Charter Capital News Releases
- 10 Science-Backed Best Foods to Boost Your Business Smarts
Looking for brain foods to boost your business intelligence? While there are no proven foods that make you smarter, there are foods that help your brain… - 15 Tips for Combatting Labor Shortages and Increased Labor CostsRising labor costs and labor shortages in the U.S. are affecting many industries. Explore 15 tips for employee recruitment and reducing labor costs here.
- 5 Practical Reasons to Build a Small Business Emergency FundDon’t have a small business emergency fund or struggling to grow yours? Unfortunately, one in four small businesses has less than a 13-day cash reserve buffer…
Business Financing and Invoice Factoring News
- 10 Science-Backed Best Foods to Boost Your Business Smarts
- 15 Tips for Combatting Labor Shortages and Increased Labor Costs
- 5 Practical Reasons to Build a Small Business Emergency Fund
- Lease vs Buy a Car or Commercial Vehicle: Which is Right for You?
- Heavy Equipment Financing: A Beginner’s Guide to Getting Funding
- 8 Proven Tips for Building a Successful Staffing Agency
Small Business News
- 10 Science-Backed Best Foods to Boost Your Business Smarts
- 15 Tips for Combatting Labor Shortages and Increased Labor Costs
- 5 Practical Reasons to Build a Small Business Emergency Fund
- Lease vs Buy a Car or Commercial Vehicle: Which is Right for You?
- Heavy Equipment Financing: A Beginner’s Guide to Getting Funding
- 8 Proven Tips for Building a Successful Staffing Agency
Trucking and Freight News
Oilfield Services News
Credit, Economy and Business Finance News
- 15 Tips for Combatting Labor Shortages and Increased Labor Costs
- 5 Practical Reasons to Build a Small Business Emergency Fund
- Lease vs Buy a Car or Commercial Vehicle: Which is Right for You?
- Heavy Equipment Financing: A Beginner’s Guide to Getting Funding
- 8 Proven Tips for Building a Successful Staffing Agency
Articles of Interest
BUSINESS WEEK
A recent Business Week article has some excellent tips for small businesses about managing cash flow. One of the suggestions it makes: try invoice factoring. It features the following interesting case study about a small Florida business explaining how a factoring company kept them independent:
Broward Aviation Services of Pompano Beach, Fla., buys and sells commercial airplane parts. So it needs plenty of ready cash to buy before competitors do. That lets it get a better price, too. “If you have cash, the deals come to you,” says Timothy Pine, vice-president and partner in the nine-employee, $7.5 million company. When Pine co-founded the company in 1999, cash was tight and banks turned down his requests for credit. Broward sold its receivables to a factor, GE Capital, immediately receiving about 80% of their value and the rest as GE collected from Broward’s customers. Then Broward could forge ahead without taking on venture capital. Plus, says Pine, “The banks won’t lend to you until you’ve built up a cash record. Factoring allowed us to stay independent.”
THE WALL STREET JOURNAL
A recent Wall Street Journal article has some excellent tips for small businesses about managing cash flow through accounts receivable factoring:
Factoring isn’t for everybody. But for companies that need cash quickly – or don’t want to hassle with banks – it’s one way to go., writes Richard Gibson of The Wall Street Journal.
The article concedes that invoice factoring is a great way for some businesses to get started, because companies with little or no credit history can acquire cash. What most concerns factoring companies is the credit worthiness of the end customer, not the business or its owners.
