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
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 […]
Small Business Finance Basics
Small business finance can be confusing for many startups. Properly setting up your financial books is vital for the success of any small business. Accurate bookkeeping will help you better manage your resources, find strategies to minimize debt and forecast economic trends to help you make the most returns from your investment. Additionally, you need […]
Who Qualifies for a Factoring Company?
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 […]
Getting your Financial House in Order for 2021
Getting your financial house in order is not as hard as you may think. With some careful planning, you too can be prepared for the best of times and the worst of times. Open bills the day they arrive. This may seem like common sense but ignoring them won’t change anything or make them go […]
Life After the Paycheck Protection Program
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 […]
10 Tips for Running a Small Business
Running a small business in today’s rapidly changing marketplace takes skill, determination, and the ability to adapt to new challenges. Here are 10 tips for any business that wants to succeed. 1. Keep Score: It’s amazing how few small businesses have any idea of the daily, weekly, and monthly numbers and financial trends in the […]
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?
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 […]
Are You Getting What You Deserve from Your Invoice Factoring Company?
The New Year is the perfect time to evaluate if you are getting the most out of your invoice factoring company. Are you already factoring your invoices as a means of improving your means of cash flow? Yes? Congratulations! You are on a great path to growing and keeping your business successful. Now, do you […]
