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 […]
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 […]
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 […]
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 […]
Striving Towards Financial Stability in the New Decade 2020 has arrived, and for many companies the new year brings with it new goals to strive for over the coming months as well as the decade ahead. These ambitions can take a variety of different forms, but for many staffing agencies growing to accommodate more employees, and achieving financial success are among the list. While there […]
Owning and operating a small business takes dedication and hard work. As 2019 comes to a close, it’s a good time to take a look back at the business practices that worked well, and which ones need to be improvement. Consider these tips to make sure your business remains successful in the coming year. FOCUS […]
Cash flow is apparently the most significant estimation of your organization’s financial health. All things considered, without cash close by you can’t pay your staff, restock product or grow your business. With regards to estimating the strength of your cash flow, it’s insufficient to simply check your ledger balance. You’d increase substantially more understanding by […]