COVID-19 has thrown all small business owners into a panic. 75% of small business owners have 28 days or less of cash reserve. An indefinite shutdown of business is terrifying when that’s the case. I am a small business owner. I know the fear of losing your business, but I work in the financing industry, […]
Business Funding: Is the Cure Worse Than the Disease? Read More »
Assess how the business performed in 2019 Prepare an updated business plan for 2020 Involve your staff in setting goals for the year Prepare a simple financial forecast, to include estimated revenue Make sure you have enough money to do what you need to do Review 2019 Business Performance The first step in preparing your
Growing Your Business in 2020 | #TheMoneyFactor Read More »
Missing a repayment on an MCA may seem like the end of the world. Many cash advance companies structure their repayments to be daily or weekly. This will drain a small business’ cash flow and make it harder to make the repayments over time. What does a business owner do to compensate for the lack
What Happens if You Miss an MCA Repayment? Read More »
What is invoice finance? Why choose invoice finance? Who offers invoice finance? How do you set up invoice financing? What is Invoice Finance? Invoice financing, or invoice factoring, is a way to fund your business besides a bank loan. In essence, invoice financing gives immediate payment to your business for an open invoice. You submit
What Is Invoice Finance? Read More »
For many small business owners merchant cash advances or MCA loans pose a tempting offer of quick business financing. Unfortunately, an MCA comes at a high cost and often damages your cash flow through frequent withdrawals. When cash flow is the lifeblood of your business, it can be impossible to grow with daily or weekly
The Difference Between an MCA Loan and Invoice Factoring Read More »
Invoice factoring is a fast method of financing for small business owners. Not all fast business funding options are good options. Often they can be expensive, have poor repayment terms, or provide insufficient funding for your needs. Invoice factoring is unique in that it offers growth potential to your facility without any need to reapply.
How Invoice Factoring is Quick and Smart for Your Business: Read More »
When your business needs funding to support small business growth, you cannot afford to run into any problems with your business financing. Invoice factoring services should make your operations easier with receivables management and collections provided. When choosing a factoring company, keep in mind your small business financing needs. What are the invoice factoring problems
How to Avoid Problems When Invoice Factoring: Read More »
Small business financing presents a lot of options for business owners. When searching for funding for Amazon vendors, you can get overwhelmed. Eagle Business Credit offers financing for Amazon vendors, regardless of credit score or time in business. This helps you grow your business right off the bat rather than waiting to meet stricter approval
Funding for Amazon Vendors Read More »
Organize your financial standing Before you even begin the process of pursuing small business loans of any kind, you need to organize your finances. This means performing a thorough audit of every sale, contract, invoice, and expense that you have incurred. It’s also wise to get exact numbers on projected future business deals. If you
Three Tips for Growing Your Business and Producing Results with Capital Funding Read More »
A shocking 20% of small business in the U.S. fail in their first year while a further 50% of the survivors fail in their fifth. For 82% of these businesses that go belly up, cash flow issues are the main reason for their downfall. In the race for survival, small companies and startups often have to look for funding
Do You Really Need That Bank Business Loan to Grow Your Small Business? Read More »
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