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 […]
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 […]