For millions of people, small business is their life, and we mean that literally! Countless people rely on the success of their small business to put bread on the table, a roof over their heads, and to provide a useful service or product for other people. After pouring in all their blood, sweat and toil [...]
It’s been your dream to own a business for as long as you can remember. You worked hard to take it from idea to reality, and over the past few years, you’ve grown enough to bring on a few employees. Everything was great until you started to feel like you were in a little over [...]
Very few people in this world are lucky enough to be able to start a business without any outside financial help. Sure there are those young startup founders who sprang from the loins of independently wealthy parents, or serial entrepreneurs who are on their third or fourth business with plenty of proceeds from previous ventures [...]
Here at The Commercial Finance Group in Burbank it is our distinct pleasure to be a tool that small to medium-sized businesses can use to achieve their goals. While banks have long been the bastion of traditional loans for small business, the spectrum of companies with which they’re willing to work has become significantly smaller [...]
In a previous post, we explored the topic of account receivables financing in the healthcare industry. We pointed out that the healthcare industry, almost to the exclusion of any other, falls victim to the trap of accounts receivable because of the unique situation created by third party insurance companies as well as government healthcare programs. [...]
How efficient is your Los Angeles company? If you always fulfill orders on time, you might have the opinion that your company is quite efficient. How financially healthy is your Los Angeles company? If you’ve been turning a profit for an extended period of time, you might have the opinion that your company is quite [...]
No matter what sort of business you’re running--whether it’s large or small, public or private--accounts receivable are probably something that you have to deal with on a daily basis. The only exceptions are companies that require payment for goods and services immediately, such as grocery stores or retailers. And even then, there may be a [...]
As we’ve noted in previous blogs, off-balance sheet financing is a perfectly acceptable and ethical accounting practice that may be able to help your business limit its on-sheet debt and honor previously-existing loan covenants. Common off-balance sheet financing techniques include take-or-pay and/or through-put contracts, redeemable preferred shares, and account receivables financing. However, in 2016, rules [...]
Do you remember the Great Recession? That sharp downturn in economic activity that took place during the late 2000s, was a dark time for many of us, especially the small business owners or those who had plans to become entrepreneurs. Now, nearly a decade after the worst that the Great Recession could throw at us, it’s [...]
When you were first taking business management classes in college, or going through a first-time small business owner’s course at your local community center, you probably heard a lot of good advice about your balance sheet. Most people are taught that a company’s balance sheet should provide an accurate snapshot of its financial condition at [...]
