Business Loan Terminology 101
Whether you’ve got a proven track record, or you’re in the early stages of a new startup company, getting financing for your small business can be intimidating and a little confusing. Having a thorough understanding of business loan terminology can make the process a little less overwhelming. Here are some basic terms you need to understand when applying for business financing. Read More “Business Loan Terminology 101”
In today’s time, people cannot imagine running a business without the aid of technology. And the evolution of technology has changed the way we do business on a daily basis. Computers, software, apps, video, etc. have allowed companies to expand their businesses well beyond the borders of their home base. For factoring, it has created endless possibilities on how and where business can be done. Read More “Factoring Technology”
Invoice Factoring for Staffing Companies
American Receivable specializes in invoice factoring for staffing companies. When staffing agencies experience cash flow problems, they typically turn to one of two methods to help get them back on track; business loans and invoice factoring. In this article, we’ll go through the differences between the two to help you decide which is best for your staffing company’s needs. Read More “Invoice Factoring for Staffing Companies”
Business Financing – Let the Buyer Beware
Business financing is one of the most important decisions you, as a business owner will make. A business owner who has decided that factoring is the best solution for his or her business faces another challenge: Finding the best factoring company for their specific industry.
Online Business Financing
On-line lenders promise quick and easy money, while institutionally owned factors promise lower rates. These entities tend to leave out the important information regarding contractual obligations, funding minimums or maximums and fees.
Run a Tight Ship
We have all thrown out the compliment that a parent or teacher “runs a tight ship”. The origin of the phrase goes back to a time when running a tight ship could be the difference between life and death for the ship’s sailors – not just a messy room. Out at sea on a wooden ship, one loose line could bring disaster.
This is still true for today’s business owners. Entrepreneurs tend to be big picture people. In order to maximize profit, the entrepreneur has to make sure that they have a tight system in place from on-boarding a new customer to receiving and accounting for payments. It is imperative to make sure that they want to sell on open terms to this prospect. Read More “RUN A TIGHT SHIP”