Dallas, Texas- American Receivable is proud to announce that Sierra Stieber has joined the team as a second-generation employee. Sierra will have many roles at ARC from sales to account management and office operations.
In Part 1 of this series we discussed the difficulty many small business owners have when it comes to dealing with slow-paying customers, the importance of clear and open communication and some tactics that can help you avoid the problem in the first place.
You may have attended lectures or webinars, or read books on the role communication plays in motivating your employees and resolving conflicts in the workplace. But for many, the pearls of wisdom gleaned from these experiences is lost when it comes to managing their business cash flow.
In the past, we’ve discussed how invoice factoring works.
In this article, we’ll look at the Who, What and When of factoring.
One of the biggest challenges faced by many small businesses is finding the right source of capital to fund their day-to-day business operations. Unfortunately, many small businesses don’t have a clear idea of where they are financially until they’re faced with an immediate, and often unexpected need for cash. Some of the most common reasons small businesses find themselves in this situation include:
Celebrating Veterans Day
On the 11th hour of the 11th day of the 11th month of 1918, an armistice, or temporary cessation of hostilities, was declared between the Allied nations and Germany in the First World War, then known as “the Great War.” Commemorated as Armistice Day beginning the following year, November 11th became a legal federal holiday in the United States in 1938. In the aftermath of World War II and the Korean War, Armistice Day became Veterans Day, a holiday dedicated to American veterans of all wars.
Don’t Be Overwhelmed By Online Lenders….
Online lending platforms are an integrated diverse group of lenders that allow small businesses the ability to apply for loans on one site and receive offers from multiple direct lenders. Sometimes referred to as Peer to Peer lending (P2P) is the practice of lending money to individuals or businesses through online services that match lenders directly with borrowers. Since the peer-to-peer lending companies offering these services operate entirely online, they can run with lower overhead and provide the service more cheaply than traditional financial institutions. As a result, lenders often earn higher returns compared to savings and investment products offered by banks while borrowers can borrow money at lower interest rates, even after the P2P lending company has taken a fee for providing the match-making platform and credit checking the borrower.
American Receivable Review: Best Factoring Service for Small BusinessBy Sara Angeles, Business News Daily Staff Writer August 23, 2016 08:06 am EST
Why American Receivable?
American Receivable offers flexible short- and long-term factoring services at competitive rates with fast, reliable funding. There are no strict minimum requirements, either, making this provider ideal for small businesses that are struggling with cash flow and having trouble qualifying with other providers. The company has been helping small businesses with their factoring needs since 1979.
Is Factoring Right For Your Company?
Business owners trying to obtain working capital to finance their business operations usually apply for a small business loan or line of credit. But if they can’t get approved there are also some alternative finance options to help their company get a quick infusion of cash.