A financial tactic called accounts receivable factoring can give companies immediate access to cash by utilizing their unpaid invoices. This procedure sells accounts receivable at a discount to a corporation known as a factor. In exchange, the company receives quick cash that it can use to pay bills, make investments in expansion, and increase liquidity. […]
Archive for 2023
What Can Businesses Do About Rising Interest Rates?
2 years ago
Firms need to adjust and implement procedures that protect their financial stability as interest rates rise. In this blog article, we will examine how rising interest rates affect businesses and talk about practical measures they can take to reduce risks and prosper in a shifting economic environment. Increased borrowing costs, investment choices, and general financial […]
The Rise in Institutional and Alternative Lenders
2 years ago
The business lending world has seen a significant shift in recent years, with more and more small businesses turning to alternative lenders and institutional investors for funding. According to a recent Forbes article, small business loan approval rates from traditional lenders remain sluggish while alternative and institutional lenders are gaining popularity. How The Source Of […]
10 Reasons Why You Can’t Get a Bank Loan
2 years ago
Securing money is crucial for business owners who want to expand and maintain their businesses. Nevertheless, obtaining a bank loan is not always simple. Despite the fact that your firm is profitable, you could be unable to obtain a bank loan due to your credit history or business concept. The top 10 reasons why banks […]
Warnings About Alternative Lending
2 years ago
Alternative lending is standard for many businesses that have a good relationship with their lending partner. Other companies are wary about using alternative financing for various reasons. The 2022 Small Business Credit Survey (SBCS), a collaborative effort by all twelve Federal Reserve Banks, shows that businesses are more likely to apply for funding with an […]
How To Protect Yourself From Customer Bankruptcy
2 years ago
Did you know you can use factoring to protect your business from customer bankruptcy? As a business owner, you understand how circumstances can impact companies, especially those outside your control. Statistics from the Administrative Office of the U.S. Courts show that in the calendar year 2022, business bankruptcy filings fell, though individual filings under Chapter […]
How Factoring Protects Your Business From Bank Collapse
2 years ago
Factoring can protect your business from bank collapse. Not only are banks less likely than they have ever been to extend credit to small enterprises, but the current state of the financial system makes obtaining credit from a bank more difficult. Depending on your circumstances factoring may be a more viable solution. Why Factoring Is […]
Understanding The Decline In Bank Loans To Businesses
2 years ago
The decline in bank loans to businesses is not a new trend. Not all business owners realize this, but they are increasingly less likely to receive business loans from financial institutions. In fact, bank loans to businesses have been declining since the 1980s. According to the Bank Policy Institute, “Since the 1980s, the decline in […]
The Pros and Cons of a Collateral Loan
2 years ago
Every business requires funding to grow, but not all businesses have the creditworthiness to obtain traditional loans. Collateral loans are a type of loan that requires you to put up something of value as security for the loan. If your business is struggling financially, you may be tempted to consider a collateral loan, but is […]
Using Invoices for Collateral Loans
2 years ago
With a looming recession and rising cost of inflation, your business may be facing financial challenges. Instead of relying on a bank, you can now use your invoices for collateral loans. Here’s how invoice financing can help keep your business out of debt, or grow your business regardless of the challenges ahead. What is Invoice […]