As fall weather approaches and your construction projects begin to slow down for the season, have you given any solid thought into how you're going to grow your construction business in the next year? The quiet parts of the fall and winter are great times...
The Federal Reserve Board will meet again on September 25-26 and decide about raising interest rates. Currently, it is anticipated we will see a rate increase during September and again in December, particularly given the current state of the job market, and a better overall...
Asset-based lending is not as big a mystery as it sounds. Simply put, this method of financing has been around as long as businesses have existed. Businesses borrow money from a lender based on the value of a specific asset. In some instances, the asset...
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 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...
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...
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...
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...
Like any type of financing, accounts receivable factoring is a risk taken by the factoring company. In most cases, accounts receivable factoring is based on the creditworthiness of the underlying customer. Therefore, a factoring company does not provide financing for invoices that are made to...
Oftentimes, when a business owner is seeking financing, they do not understand the difference between dealing with brokers and lenders. There are advantages, and disadvantages to working with each; however, one must understand how each functions to understand what type of deal they will be getting in...