Businesses
Categories: merchant cash advance, credit card processing, invoice factoring
Verified Business
Categories: merchant cash advance, business cash advance
Verified Business
Categories: merchant cash advance, account receivables factoring, business cash advance, business loans, loans
Verified Business
Categories: merchant cash advance, business cash advance
Verified Business
Categories: merchant cash advance, business cash advance, merchant account
Verified Business
Categories: legal services plans
Categories: financial consultants
You may have heard that there's no qualification process for accounts receivable funding services -- well you heard wrong. But the focus really isn't on you, it's on the invoices and customers you intend to sell to the factor.
While almost all businesses pre-pay quarterly installments on projected yearly taxes, sometimes a business owner can feel a bit blindsided by the IRS. Coming up with a lump sum of cash to handle any expense can cause a bit of concern, but when this is a quarterly responsibility to federal or state authorities, it can become more stressful.
Money's too tight to mention. Or maybe you need money for nothing, because your product or service is still only available on the back of a coaster from the local bar. Fact is, if your business needs to get some extra money, there's a limited number of ways to do that -- here are ten of them.
Education is a powerful marketing technique. Educate your prospective buyer about everything including a few of the bad or less positive aspects of your product or service), and you’ll sell to almost twice as many people as you do now.
A merchant cash advance is the sale of future credit card sales or other receivables. Companies with predictable cash flow from sales can use this practice to smooth out cash flow.
Company.com "Made for Business" video.
How should you manage your cash properly? First, you better know how much you've got, where it is, and where it's coming from. If the information is in your accountants head, that's a start. If you need to improve your cash flow, you might look at accounts receivables funding or the judicious use of credit. Read our primer on understanding cash flow.
Account receivables factoring companies provide funding or payments due to you from your customers. You sell the debt to a factoring organization at a discount, the factoring company gives you cash and collects the full debt from the client when it's due. You get paid, your customer gets time.
If the bank won't lend you capital, how do you finance your business? We're assuming you don't have a rich Uncle Tony and don't have a winning lottery ticket in your pocket. Your choices after that are institutional lenders, private lenders, account receivables funding, or selling a part of your business. Finding capital can be tough, but here's how to find a few, and how to be professionally prepared to answer the tough questions a lender might ask.
Aaron Patzer, CEO of Mint.com, discusses startup accounting and the financial history of Mint.com, which recently bought by Intuit for $170 million. Slides and video of Patzer's presentation are included.
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