In order to ensure that you get the most out of factoring, you should enlist the help of a senior financial member on your team. This person should be constantly monitoring and tracking the usage of the factoring facility and working capital. Often, a company does not successfully utilize factoring finances because they are not [...]
Sometimes, you may look at a business or product out there and just think to yourself, “How is this a real...thing? Was this the result of a rich person with a lot of time on their hands?” With products like edible dress shoes made of chocolate and “potato parcels” (yes, handwritten messages on actual potatoes), [...]
With 2018 drawing to a close, it is time to start thinking about the year that is ahead. Hopefully, 2018 was a year of progress for your business and a year that helped you grow towards an even better future. Perhaps 2018 also held a few setbacks and difficulties for your company. No matter what [...]
Without a team behind your entrepreneurial venture, your small business will never truly be successful. Sure, there are many solo enterprise businesses and self-employed individuals who do quite well, but if you’ve launched a product or service and you want to grow, then you’re going to need some help. What’s the best way to ensure [...]
Without marketing your company, you’re not going to receive as much business, and in turn, you won’t be making as many sales to support your revenue stream. That’s just Business 101 right there; we don’t need to remind you how the concept of marketing works (though we just did). Why You Should Incorporate Halloween Into [...]
While invoice factoring can be an outstanding funding solution for small businesses and startups who need to improve their business cash flow, it can also come with a myriad of pitfalls if you do not handle the funding properly. Here at the Commercial Finance Group, we are passionate about ensuring our clients have access to [...]
Think of the word “credit” as something similar to “credibility” — the two words do share most of the same letters, after all. Whether personal, business, or otherwise, your credit and subsequent credit score determine your financial viability and risk factor for companies to lend you something. Typically, what’s being lended comes in the form [...]
If you are looking for a unique lending solution and you have decided that asset-based lending might be the right fit for you, then it is time to start seeking out the company you will partner with on this endeavor. While asset-based lending comes with an array of benefits, it will only work well for [...]
When there are more todos on your list than there are hours in the day, it’s probably tempting — or even necessary at times — to try and bite off as much as you can possibly digest, let alone chew. Of course, it’s extremely common for small business owners both brand new and well established [...]
Entrepreneurship is not easy. If you’ve spent just about any time turning what was once an idea into a profitable product or service — and endured the painstaking hours and toil necessary to successfully launch your business — you’ll know what we’re talking about. Since you’re here on our blog and you’re familiar with the [...]
