Banks reported tightening their lending requirements on all types of business loans in the second quarter as quarantine related shutdowns plunged the economy into recession. Demand for all types of business loans fell, according to the Federal Reserve. Banks reported that their lending standards are now at the “tighter end of the range” of standards […]
The challenges of 2020 have not stopped. Looking back at the end of 2019 business owners were getting ready for another banner year. The red-hot economy allowed some companies to succeed despite some sloppy business practices. Here are some tips that would help a company thrive in a good economy and survive when times are […]
A survey by the National Federation of Independent Businesses (NFIB) found that 82% of business failures are due to poor cash flow management or poor understanding of how cash flow contributes to business. As the trusted advisor to your clients you are already well aware of this statistic. So many business owners learn too late […]
It seems the world is getting scarier by the day. The business world is no exception to this observation. Business owners have had to adapt to working from home and then ever so careful reopen. While dealing with safety and physical health issues of its employees and customers, business owners must also stay focused on […]
Having a big company as a customer is both a blessing and a curse. It’s a blessing having a large stable customer that provides a steady flow of purchase orders. However, being a supplier for a large corporation also has a set of unique challenges not faced when doing business with smaller companies. Asymmetry in […]
With cash flow stretched to its breaking point for many businesses, the consequences of late, or worse yet, non-payment has never been more dangerous. Deciding which customers to extend credit to has never been more difficult. There is lots of credit information on the internet. But it is often expensive, hard to interpret and the […]
Since April, the SBA has loaned over $500 billion. This huge number has softened the blow the economy would have taken due to the shutdown. As helpful as the PPP is, companies are now finding themselves again strapped for cash. Most of our clients at American Receivable were able to secure a loan thru the […]
So, after research and negotiation you have signed your factoring agreement and your ready to start selling invoices. Before you factor your first invoice here are a few suggestions that will help you get the most out of your factor. Customers Your factor is laser focused on your customers. After all, it’s your customers that […]
Many companies struggle to meet payroll and operating expenses, especially when their customers are slow to pay their invoice. Staffing companies often experience this pain when they have weekly payroll but are only getting paid every 30 days by their customers. Factoring is the solution for this common problem. Simple Successful staffing companies know better […]
American Receivable recently completed three new account receivable factoring facilities, including: Texas-based Produce Company This company needed funds to take advantage of growing sales orders from a regional distributor. ARC put together a factoring and credit insurance facility to both growth capital and reduced credit risk. California-based Inventory Auditing Company This company saw a dramatic […]