Even before the Corona chaos 69% of small business owners faced cash flow issues. Negative cash flow can limit your ability to pay bills, limit growth opportunities and ultimately force a business to close. These following best practices will help business owners turn cash flow positive without taking on new debt or a new partner! […]
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 […]
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 […]
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 […]
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! […]
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 […]
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 […]
A business owner will quickly face information overload when trying to research invoice financing or accounts receivable factoring on the Web. The first thing a business owner must do is sort thru all the paid ads. Many of these ads are not even from funding sources, but from brokers who get paid by placing you […]
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 […]
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 […]