Factoring often gets a reputation for being an expensive method of business finance. Bank loans are typically the least expensive option for business funding, if you have the right credit and financial statements. Online lenders and merchant cash advances report high approval rates but similarly high interest rates. According to the 2017 Small Business Credit […]
What is the Cost of Invoice Factoring? Read More »
The Federal Open Market Committee has raised the federal funds rate three times throughout this year so far, with possibly another one to come in December, and expects to increase rates at least three times more next year. Why is the Fed Funds Rate Increasing? The reason for the increases is due to a strengthening
What Does an Increase in the Federal Funds Rate Mean to Small Businesses? Read More »
Small businesses, which are defined as organizations with fewer than 500 employees, account for 99.7% of all business in the United States. Companies with less than 20 employees account for a staggering 90%. For the majority of these smaller companies, it can be difficult to succeed early on. There are all kinds of reasons for
How Invoice Factoring Can Lead to Small Business Success Read More »
Business owners encounter their share of challenges on the way to success and profitability. The excitement of the grand opening gives way to the reality of day-to-day operation and the expenditures that accompany it.
What Is a Working Capital Line of Credit? Read More »
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