Sometimes invoice financing from a factoring company may not be available for a business owner. Companies without revenues and invoices, or maybe just trying to get formed will need access to other forms of capital. One very good option is the local community bank. Local banks are tasked to help small businesses. If the amount [...]
Archive for September, 2009
Here at Creative Capital Associates we are heavy proponents of using social media to advance awareness for using invoice factoring for working capital. Factoring companies need to rise to the stimulus challenge and assist small businesses with badly needed capital during this economic downturn. Recently we sat down with Renee Lemley at Gray Matter Marketing [...]
In this economy, how can receivables factoring help growing companies? Invoice factoring, also known as accounts receivable factoring, is an increasingly popular financial tool that allows companies to collateralize the assets of their outstanding invoices. Whenever a business extends terms to a customer they essentially offer them credit. Factoring companies enables the business to convert [...]
Kathleen Orlando, is a CPA who has posted a valuable blog update regarding the importance of a good working capital strategy. “Small business is built on personal relationships with our customers and the competition is fierce for almost any product or service. These tough economic times have been particularly hard for many small businesses and [...]
There is a problem some business owners have about getting capital for an upcoming contract. It comes from assuming that a purchase order or contract award for a product or service will allow the company to get cash in order to perform on the contract. This is not invoice factoring. Accounts receivable factoring relies on [...]
Labor Day 2009 Creative Capital Associates, Inc.