Attaboy, Chandler!
My nephew just started riding in an ambulance for a living as an EMT. This is his first step towards becoming a paramedic then eventually a nurse practitioner. He has a lot of long nights in front of him that he eagerly awaits. After many sleep deprived weeks, Jack’s daughter, Alex, is now only […]
Remembering a Good Friend
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 […]
Finish 2020 Strong
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 […]
Factoring: What Is It and When to Use It
Slow paying customers is a major reason business owners are held back from growing their companies. A recent survey found that if all late invoices were paid at once, business owners could hire 2.1 million employees and pay themselves $31,000 more! Another study found that 82% of business failures were caused by cash flow problems. […]
Lucky Number 7
The prestigious website www.business.com has just announced their best factors for 2020. For seven years running American Receivable has been rated as the BEST factor for small, medium enterprises! Their vetting processes involved interviewing small business owners, factoring companies, reading reviews and comparing pricing to come up with their best picks. Asked for his reaction, […]
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! […]
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 […]
Success is Determined by Choices not Chance
Financing vs Funding for Small Business
Financing a business can be a challenge. The old tradition of walking into the bank to get a loan has become more complicated. You can no longer get a loan on a handshake. As a small business owner, you may find that you do not qualify for a bank loan. Banks require good credit and […]
Business Loan Terminology 101
Business Loan Terminology 101 Whether you’ve got a proven track record, or you’re in the early stages of a new startup company, getting financing for your small business can be intimidating and a little confusing. Having a thorough understanding of business loan terminology can make the process a little less overwhelming. Here are some basic […]
