In the summer of 2008, my wife and I packed up the two kids, the dog, and two cats in the RV to move across country from California to Georgia. We were no strangers to moves. We moved across continents and country just years before, but this trip was different. You may expect that this […]
The Alien Invasion of Your Small Business Read More »
When you run your own business, it’s crucial to keep the future in mind. You will need tools like cash flow forecasts and financial statements in order to monitor the financial health of your business. There are third party services you can use like an accounting software or a company that provides reports and forecasts
How to Find a Long-Term Business Financing Strategy Read More »
Invoicing is a subject that every business knows about or should know about. In this episode of #TheMoneyFactor I discuss invoicing basics from creating to sending to following up. My guest on this episode is my Head of Operations at Eagle, Angela Reece. As an invoicing factoring company, we are invoice experts. We see these
Everything You Need to Know About Small Business Invoicing Read More »
You may remember the covenants you signed up for along with your bank loan or line of credit. They are the guidelines or what you do or don’t do in order to maintain good status on your loan, and they are created based on the financials you submit to the lender for underwriting. These covenants
What Happens if You Breach Your Banking Covenants? Read More »
Whether you have closed your business temporarily during the COVID-19 shutdown or whether you have still been operating at a reduced capacity, you have to plan to restart your business after COVID-19. Financing and managing your receivables will be key components of your plan to resume business. You also have to consider your employees, customers,
Planning to Restart Your Business After COVID-19 Read More »
Right now many business owners are looking for extra money for their business. Whether it be long or short term, there are many financing options that provide different benefits depending on the size and nature of your operations. Here is how to finance your business during COVID-19 right now. Paycheck Protection Program An article on
Financing Your Small Business During COVID-19 Read More »
Longer term pictures of cash flow can be important when wooing investors or bank underwriters, but the COVID-19 disruption in business can make this statement inaccurate when it comes to staying afloat short term. This is where a 90 day cash flow forecast can help you evaluate the financial shape of your business and whether
Forecasting Your 90 Day Cash Flow Read More »
There are a couple of SBA programs that are offered to small businesses to weather the COVID-19 slowdown. The Paycheck Protection Program and the Economic Injury Disaster Loans are great resources that small business owners can apply to for inexpensive business financing to keep their business healthy during this time. The negatives of these programs
How to Improve Cash Flow While Waiting for an SBA Loan Approval Read More »
Small businesses are struggling right now. There is no other way around it. 75% of small businesses have 28 days or less of cash reserve, so an indefinite suspension of full operation is going to be a blow. All of that being said, there are some simple steps you can take to minimize the impact
60 Day Plan to Protect Your Small Business Read More »
There is a lot of discussion about online lenders and the inevitable upcoming recession. While many online lenders are willing to take risks in lending to businesses currently, these risks will be far and few between as a recession sets in. The 2008 recession saw bank lending decrease. The amount of financing dropped as well
Online Lending During a Recession Read More »
615 Molly Lane, Suite 130
Woodstock, GA 30189
Toll Free – 855-420-8318
info@eaglebusinesscredit.com
Bob Wellenstein
Direct line: (414) 449-5645
bwellenstein@eaglebusinesscredit.com
Mike Pedersen
Direct line: (646) 437-0317
mpedersen@eaglebusinesscredit.com