Most entrepreneurs don’t think about small business lending solutions until they run into cash flow problems. When this occurs, they immediately think of applying with banks and credit unions for traditional commercial loans to help them get through this time of financial leanness. What they don’t realize, however, is that these institutions aren’t in any [...]
It’s a scenario that plays out all too often when you’re involved with B2B commerce: Your client begs for more time to pay on their invoice, and because you’ve worked together for a long time or just don’t want to lose their business in the future, you agree to extend the due date. The problem [...]
Companies seeking to increase their working capital have more financing options than ever before. In addition to traditional commercial loans from traditional lending institutions, a small to medium-sized business may also choose to take advantage of asset-based loans, factoring, supply chain financing, angel investors, crowdfunding platforms, and merchant cash advance companies. Each one of these [...]
Dealing with accounts receivable is an oft-unpleasant but necessary part of doing business, especially in the world of B2B commerce. Companies with accounting departments must have a paper trail of all expenses, so rather than paying cash at the time a service is rendered or product purchased, they’re provided with an invoice from the vendor. [...]
Starting a business today has a lower barrier to entry than ever before. There was a time when you had to come up with the capital for a building lease, inventory, and employees before you could even hope to make a dollar. Today, the internet has changed everything. In addition to (and in some cases, [...]
New entrepreneurs are terrified of failure. After all, they just survived a year and a half of business planning time, during which everyone they know was more than happy to cite the famous doom and gloom statistics: 50 percent of all small businesses never make it past their five year anniversary. As soon as the [...]
If your rapidly expanding small business is burning through its cash flow faster than clients pay, then it might be time to look into asset-based lending. As our small business lending firm has explained in the past, asset-based loans from The Commercial Finance Group provide numerous advantages over traditional bank loans. Finding the right business [...]
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 [...]
