Are Credit Cards the Best Way to Finance your Business?
The Dangerous Allure of Credit Card Financing Many entrepreneurs start their business with a little bit of personal savings, some friends and family money, and a couple of credit cards. Credit cards are relatively easy to obtain and easier to use. So, it’s not surprising that business owners rely on them for daily expenses. A […]
Fast Cash Solutions: Factoring to the Rescue!
We received a call from a healthcare staffing company in Los Angeles. They were less than six months in business and have already outpaced their sales projections. Their very serious problem was their customers were taking 45 days to pay. Their growth was out pacing their cash flow. A recent SBA study found that over […]
How Does Invoice Factoring Help SME Businesses?
Invoice factoring, also known as account receivable financing, is a widely used method of financing a business. The invoice factoring business is now a $3 Trillion dollar industry worldwide! This growth in invoice factoring has been fueled by economic expansion and the growing start up economy. Hassle-Free Funding The process of factoring invoices is simple […]
Preparedness Lessons Learned
Did anyone get the license plate of the truck that just hit the world economy? I think it was Covid-19!! Which makes this the time to make sure your company has a thorough business interruption/disaster plan in place. This weekend I stocked up disaster supplies for the house; toilet paper, tuna fish and extra beer! […]
How to Afford Your New Contract
Don’t Let Cash Flow Issues Get In the Way of Opportunity Congratulations! You finally landed that big contract you have been pursuing, the one that will launch your company to the big time! Before you break out the champagne have you done a quick cash flow analysis to make sure you can afford this big […]
What is a UCC Lien?
Business owners must learn a new language when shopping for financing. The lending industry jargon is confusing and can even be misleading. One phrase that will be new to the entrepreneur is UCC Lien. It sounds bad! Liens are bad, right? Liens show up when bills are past due. Liens might show up when bills […]
2020 is Faster than Ever
American Receivable Corporation has had a great start to its 4th decade! We have underwritten and funded 7 companies in the staffing industry and a men’s grooming manufacture. We continue to see growing demand for our factoring services in the healthcare staffing industry. All these new clients were established businesses and needed additional capital to […]
What every SME needs to know about Factoring
A recent survey by SCORE found that over 80% of business closings was caused by cash-flow issues. Even successful business can run short of cash when customers are slow to pay. This is especially true in industries that have extended terms, such as warehouse staffing, IT staffing, healthcare staffing, nurse staffing, manufacturing, fabrication, wholesale/distribution. Factoring […]
The Many Names For Factoring
Selling accounts receivable to obtain short-term funds is called factoring, AR financing, AR discounting, and AR factoring. Though it goes by many names factoring offers a fast solution to business owners who are facing a cash shortage. The factoring company will base its decision, buy the accounts receivable based on the credit strength of the […]
Overlooked Relationships
Welcome to 2020! Most business owners will share a very similar list of goals for the New Year. Trying to reduce costs, add customers, improve margins are resolutions most entrepreneurs share. These goals are numbers oriented but they are all driven by relationships. An often overlooked, but crucial relationship for the business owner is with […]
