One of the most frustrating and challenging experiences for any small business owner is dealing with customers not paying on time. Outstanding invoices present serious trouble for your cash flow. In turn, that may mean difficulty paying your expenses and missed opportunities...
If you run a business that invoices customers with payment terms such as 30, 60 or 90 days, managing your cash flow and staying organized can be difficult. Accounts receivable financing, also called factoring, can be a useful way to keep your...
Starting your own company is not easy task, especially for minority-owned businesses. This is because you will have all the challenges inherent in making a business plan and securing funding, locations and equipment, as well as institutional biases which can make the...
If you look back just a couple decades, you'll see a far different role for the CFO in most companies than you're used to, a far more limited one. Traditionally, this role was to ensure statutory compliance while seeing to the accuracy...
Franchise business models can be an exciting way to make money whether you are creating the brand or buying in to a successfully established franchise chain. While there are a lot of exciting articles out there with great tips for entrepreneurs beginning...
Jumpstart your manufacturing business with a line of credit today. Whether you’re entering a slow season or ramping up for the holidays, your manufacturing facility can always use additional working capital. Learn how to utilize lines of credit effectively to improve your...
Does your business have a budget? If you struggle to stay on track with your personal budget, it’s even more important to keep tight control of your business spending. However, if budgeting is something you’re confident within your personal...
Equipment is important for every business to operate. Perhaps you have a construction company and need trucks and backhoes. Alternatively, you may run a technology firm and need computers and desks. Whatever your needs, it can be helpful to secure equipment financing...
If you've ever used accounts receivable financing to smooth over cash flow or raise working capital, you know how convenient it can be. What you might not realize is that you have more options for factoring than just financing all your invoices....
Growing your small business takes time and money. Take advantage of lines of credit to make the most out of your upcoming opportunities. Banks offer small businesses credit lines in a variety of ways. Since nearly a quarter of...