KORE Capital Corporation provides $750,000 factoring facility An emerging government contractor won their first three contracts in succession in support of the Federal Government’s Operation Warp Speed. As an early-stage enterprise, the company was unable to obtain a line of credit from a bank. KORE Capital Corporation provided the company with a $750,000 factoring facility. […]
Archive for 2020
How a Factoring Company Can Save Your Business
4 years ago
How to use factoring to save your business Being your own boss is great until cash-flow problems threaten the survival of your business. A recent study by the U.S bank attributes the failure of 82% of small businesses and startups to cash flow problems. However, factoring can save your business. If you don’t have enough […]
What is an asset-based loan?
4 years ago
An asset-based loan or line of credit is oftentimes an attractive option for many companies. Perhaps your business has underperformed for a couple of months and you have run into some cash flow problems? Or perhaps you just need capital to finance your expanding business? Whatever the case, an asset-based loan (ABL) could assist. What […]
How factoring saves businesses
4 years ago
Factoring saves businesses by alleviating cash flow problems. Being your own boss is great until cash-flow problems threaten the survival of your business. A recent study by the U.S bank attributes the failure of 82% of small businesses and startups to cash flow problems. So how do you know if you have a cash flow […]
Unsecured vs. Secured Debts: What’s the Difference?
4 years ago
Loans generally fall into two different categories: unsecured debt and secured debt. What is the difference between the two? And, what are the implications for the borrowers and lenders when it comes to non-payment? Know the difference between secured vs unsecured debts. Unsecured debt Unsecured debts are different from secured debts. Lenders grant unsecured debt […]
Why banks should let go of non-performing assets
4 years ago
Non-performing assets (NPAs) are debt instruments on which borrowers have failed to make the agreed payments for an extended period. As a result of ongoing defaults, NPAs do not yield any income for the lender. Effects of non-performing assets NPAs do not yield any income. So, carrying them on your balance sheets creates three burdens […]
How to improve banks profitability through the management of NPAs (non-performing assets)
5 years ago
Non-performing assets (NPAs) are among the leading causes of declining profitability in banks. You can improve a bank’s profitability through the management of NPAs. Effective management of NPAs is essential in keeping a bank or other lending institution operational. The management of existing NPAs can be difficult and may often lead to debt collection measures […]
What is the goal of the good bank-bad bank structure
5 years ago
After the 2008 financial crisis, the federal government introduced several different measures to help beleaguered financial institutions. One of these was the good bank-bad bank structure. This structure is still used today. And, is as relevant and useful as ever during the post-COVID-19 economic downturn. What is the good bank-bank structure? After banks started to […]
Solutions to financing a government contract
5 years ago
Have you, as a small business owner, ever considered bidding for government contracts with the help of factoring? Not only are government agencies at all levels – federal and state to county and city – mandated to work with small businesses, they also need just about every type of product or service you can imagine […]
4 ways to use factoring for government contracts
5 years ago
Once (preferably before) the champagne has been popped because you have been awarded a government contract, you should think about using factoring as a way to finance the fulfillment of the contract. There are 4 ways to use factoring for government contracts. Government agencies large and small are mandated to support small to medium business […]