When considering using a factoring service it may seem like a formidable task but doesn’t have to be complicated. We usually find there are three things to consider when selecting one for your business: What type of factoring does your business need? How much of your outstanding invoices do you need funded and when do

We know that there are many ways for a small business owner to get the financing they need to start or grow their company. In this article, we focus on lending sources like small banks, large banks, credit unions, and online lenders and show how business owners rate these different funding sources. We explore the

If you’re out driving and approach a river, lake, or small ravine, you can’t imagine how you’d make it across without a solid bridge. In the real estate world, sometimes that gap is the money you need to make a real estate purchase. Perhaps a property is available but you just don’t have a source

Most people don’t keep their money under a mattress. While it is a good idea to keep some cash on hand for emergencies or just regular use, any money you keep out of circulation won’t receive any interest and can’t work for you as easily as it can if your money is in a financial

Even while new forms of finance are on the rise, small business still struggles to find capital necessary to fund growth. Studies show that small business access to traditional bank loans is slowly rising, small businesses still lag behind middle market companies and this wrinkle pushes them to rely on alternative sources. Here are a

A study by the Harvard Business School reveals some intriguing insights into the makeup of small business in America. The study concludes that that the U.S. economy has made significant progress in recovering from a financial crisis of unusual depth and duration. But, as America passed the five‐year mark on its journey to recovery from

The only problem bigger than needing money for your business is when you need it quickly. Visions of bank meetings, paperwork and those endless hours ticking by waiting for approval can be a nightmare. Fortunately, you can wake up from bad funding dreams by turning to a form of financing that is growing in popularity.

You might have discovered that closing deals is harder than it looks. In researching this fundamental business tactic, I found several common threads and ways to close a deal that I will explore here. One thing I found was that quite surprisingly, it seems many sellers are simply afraid to ask a potential customer for

All too often small business owners get bogged down in the minutiae of each little problem or challenge and lose focus of the big picture. Chances are you may not even be able to step back and see where you’re heading. Unfortunately failing to do this will not only cause harm to the business but

So you’ve put in the time and built an awesome company that is popular, profitable and now saleable. Many entrepreneurs in the later stages of business growth find themselves at this crossroad. You may find that you want to sell the business, take the company public by doing an IPO, or sell a majority share