Purchase Order Funding Let's You Play In The Big Leagues
A lot of people think of Purchase Order Funding as a complex and invasive funding process. While I never saw it that way, I guess I understand some of the hesitations of those who may not fully get it. After speaking with a few entrepreneurs today and hearing their initial thoughts on the process, I decided to put together this simple FAQ to help explain a little more about the product. What Is Purchase Order Funding? Purchase Order Funding is a great tool for businesses to u
I Don't Have the Cash to Run My Business: Invoice Factoring to the Rescue
Every day, businesses are turned down by the once trusted bank system that used to feed our young, growing companies. It seems that a business has to have a perfect scorecard to get the golden bank loan that was once in every business’s toolbox. Today, a business must have an A+ balance sheet and income statement. And if you’ve only been in business for a year, then forget that bank loan. What does a business do nowadays to fund the growth and expansion of a cash-hungry busin
Invoice Factoring Basics
Everything you need to know about the basics of the factoring business A factoring company buys your invoices in exchange for a certain amount of money. This allows you to continue running your business. If you have to wait for your creditors to pay you, it could be 30, 60 or even 90 days before you see any cash. With invoice factoring--also called accounts receivable factoring--you get a percentage of the money immediately and the balance, minus a fee, when the customer pays
Penny Pinching: Easy Ways to Reduce Costs as a Small Business
You don't have a huge bankroll as a small business. You are likely operating on a shoestring budget while you try to grow your customer base and your profits. You simply can't afford to make any mistakes in your budgeting as you can easily find yourself in the red. Fortunately, you don't have to have a huge, venture capital fund to be successful. All you need is some business savvy and the ability to make some smart financial decisions to make your business a success. Here ar
The difference between purchase order financing and invoice factoring
Both purchase order (PO) financing and invoice factoring are designed to help businesses that have sales outpacing their incoming revenues. But they manage cash flow in two different ways. If you are a small business in need of financing to stabilize your cash flow, it's important to identify when to use invoice factoring and when to use purchase order financing. See Also The pros and cons of personal vs. business credit cards Affordable options for adding forms to your websi
Tax Break Helps Small Business, Startups Raise Money
Attention startups and existing small businesses looking to raise money by selling stock. This is huge! You may soon find it easier to attract investors thanks to a largely-overlooked provision in the economic stimulus law that lowers capital gain taxes for individuals who invest in "qualified small business" (QSB) stock. But suddenly it looks like that tax break could grow from merely good to downright golden under an Obama proposal just issued. Obama aims to completely el
