1982 was a new world for Jack and me. We were barely out of college and starting what turned out to be a very successful factoring company. We had a lot of help along the way. One of the most influential men in our young lives was Doug Forrer. Jack and I were great at answering the phone […]
For many people starting and running their own business is their number one goal. Being your own boss, creating jobs for other people and having the pride of ownership are some of the reasons that entrepreneurs start their own company. One hurdle that that business owners must overcome is obtaining the necessary funding to pay […]
It is easy to be overwhelmed when looking for a factoring company. There are so many flashing ads and confusing buzzwords a businessowner can be quickly led down a path that seems right but ends up costing dearly. Here are the top 5 questions we get about accounts receivable factoring. How Do Factoring Rates Compare […]
The economic news continues to be confusingly double sided. Wall Street is again nearing record territory while Main street is dealing with high unemployment, bankruptcies, and late payments. Banks and business owners have already taken notice and are doing everything they can to gather liquidity to survive this storm. For the last eight years business […]
Getting a loan for a business has become exceedingly challenging as the Covid economy rolls on. Banks have become very cautious, as so many of their customers have experienced financial difficulty. Not only are fewer new loans being approved, many current bank customers are not having their loans renewed. Many businesses have experienced a loss […]
Banks are seeing steady demand for loan request. But due to tightened credit standards, few loans are being approved. This makes alternative lenders; like invoice factoring, even more important to keep the economy going. As more business owners turn to factoring as their financial solution there is a growing amount of confusion about account receivable […]
The religious definition of Grace is unearned favor. Culturally we show Grace when we initiate kindness. The stresses of life are reflected on social media sites and the news. Tempers are on display as adults have tantrums over a request to wear a mask. It seems everyone’s nerves are on edge. A never-ending pandemic, divisive politics, and racial tension […]
Several months ago, we started factoring a company that had a great opportunity to double its business. By taking advantage of our invoice factoring program, our client has more than doubled it’s sales in this short period of time. In fact, two weeks ago our client received even more orders! Our client had to deal […]
As banks have reported tightening their lending standards there will be more and more demand for alternative lenders for the last half of 2020. As financial brokers, your expertise will be needed as fewer companies qualify for conventional lending. Your customers will be counting on your expertise of understanding the many types of commercial financing […]
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 […]