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What is Invoice Discounting?

What is Invoice Discounting?

There is a plethora of working capital funding options for small business owners in America. Between equity funding, bank and private loans, cash advances, and many other borrowing options, it’s hard to tell the difference between them (some don’t even have differences!). One of the most commonly inquired options is ‘invoice discounting.’ What is invoice… (Read the full article)

Meeting your Factoring Company

Meeting your Factoring Company

Deciding to Factor Your business is in a financially difficult situation. You, as the small business owner, do not want to become attached to a loan that will accrue interest and requires regular payments. Instead of loading yourself with debt, you decide to relieve yourself of it. By selling your accounts receivable, you sell the… (Read the full article)

The Two Types of Factoring

The Two Types of Factoring

The Importance of Factoring When small businesses face financial difficulty, their only option is to find the capital necessary to survive the situation. Traditionally, the most common way to acquire capital from a bank was to take out a small-business loan. Though this is still an option, an alternative source of funding, known as factoring,… (Read the full article)

Difference Between a Loan and Factoring

Difference Between a Loan and Factoring

The economic landscape is ever-changing. Events occur constantly to shift expectations. With the global economy changing continuously, the price of commodities fluctuates with variables beyond your control. In an emergency, a small business may have to produce capital that they simply do not have readily available. To survive these circumstances, business owners must understand all… (Read the full article)

What Is an Asset-Based Loan?

What Is an Asset-Based Loan?

Put simply, an asset-based loan (ABL) is a business loan secured by collateral, usually inventory or accounts receivable. Basically, you are using your future revenue to get access to money right away. Lenders focus on the quality of collateral, rather than focusing on credit ratings. ABLs were once considered to be a last resort form… (Read the full article)

What is a Business Cash Advance?

What is a Business Cash Advance?

A business cash advance, or a merchant cash advance, gives you the opportunity to “sell your future sales” which allows you to get funded quickly. Payback occurs immediately on a monthly basis with this short-term solution. The cash advance provider can also choose to debit your bank account on an every-business-day basis or it can… (Read the full article)

How to Get A Business Loan

How to Get A Business Loan

Money is important for every business; it is the bloodline that keeps things flowing. Money is required to keep your business afloat and required for your business to expand. This is especially true for small businesses that want to create a foundation and flourish. If you are a young business in need of more capital,… (Read the full article)