Women’s History Month is a time to celebrate the incredible achievements of women throughout history while reflecting on how we can support and empower women today. The financial sector, once a male-dominated arena, has seen groundbreaking contributions from women who shattered glass ceilings and paved the way for future generations. Let’s spotlight three trailblazers who […]
asset-based lending
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11 months ago
Asset-based lending (ABL) is a financial strategy in which the assets owned by the borrower backs a loan. ABL differs from typical loans because it enables firms to use their assets as collateral to obtain finance rather than relying exclusively on creditworthiness. ABL provides organizations with significant assets but limited access to traditional funding with […]
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 […]
Tips for Business Growth Management
2 years ago
As your business grows, you might find yourself facing new business challenges. A good business growth management strategy can help you manage rapid changes and ensure your business is a success. Here are some tips for business growth management. Create a Growth Plan What are your business objectives now that your business has grown? It’s […]
What Is An Asset-Based Loan?
2 years ago
To navigate the cut-throat financial landscape of running a company, business owners need access to reliable, fast, and flexible lending solutions. Traditional bank loans have a mountain of qualification criteria to overcome, meaning many businesses (especially startups and small businesses) struggle to qualify. There are numerous useful alternatives to traditional lending, one being asset-based lending. […]
Future Factoring Trends
3 years ago
Times have been a little tough for the factoring industry since the beginning of 2020. But, future factoring trends appear to be moving upwards. As banks tighten up their lending practices, more businesses are likely to turn to factoring to help with their temporary cash flow problems. Here are some of the trends to look […]
How to Use Asset-based lending to finance your accounts receivable
3 years ago
Did you know you can use Asset-based leading to finance your accounts receivable? When your cash flow temporarily falls short of your requirements, you can use several options to bridge the gap. You could apply for a loan, but that takes time and is not always attainable. Invoice factoring is another option, which is far […]
Asset-based lending for government receivables
4 years ago
As a small business owner, are you eyeing a large government contract? Maybe you are not sure if you have the resources to make it happen? Asset-based lending on your government receivables can help. Many small businesses are afraid to compete for large government contracts. That is because they doubt whether they have the financial […]
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 […]