Asset Based Lending vs. Factoring – Which Is Best for Your Business?

businessmen having a meeting

Factoring is a type of asset based financing that is often confused with asset based lending.  While these products have some similarities, they are different.  This article helps you understand the differences between these products and helps you determine which one is best suited for your company. Factoring Factoring, also know as invoice factoring and […]

Lessons Learned

A survey by researchers at Washington University in St. Louis found businesses with a previous lending relationship enjoyed a 57%-point advantage in obtaining a PPP loan, with 75% of “relationship-borrowers” getting a loan compared with only 18% of “non-relationship” companies succeeding in getting a PPP loan.  The study further found that a personal connection between […]

Invoice Factoring for Startups

invoice factoring for startups

Startups bring us some of our most creative innovations.  Being a startup involves a lot of risk, time constraints, staffing demands, and challenges obtaining funding.  Invoice factoring can help with funding by speeding up cash flow without the long wait for an invoice to pay.  By taking advantage of factoring a startup can ensure they […]

Who Qualifies for a Factoring Company?

small business

As banks become more restrictive with their lending more and more business owners are turning to alternative lenders to find the additional working capital they need.  Invoice factoring, also sometimes referred to as invoice finance, is when a business owner sells their accounts receivable to a factor for immediate cash.  Business owners improve their cash […]

Life After the Paycheck Protection Program

paycheck protection program form

The good news is the government is offering another round of paycheck protection program (PPP) funding for small business.  This round is slightly more restrictive as to who can receive it and who qualify for forgiveness.  The bad news is that businesses looking for working capital or expansion loans will find their bank totally consumed […]

Best Rated Eight Years in a Row!

The prestigious website Business.com  has just announced their best factors for 2021.  For EIGHT years running American Receivable has been rated as the BEST factor for small, medium enterprises!   Business.com found that;    “American Receivable is an excellent factoring service with fast turnarounds, no monthly minimums and a long, reputable business history”.  Business.com uses a vetting […]

Is Invoice Factoring Right For Your Small Business?

small business invoice factoring

What Factoring Is and What It Isn’t Factoring is not a loan.  You are not paying the factor back, your customer is.  Factoring is not a good solution for long term debt like buying a building or equipment.  And factoring is not an option for companies in the pre-revenue stage. Factoring, also known as accounts […]

Keep Your Team Motivated During the Holidays

Motivate team during the holidays

It’s easy to get off track during the holidays.  Employees can be distracted by the festivities, shopping and meals – especially while working from home.  It is important to keep your business on track at the end of the year, so keeping your employees focused on their goals is critical.  Also, you want to remind […]

I’ve Been Turned Down by the Bank Now What?

Loan declined by banks

Having enough cash on hand to operate and grow a business has always been challenging.  This year has made the search for additional money even more difficult.  Earlier this year banks were entirely consumed with PPP loans.  With the uncertain economy banks have become more cautious. A recent survey showed that more companies have been […]

Looking Back with American Receivable

looking back

Our office that overlooks the Central Expressway and LBJ Freeway interchange is less than quarter mile away from where American Receivable started 42 years ago.  The original office was on 13th floor and was a converted supply closet with no windows.  As two young entrepreneurs we took our college finance degrees and started a factoring […]