Tag Archives: small business

Factoring is New Business Strategy for Funding in 2013

Factoring is an alternative to traditional bank lending for cash strapped small businesses looking to grow in 2013. The United States is finally gaining some power in the labor market, which is helping to fuel small businesses and innovation. But there are still many risks from economic uncertaintiesand and why small to medium-sized enterprises (SMEs) companies think small business factoring should be a consideration. Continue reading

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Factoring News – August 2012

Invoice Factoring Can Rescue U.S. Macroeconomic Conditions More than halfway through the year 2012 it is no secret that the U.S. economy slowed down drastically during the first half of 2012. The annual growth rate being at just 1.75 percent. What is sad for small to medium-sized businesses (SMEs) is that the economy is expected to continue to be weak during the last two quarters of 2012. Many of these SMEs have opted to survice via an age old strategy known as invoice factoring. –more– … Continue reading

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Interface Financial Group Recommends Accounts Receivable Factoring for SMEs That Are Not Getting Funded

BETHESDA, MD–(Marketwire – Aug 16, 2012) – According to The Interface Financial Group (IFG), North America’s largest alternative funding source for small to medium-sized enterprises, a study by the Small Business Administration (SBA) reported that U.S. small business loans ($1 million or less) declined 5 percent last year. The dollar amount of small business loans declined 7 percent. In addition, more than 170,000 small businesses in the U.S. shut down between 2008 and 2010. The report also showed that many of the small businesses could not receive the funding required to start up. (Source: U.S. Census Bureau data.) Continue reading

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The JOBS Act, Small Business and Commercial Factoring

Commercial factoring is a practice wherein a business sells its accounts receivable invoices to a third party at a discount in exchange for immediate cash. It is a method used by businesses to cover financial needs during periods when cash on hand isn’t enough to meet your needs. It’s not the business’ credit that’s up for inspection but rather the debtor’s (i.e., the party named on the invoice) and there’s nothing to repay – commercial factoring isn’t a bank loan. Loans are based on your assets and the ability to pay it back. But when you factor, the funds available are based on your credit-worthy customers and are virtually unlimited. The more invoices you have, the higher your credit line is. Continue reading

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Factoring News – December 2011

Bookeeping 2012: Things all SMEs Need to Know Bookkeeping systems are the backbone of any small business, so it is important to set the groundwork by having a solid accounting system in place in 2012. If you are a small to medium-sized business (SME) entrepreneur, then bookkeeping probably isn’t your strength. However it is a necessary component of running a successful business. This means you will need to learn some basic tips for the financial aspects of running your business – from accounting software to … Continue reading

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2012 Bookeeping Strategies Include Factoring

A bookkeeping system is are the backbone of a small business, so set the groundwork by having an accounting system in place in 2012. If you are a small to medium-sized business (SME) entrepreneur, then bookkeeping probably isn’t your strength. But, it is a necessary component of running a successful business. This means you will need to learn some basic tips for the financial aspects of running your business – from accounting software to factoring. Your bookeeping system will help keep you out of trouble with the IRS.
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Factoring News – November

Factoring News – November Canadians on How to Avoid Small Business Debt It is a hot topic these days, with a slow to recover economy … avoiding small business debt. The days of borrowing from banks and/or private lenders appear to be numbered. Why? In part because these arrangements come with interests rates and predetermined periods of time within which the borrower must repay their creditor. If the borrower is later unable to repay the lender, credit scores suffer, access to future loans diminish and … Continue reading

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Factoring News – October

Factoring News – October How Factoring Enables a Growing Global Economy Thanks to the Internet we now have a more robust global economy, and there are many businesses now seeking global opportunities. Global Internet business trends in technology indicate that many businesses are now looking into how they can expand globally. The United States ranks third overall in entrepreneurship compared to other countries, according to the Office of Advocacy in a report entitled Global Entrepreneurship and the United States by Zoltan J. Acs and Laszlo Szerb. –more- … Continue reading

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How the Credit Crisis Affects Borrowing for Small Businesses

Small business owners with unproven ventures, bad credit, or even businesses that are tied to a troubled industry such as housing have had a hard time getting credit. These days, most banks are even shy about lending to a healthy business. The bottom line is that the business lending climate is still not positive.On the other hand it is a good reason for small businesses to know and understand the principals of factoring. Continue reading

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Factoring News – August

Small businesses requires the ability to change rapidly according to market needs, but often, dynamic changes must be made without any hesitation. Basically, the business that can change the most quickly is the funds that the company may not have. A small business must be able to quickly fund these types of sudden expenses. Continue reading

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