CALL TOLL FREE!

Toll-free: 888-493-3666
Fax: 888-370-5557

  • ““You are always there to not only help me make payroll for others, but make my own house payment! I know it is your job, but I always have to say thank you because I couldn’t be so successful without your business to support mine”
    - Stephanie
    Business Owner

Posts Tagged ‘sucess in small businesses’

Newer Entries »

Other Funding Options

Friday, January 7th, 2011

As I posted yesterday, Factoring is a great short term solution to cash flow challenges that sometimes face business owners. There are a number of other products that we offer. Following you will find a brief outline of some other options. If you or someone you know is considering cash flow assistance for their business please feel free to contact our offices and we can discuss your alternatives.

Purchase Order Funding – funding to small businesses to fill their orders before an invoice is created.

Bridge Loans – short term loans of 6 – 8 months that provide time to secure long term financing options.

Vendor Assurance – helping small businesses qualify for credit terms from their vendors by paying their vendors directly; used in conjunction with factoring.

Start-up Loans – unsecured loans specifically for start-up businesses based on personal credit.

Tags: , , , , , , ,
Posted in Cash flow, Factoring, Growing your business, New Business | No Comments »

Factoring – A Short Term Solution

Thursday, January 6th, 2011

A business owner operated a successful business, but his credit score was too low to qualify for the SBA line of credit he needed. His banker referred him to us, as she thought we would be able to assist with his cash flow issues. She was correct. We were able to offer a short term solution by factoring his receivables.

The business owner signed a six-month factoring agreement as a bridge, to help his cash flow until his credit score improved. At the end of the six months, he will have the option to continue factoring or move to the SBA program, which will be a little less expensive.

He continued to have an excellent relationship with his banker, because she offered a solution to his problem, and she will eventually get his loan, once his credit score has been improved.

Tags: , , , , ,
Posted in Cash flow, Factoring, Growing your business | No Comments »

Small Business Owners are Unsure Where to Turn for Fast Access to Capital

Wednesday, January 5th, 2011

As reported, by the New York based Capital Access Network, entrepreneurs are facing a near crisis when it comes to obtaining financing to maintain or expand their business. In recent years, small businesses have been credited with jump-starting the economic recovery and improving unemployment. Unfortunately these same businesses are under-capitalized and as many as 90% run the risk of failure during the first five years.

The research highlighted that businesses have a low awareness of alternative funding options and and often benefit from these funding options. The survey asked small business owners to identify the funding methods they find appealing and sources of capital they had applied for in the past. The results stated that 90% found traditional bank loans to be appealing, yet only one in four actually applied, despite their need for capital. Of those surveyed 55% felt that loans from family and friends were not appealing and 45% did not want to “cash out” the equity in their home to finance their business. The survey found that most small business owners were only aware of traditional options; bank loans, SBA programs, and home equity options.

The survey pinpointed a lack of awareness of funding options available such as merchant cash advances, factoring, and purchase order funding. At least 73% of respondents were unaware they can sell receivables, including their future credit card sales, in exchange for access to immediate working capital. Most respondents were amazed to discover the application process was very simple and that funding can occur very quickly. An overwhelming 92% responded that they would find it appealing to have access to such financial products.

If you, or someone you know, could benefit from alternate financial products we would love to discuss some available options. Please contact us or email Kim@funding4you.com to discuss some options.

Tags: , , , , , ,
Posted in Cash flow, Factoring, New Business | No Comments »

Welcome to 2011

Tuesday, January 4th, 2011

How was 2010 for you? Though we are just getting into 2011 now is the best time to start anew: fresh slate.

January always brings excitement for the new year and anticipation of great things to come. With the start of every new year we often set goals and make plans. No doubt, you have made a few New Year’s Resolutions for yourself and your business.

I recently read that over half of New Year’s resolutions are forgotten before the end of January – which is very discouraging. The author of the article suggested that we should break our resolutions into smaller, more attainable monthly goals.

For example, if your goal is to add 24 new clients this year, he suggests setting a monthly goal of adding 2 new clients each month. The idea is that smaller, more manageable goals, will, hopefully, help us stay focused and, eventually, help us reach our long-term goal.

In closing, the author also shared a few tips to help you keep your resolutions:

* Write your goals down.
* Set attainable and measurable goals.
* Set a date for each goal.
* Celebrate your success!

If cash flow is a concern in attaining some of your goals then we may be able to help. Please feel free to contact us if we can help you with your goals.

May 2011 bring you health, happiness, and prosperity!

Tags: , , , ,
Posted in Cash flow, Factoring, New Business | No Comments »

What Is the Key to Small Business Success?

Wednesday, May 6th, 2009

The answer is simple. Every successful business needs working capital, commonly known as cash. The answer may be simple, but gaining access to working capital is often a challenge. Receivable funding, know as factoring, can be an excellent solution to the cash dilemma for many business owners.
Factoring is one of the most underutilized forms of commercial financing available. In fact, many business owners have never heard of factoring, which can instantly improve cash flow by simply exchanging receivables for cash. There is no upper limit or “cap” on the amount of funds you can receive. As your receivables grow, so do your available funds.

To help you better understand the role of a factoring company and how it can benefit your business, we have listed the Top 10 Reasons to Considering Factoring:
1. Your start up company has no credit history: Factoring can offer financing when you have creditworthy customers.
2. Your young company does not have 2 to 3 years of tax returns showing profitability: Use a factor to increase sales and start showing profit.
3. Your company is growing very fast, but the bank doesn’t feel comfortable extending your line of credit: A factor can work with the bank and supplement cash flow.
4. Your financing needs are for a short-term contract: Use a factor to bridge that gap.
5. You deal in large dollar transactions with high margins: Getting access to your capital will increase sales.
6. Your company experiences seasonal demands: Factoring provides capital to meet demand.
7. Accelerate customer payments by using a factor.
8. Payroll demands cause a “cash crunch”: Factoring can alleviate the problem.
9. Factoring is not a loan; therefore, no additional debt is created, resulting in strengthened financials.
10. Unfortunate events such as a bankruptcy, judgments, or tax liens will not disqualify you.

The Factoring Alliance LLC provides factoring services to small businesses and start-up companies. Please contact Kim Deveney at 888-493-3666 kim@thefactoringalliance.com for more information.

Tags: , , ,
Posted in Factoring | No Comments »

Newer Entries »