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 […]
line of credit
How to Manage Your Small Business Line of Credit
11 months ago
A small business line of credit is a crucial financial resource that offers flexibility and allows easy access to funds when required. Efficiently overseeing your credit line is essential to prevent financial setbacks and optimize its advantages for your organization. In this blog post, we explore tips to help you effectively manage and maximize the […]
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 finance a government contract
3 years ago
Landing a government contract can be an exciting and lucrative development for a small to medium-size business. However, completing the contract does come with a few drawbacks. Most notably, these drawbacks include the all too common problem of slow payment. You know the money is coming eventually. But, that doesn’t help when you need strong […]
How Small Business Invoice Factoring Improves Cash flow
3 years ago
There is a reason that many small businesses regularly include invoice factoring in their financial strategies. It is because all businesses need cash flow to fuel their growth, and invoice factoring is a powerful solution for improving cash flow. How exactly does it bring about this benefit? Here are the two primary ways in which […]
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 […]
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 […]
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 […]
KORE provides $1,000,000 Asset Based Line of Credit
5 years ago
Rapidly growing Technology Solutions Provider in Western Pennsylvania was enduring losses. The bank was unable to support the company’s future growth. KORE Capital quickly crafted a solution and closed a $1,000,000 Asset Based Line of Credit for the company. It provided the capital the company required to satisfy its indebtedness to the bank and scale […]