Paying Off The Old Line
It should be noted that the current slowdown in the economy has caused a severe commercial financing bottleneck when it comes to securing accounts receivable factoring. The problem is – what to do with...
View ArticleThe Killer Line Of Credit
In business, access to capital at all times is crucial. Being locked out of obtaining working capital can break a company. Today, in this current economic climate, qualifying for credit from an...
View ArticleWill An ARC Loan Help Your Business?
The stimulus plan created for small businesses the America’s Recovery Capital or ARC loan program. With $255 million of funds, it is geared to help businesses who have an existing loan with their...
View ArticleTerm Loans vs Line Of Credit
As a business owner looking for help financing part of your business, it is important to understand the fundamental differences of a bank line of credit and a term loan. They are used specifically for...
View ArticleOn Being More Attractive To Lenders
A recent post on GovWin describes things that a business can do to become a better candidate for a business loan. 7 Ways To Be More Attractive To Business Lenders Businesspeople always say that access...
View ArticleThe FDIC Steps In To Lend A Hand
Last week the Federal Deposit Insurance Corporation (FDIC) hosted a Small Business Lenders Forum to discuss what the government and banks can do to facilitate more lending to small businesses. In its...
View ArticleThe Siren Song – The Bank As The Only Choice
Getting a loan from a bank always sounds appealing. Your company is growing, new hires are coming on board and it is getting increasingly difficult to pay bills, payroll and taxes. Most business owners...
View ArticleThe Factor’s Banker
A not so obvious distinction between different factoring companies is – where do they get their funding? The greater majority of factors borrow money from banks. This could have direct consequences by...
View ArticleThink Like a Banker
My friend Mike Selfridge at Silicon Valley Bank has this great post in CFO Magazine: The CFOs I know don’t typically think of themselves as bankers, but a walk in wingtips would serve them well....
View ArticleSubordination Agreements, Sometimes A Necessity
One of the most difficult issues to overcome when seeking capital is the existence of a previous lien holder. This means your company has already borrowed against some business assets and is now...
View ArticleWhen A Bank Loan Is Not Enough
It is common for small businesses to go directly to a bank for outside capital without fully considering the big picture strategy of growth and the future. Yes, ultimately in the long run securing a...
View ArticleBanks Can Help Start Ups
Invoice factoring from a factoring company is not necessarily going to be available for every business owner. Companies without invoices, or just trying getting started, will need access to other forms...
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