On this episode of #TheMoneyFactor, CEO Ian Varley and digital marketing specialist Kelly Elson discuss small business entrepreneurship during recessionary times. How can you grow or start a business right now? Why Start a Business or Grow a Small Business Right Now? So, Kelly, you see a lot of trends, some of the stuff that […]
How Can You Start or Grow a Business Right Now? Read More »
So, why is factoring particularly a good fit for janitorial companies? There are a number of reasons. The janitorial company is going to have that classic cash flow gap. What do I mean by that? Well, you have to buy supplies, cleaning supplies, not only that but you’ll have a team of staff that you
Why Is Factoring Perfect for Janitorial Companies? Read More »
When it comes to government funding programs to protect your small business, the most popular has been the Paycheck Protection Program. There are other options that received less attention, but they could be the solution to getting your business through the ups and downs of this year. This article will spell out the challenges of
Small Business Stimulus Funding Read More »
Many folks have their hopes resting in a vaccine in order for life to return to normal. Unfortunately, the situation is a bit more complicated than that. Even with a vaccine, small businesses have been closing left and right. Many small business owners don’t know how much time they have left in business. Why? Revenue
Is There a Small Business Vaccine? Read More »
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
What to Do if You Cannot Repay a PPP Loan? Read More »
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 »
It’s not much of a surprise that as businesses reopen nationally, some trucking sectors are showing signs of improvement as well. Restaurants and hospitality industries were hit the hardest by COVID-19, but as they reopen, freight sectors are seeing more volume as well. Produce hauling has remained solid, and the panic shopping at grocery stores
What Is the Current State of Trucking? Read More »
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
Business Credit and How to Get Funding 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 »
Congress is on the brink of approving the next round of small business stimulus funding in the form of the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan program (EIDL). The first round worth $349 billion ran out in less than two weeks. This round of $310 billion in funding, is expected to run
Will You Receive the Next Round of Stimulus Funding? Read More »
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