Category: Business Financing

How to Bridge the Accounts Receivable Gap

How to Bridge the Accounts Receivable Gap

Robert Herjavec of Shark Tank fame says that “cash is the lifeblood of your business.” If cash supplies the life flow to a business, then accounts receivable factoring can be a sort of paramedic that saves a business during times of “blood clot,” when there’s a cash flow crunch. Business owners can improve the financial health of their business by improving accounts receivable management.  Many businesses that sell to other businesses (B2B) offer credit terms. Trade credit, Net D, or… Read More
Bank of America Small Business Financing Products to Help Smooth Cash Flow

Bank of America Small Business Financing Products to Help Smooth Cash Flow

Bank of America® serves more than 3 million small business customers. They lent nearly $10.7 billion in new credit to small businesses in 2015, and came in at number 48 on the U.S. Small Business Administration’s list of 100 top preferred SBA lenders in FY 2016 for their most popular small business funding source, the 7(a) loan program. Bank of America offers a wide variety of lending products to established small business customers, including secured business loans, equipment financing, commercial… Read More
Introducing MatchFactor: A Radically Smarter Way to Get Business Financing

Introducing MatchFactor: A Radically Smarter Way to Get Business Financing

Everyone says they love the American Dream, but when it comes to financing your own business, the dream and reality don’t add up. The stats are dreadful • On average, it takes 26 hours to search and apply for business financing. • 22% of business owners have given up on applying because they’re discouraged. At Nav, we’re on a mission to materially reduce the small business death rate in America by making it easier to access money. That’s why we’re… Read More
What Is Factoring and Is it Right for My Business?

What Is Factoring and Is it Right for My Business?

When business owners are trying to get working capital to finance their business operations, the first choice is often a small business loan or line of credit. But if you can’t get approved for a loan, or don’t want to borrow money at the moment, there are also some alternative finance options to help your company get a quick influx of cash. One of the “non-loan” forms of small business finance is factoring, also known as accounts receivable financing. Factoring… Read More
Five Reasons Your Small Business Needs a Charge Card

Five Reasons Your Small Business Needs a Charge Card

Smart spending decisions can help make your small business successful. It's not just about what you buy, though, but also how you pay for those purchases. Not all payment methods are equal.  There are several good reasons to consider a business charge card for your business expenses. Here’s what you need to know about business charge cards.  What Is a Business Charge Card? A business charge card is a type of payment card that can be used wherever the specific… Read More
Accounts Receivable Factoring: How It Works and Why Business Owners Should Know About It

Accounts Receivable Factoring: How It Works and Why Business Owners Should Know About It

This article was reviewed and updated on June 22, 2020 Ted Turner, founder of TBS, TNN, CNN, and Cartoon Network, says that, "Life is a game, and money is how we keep score." For the nearly 30 million small businesses in the United States—money is certainly a very important metric for determining how successfully a business is operating. The numbers don't lie, as the income statement of a business shows if it is bringing in revenue, managing expenses properly, and… Read More