or has competent vendors. Get recent references from those who have gone before you, and...

Extreme due diligence required

Lenders today are requiring more and more documentation for subtantial business loans. The list of items can be daunting, but this post 3 of 4 in a series explains in detail what kind...

Cash flow is part accounting and part crystal ball. You need to estimate what your cash outflow will be, and that is predictable to a degree. But if this is your first year...

Grow the topline in order to buy the things that are "nice to haves."

Though accounts receivable financing (or factoring) is not for every business, there are times when a business can strategically use this form of financing working capital effectively and at an affordable cost.