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30 Jul
Women Business Owners May Face Loan Gender Gap….

Women Business Owners May Face Loan Gender Gap…

Women who own small business are still behind their male counterparts when it comes to getting loans and government contracts, a recently released congressional report said.

The report by Democratic staffers of the Senate Small Business & Entrepreneurship Committee found that while women-owned businesses account for 30 percent of small companies, they receive only 4.4 percent of the total dollars in conventional small-business loans. That amounts to $1 for every $23 loaned.

In terms of numbers of loans, women-owned businesses receive only 16 percent of all conventional small-business loans, and 17 percent of loans backed by the Small Business Administration. Their loan applications are also more likely to be rejected more often than those from businesses owned by men, and the loans they get are likely to have more stringent terms.

According to the report, women are also falling short in receiving government contracts. Although Congress in 1994 set a government-wide goal of awarding 5 percent of federal contract dollars to small businesses owned by women, it hasn’t reached that goal.  Failing to meet the goal costs women-owned businesses nearly $5.7 billion in government contracts each year.

The report also called for increased funding for Women’s Business Centers, SBA-sponsored counseling programs for women owners around the country. Reduced funding and staffing at the centers have lowered the number of women owners they are able to help.

Despite the challenges facing women owners, they are becoming a greater force in U.S. business, the report said. It noted that 4.6 percent of all U.S. companies were owned by women in 1972; in 2007, the latest year for which there is Census Bureau data available, they owned nearly 29 percent. Between 1997 and 2007, women-owned businesses added about 500,000 jobs, while the rest of privately held companies cut jobs.

American Receivable Corporation provides financing programs for companies experiencing cash flow problems. For over 35 years they have helped businesses large and small find solutions to their financing needs.

24 Jul
American Receivable volunteers to help make back to school easier for kids in their community…

American Receivable volunteers to help make back to school easier for kids in their community…

Tiffany Eitel, Vice President of Business Development and volunteers got up early Saturday morning July 19, 2014 to sort school supplies and put them into more than 1,000 backpacks for children in need.

School supplies, clothing and backpacks will be donated to Dallas area students for the upcoming school year.

More than two dozen volunteers packed the Dallas Children’s Advocacy Center’s warehouse to make sure the donations were ready to go for the group’s sort and stuff the backpacks day.

The event is a partnership between Dallas Children’s Advocacy Center and Comerica Bank.  Dallas’ Fox 4 T.V is a proud sponsor.

The American Receivable staff is always pleased to give their time and resources to many community projects including The Dallas Children’s Advocacy Center.  “Giving back to the community is something we truly believe in” said Tiffany Eitel.  “Helping to make sure those less fortunate and particularly school children have the essential supplies is so important because they are our future scholars and leaders.”

American Receivable has been actively involved in their community for over 35 years and is proud to support the following organizations:

Ronald McDonald House of Dallas          The Dallas Women’s Foundation

Austin Street Shelter                                  The American Heart Association

Heroes for Children                                     The Dallas Children’s Advocacy Center

St. Jude Hospital for Children                   The North Texas Food Bank

Children’s Medical Center  – Dallas/Plano 

Meals on Wheels/Visiting Nurses Association   

American Receivable Corporation provides financing programs for companies experiencing cash flow problems. For over 35 years they have helped businesses large and small find solutions to their financing needs.

 

 

17 Jul
It’s not always in the name….

It’s not always in the name…

For years factoring companies have gotten a bad name for all sorts of reasons.  This has been due in great part to peoples misconceptions of what factoring companies really do and how they fill a void for many small companies with cash flow issues.

Historically, factoring was used to finance struggling businesses. Today it is used by startups for growth capital, companies seeking expansion, and some just wanting to take advantage of trade discounts with their suppliers.   Factoring also makes purchasing new equipment and supplies possible.  For today’s businesses factoring is a means to stay cash flow healthy.  There are still some negative views of factoring primarily for two reasons: cost and customer perception.
Cost: Companies assume factoring has burdensome costs. In reality factoring costs have been on a steady decline since 2008 due to supply and demand. Today, there are more factoring companies than ever before resulting in lower costs as they compete for customers.
Customer perception: A company may worry that its business could suffer if its clients learn that it is factoring. The perception is that if a company has to sell its receivables it is struggling financially. While that may be true some of the time more often it is the opposite. There are hundreds of reasons why factoring is a viable source of funding in the U.S.  Big box retailers, including Wal- Mart, have entire departments dedicated to working with their suppliers’ factoring company. These retailers recognize the value of factoring for its suppliers and are motivated to work with companies who do factor.  As more companies take advantage of the factoring benefits the face of factoring will continue to change for the better.

American Receivable Corporation www.americanreceivable.com is an expert in small business finance.  They provide factoring programs for companies experiencing cash flow problems. For over 35 years they have helped businesses large and small find solutions to their financing needs.

02 Jul
American Receivable Corporation celebrates 35 years…..

American Receivable Corporation celebrates 35 years…..

35 years ago this month American Receivable Corporation opened its office in Dallas and began helping businesses seeking factoring services.

In the early years there were no sophisticated factoring software programs, email, or internet.  What we did have were thermal fax machines and a rudimentary pegboard accounting system.  Most clients hand delivered there invoices to our office and we cherished getting to know each through their daily or weekly office visits.   Despite the minimal business trappings our company thrived and was able to make a difference to the clients we served.

Since 1979 American Receivable Corporation has evolved with technology.  Computer systems have taken place of the pegboard and the internet and email have replaced personal delivery.  What hasn’t changed is American Receivable’s business philosophy or ethics.  Our honest, practical approach to factoring and our sincere interest in our clients has propelled us through the decades.  Our clients are our success.

       American Receivable Corporation, proudly serving Texas and the Southwest for 35 years. 

 

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