Small businesses fuel the job market across the United States. Thanks in part to small business growth, unemployment is currently showing very low rates. According to the National Federation of Independent Business (NFIB), more businesses are considering increasing their hiring and increasing inventory. One of the challenges these businesses will face however is making sure …

Business Optimism Index Increases Demand for Financing Read More »

Finding sources of financing for construction projects can be challenging. Even developers with a proven track record of success, those who have multiple properties, and those with perfect credit can struggle to find the right source of financing for their projects. Here are some options you can consider when searching for financing for a construction …

Funding Sources for Construction in New York Read More »

Regardless of the type of minority-owned business you are running, increasing your customer base should always be the goal. Increasing sales of your products or services is a necessary part of keeping your business growing, thriving, and turning a profit. There are some basic steps to growing your business during 2018 which can make the …

Secrets to growing your minority-owned business in 2018 Read More »

The federal government awards more contracts than nearly any other business in the United States. As part of a commitment to providing help to small businesses, the government commits to offering slightly more than 20 percent of all contracts to small business owners, including women-owned and minority-owned businesses. Before obtaining a contract however, a business …

Minority Contracts: How they work and getting funding Read More »

Small and medium-sized businesses often face temporary cash flow problems, especially if they don’t understand borrowing against accounts receivables. The difference in time between issuing an invoice and getting paid for that invoice is often between 30 and 90 days. This delay in receiving payment can result in a business facing challenges purchasing new material …

Understanding Borrowing Against Accounts Receivables Read More »

When you have a need for cash, and you prefer to not borrow money, one option is to get a cash advance on your invoices. Invoice lending, more commonly referred to as factoring, is used by small and medium-sized businesses to help meet their cash flow needs. How Invoice Lending Works Invoice lending allows you …

Understanding Invoice Lending and How it Works Read More »

Factoring agreements are designed to ensure a company who is using their accounts receivable as collateral, and the company who is accepting them as collateral, have a mutual understanding of their obligations. Like any other contract, factoring agreements are legal documents and are binding on all parties. Depending on the depth of your agreement with …

An Overview of Factoring Agreements Read More »