Category: Business Trends
Using Factoring After Purchasing a Business
June 22nd, 2010Many people who have left the corporate world after losing their jobs are thinking about taking their retirement savings, or 401ks and wither starting or purchasing a business. Interestingly, financing the purchase of a business is pretty easy if you are prepared, and it is much easier than trying to get the money you would need for a start up business. Most people just need help on how to acquire a business. Oh and by the way, unless you’re prepared to collateralize the loan to start a business at 100 percent with your own personal liquid assets, a bank will not loan you the funds. So there are benefits to buying a business versus starting a new business. And there are plenty of tools that can help get you through the tough spots - like a bad economy - such as factoring. more »
Invoice Factoring Aids Businesses for Disaster Relief
June 16th, 2010With all the disasters facing people in the United States this summer - from the recent Gulf oil spill to the spring floods in the south, and tornados in the midwest, you might find it of interest that the Small Business Administration (SBA) has stepped… more »
New IRS Small Business Postcard Campaign for Tax Break
June 15th, 2010The Internal Revenue Service (IRS) announced that it is mailing a postcard campaign to more than four million small businesses notifying them to see if they qualify for a tax break designed to encourage smaller businesses not mandated by 2014 to provide health care to their low- and moderate-income workers. Businesses are scrambling to come up with the funds to cover their employees based on the new health care reform laws, could use factoring of their invoices to come up with the money. more »
Factoring: The Fast Track to Generate Working Capital
June 11th, 2010If you are a small to medium-sized company, today more than ever before, you know how the roller-coaster effect of our economy affects your cash flow. Businesses that need to improve cash flow are a good candidate for factoring financing programs. Just a few examples include manufacturers, Government suppliers, subcontractors, builders and developers, service providers, professional service companies like qadvertising or marketing firms, security companies, healthcare industry businesses, electronics suppliers, recruiters, and transportation or freight, just to name a few. more »
Invoice Factoring Can be Your 'Cash Cow'
June 9th, 2010We have probably all heard the expression - "it's a cash cow." A cash cow is a business or product generating a high profit margin: so high that it is responsible for a large chunk of operating profits that exceed the amount needed to sustain the business. Invoice factoring can help you get these funds in earlier so you can pay employees, and purchase supplies, equipment and manage other key expenses to grow, tuyrning your business into a 'cash cow.' more »