Inventory Loans
Inventory loans, sometimes referred to as “flooring”, uses current inventory on hand as collateral to secure funding. These loans often have better interest rates than other funding options because they are collateralized and provide the lending agency a more secure position. These types of loans are useful for distributors and retailers that need inventory on […]
Purchase Order (PO) Financing
Purchase Order Financing provides entrepreneurs a means of paying a supplier upfront when cash-reserves are not available to fulfill an order. This type of funding is useful for growing companies who may secure a sale but lack sufficient funds to purchase the necessary supplies to fill the order. In this case, a purchase order financing […]
Accounts Receivable Financing (Factoring)
Accounts Receivable Financing (also known as factoring) involves selling a company’s outstanding receivables to a third party factoring company for cash. With this type of financing, the third party owns the accounts receivable current asset and the right to collect on the invoices but also takes over the risk associated with customer non-payment. Unlike other […]
Dip into Personal Accounts
There are already accounts in your life that are accumulating money that could be used toward investment in your business. Although it is usually frowned upon to touch these accounts, the money in your 401k, IRA, Securities, SEP, and life insurance policies are still yours and can be taken out if needed. We recommend that […]
Overview on Existing Business Source of Funding
When traditional types of debt or equity financing aren’t available, businesses can sometimes look within their own operation to find sources of funding. Typically this type of funding is available for established businesses currently in operation and looking to expand, as opposed to start-up companies looking for funding to get up and running. A look […]
Investment Groups and Club
An investment club is a group of individual investors who pool their money together to make investments. Typically local, these groups meet regularly to share investing experiences, learn from one another, and make joint decisions in portfolio investing based off of majority vote. These clubs are great ways to meet other business owners, create friends, […]
Maintaining Traditional Customer Service Values Alongside Social Media
The rise of social media in the world of business, small or large, has changed client to customer relations forever. With platforms like twitter, facebook, linkedin, and tumblr, it is becoming increasingly harder to juggle and manage feedback to your customers due the viral nature of social media. The question becomes, what platform gets prioritized? […]
Work Part-Time and Offer Consulting
Work Part-Time Although time will be tight when starting a new business, money will be even tighter. It’s not an ideal situation due to the time and energy juggling, but sometimes picking up extra part time work can provide you with enough cash flow to keep you going. Entrepreneurs are admired for their constant drive […]
Using Sponsors and Advertising to Finance your Business
Sponsors and advertising are a good means of generating additional revenue for companies in need of cash. This option is particularly popular for internet companies with available space on their websites. The amount the sponsorship can be sold for is highly dependent on the market reach of your company – that is the number of […]
Partner Equity Investment and Direct Public Offering DPO
Using equity as collateral for funds and labor is a simple method to assist your financing efforts. Partner Equity Investment By having a partner invest and buy equity in your company, the responsibility of the business’ success is now a shared and joint effort. It is often a concern that bringing in a partner means […]
