Ensuring sufficient funding is in place to cover payroll and operating expenses is perhaps the most important task for a business owner. No matter the type of business or industry, payroll funding problems must be avoided, and the best way to do this is to...
Successful factoring brokers and ISOs who understand the importance of prequalification and the deal submission process for invoice factoring get more deals approved faster and with fewer problems. They develop a strong working relationship with the factoring companies they deal with and build a solid,...
When applying for business funding, you’ll need to provide supporting documentation as part of the application and due diligence process no matter the type of financing. One item lenders and alternative funding sources, such as factoring companies, will request is your company bank statements. Bank statements...
The recent bank failures, finance regulations, and an ever-changing economic climate are impacting lending practices all across the country. Lending from U.S. banks and other traditional financial institutions has contracted significantly indicating a tightening of lending standards. This has resulted in more bank turn-downs and...
When using invoice factoring, you sell and assign the rights, title, and interest in your accounts receivable to a factoring company. The rights you assign include the right to receive payment for the accounts receivable. A Notice of Assignment is a document that is used...
If you are a Financial Broker or ISO, you may have encountered some business owners who are uncomfortable with the idea of factoring their invoices. Helping prospective clients better understand the concept and clearing up misconceptions is important to help them decide if factoring is...
To commemorate Women’s History Month this year, Capstone is pleased to highlight an amazing woman’s contributions and innovative leadership success. This year, we recognize and honor Ruth Abady, Chief Financial Officer for Capstone. Ruth possesses strong leadership skills and problem solving capabilities. She has been a critical...
The U.S. engineering and construction (E&C) industry had strong results in 2021, with construction spending growing by 8%. Robust construction spending carried over into 2022 and was bolstered by passage of the Infrastructure Investment and Jobs Act and the CHIPS and Science Act (CSA) of...
The New Year ushered in the implementation of newly inked commercial finance disclosure regulations (“CFDR”) in New York, Utah, and California. At least nine states across the country have, or are considering, consumer-style disclosure requirements in the form of disclosure bills, disclosure laws, and disclosure...
Minority-owned business enterprises (MBEs), have played an important role in the growth of the U.S. economy. Over the last 10 years, small businesses owned by minorities, women, and veterans accounted for more than 50% of the two million new businesses started in the United States...