Natural disasters can happen anywhere and at any time. Over the past several weeks the headlines have been dominated by three monster hurricanes and a 7.1 earthquake in Mexico. If they’ve taught us anything, it’s that there’s no such thing as being over-prepared, and that goes for your business too.
Strategies to turnaround a struggling business with cash flow problems has many sides. Benefits, payroll and other expenses directly related to the number of people working for a company may be one of the largest expenses. There may be areas where a company can cut cost by eliminating positions that are no longer necessary and determining what benefits and other costs may be eliminated. Additional costs like office leasing may be renegotiated, as well as non-essential supplies and other items purchased for the office.
However, applying for business financing online also come with one major risk – cyber-crime. The Internet is prime “feeding grounds” for criminals waiting to pounce on your personal and financial information. Here are five security tips to help you avoid these risks when applying for financing online.
Business owners have more options available for financing today than at any other time in the past. In addition to traditional lending avenues such as SBA loans, community bank lending, equipment leasing, factoring, and asset based lending, there are a large number of online business lending companies.
Factoring has been around in some form or another for centuries, yet it is still a relatively untapped source of finance for many businesses. In fact, invoice factoring is typically a small part of curriculum in many university finance departments. Let’s take a look at the history and evolution of the world of factoring.