Funding Your Business The boot-strap method of financing your business—tapping into your savings, retirement, or refinancing your mortgage for all the available capital possible—can be enough to get your business off the ground, but then what? Growing businesses require more funding, and when 82% of failed businesses cite cash flow problems as a cause, it …
Do I Send My Client to Collections? The collections process for small businesses is a major resource drainer. It takes time, effort, and consistency to get paid on-time. When clients are waiting longer than a few days to pay open invoices, it will hurt your company’s cash flow and growth. Delinquency averages around 7 to …
When your business forgets or cannot afford to pay taxes to the IRS, they can file a lien against your company. What is a tax lien? It’s a government claim on your assets over other creditors. Failing to file on time and failure to pay your taxes in full results in a lien. The IRS …
Funding Through an IRS Tax Lien Against Your Business Read More »
In 2004, I took a camping trip with the family. We packed our supplies and headed to Lake Casitas. I had the brilliant idea of fishing with my 8-year-old son and catching a fish to cook for our dinner. I stood shoulder to shoulder with my son, casting with the standard fishing rod I had …
The Paycheck Protection Program is aimed at keeping small businesses and nonprofits afloat during harsh economic times caused by COVID-19. The main selling point of this program is that the loan is up to 100% forgivable. The downsides, however, is that many business owners will have to repay the loan. These loan repayments can come …
Invoice factoring and the amount available for funding relies on your company’s sales rather than the time you have been in business, personal credit score, or business credit score. Only 46% of businesses received the full amount of financing sought according to the 2017 Small Business Credit Survey. 44% to 90% of small businesses reported …
Due to the disruption of small, medium, and large sized businesses in the wake of the COVID-19 response, the Small Business Administration is offering Economic Injury Disaster Loans. These loans are working capital injections that aim to help business owners pay debts, meet payroll, accounts payable, and any other overhead that is disrupted due to …
If your inbox is anything like ours, you are probably receiving updates from any business partner you have ever worked with. These updates are saying things like “we are still open during this crisis” or “we hope you stay healthy” or “please reach out if there is anything we can do for you at this …
What the heck happened over the last few weeks? One day everyone is talking about a theoretical impending recession, and the next, millions of people are losing their jobs. It’s hard not to have the REM song, “It’s the end of the world as you know it” playing over and over in your head right …
Three Tips to Protecting Your Business During COVID-19 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 …
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