Accurate Financials Required
Most in the industry know that factoring companies tend to have more business during downturns. And now that the economy is in a credit crunch, small business owners are flocking to invoice factoring...
View ArticleLack of Capital
Over 70% of small business that close state that there was a lack of capital. Many individuals start new businesses to get away from the corporate world, layoffs, good ideas and other reasons....
View ArticleWaiting for the Bank? Don’t Hold Your Breath
With all of the talk of banks lending more, it does not seem to apply to small businesses. A recent report provided information that indicates that lending to small businesses in 2012 was only...
View ArticleNeed a Small Business Loan?
Are you looking for a loan for your small business? Be prepared! Too many small business owners go to the bank to request a loan but are woefully unprepared when meeting with the banker. Not too many...
View ArticleThe Factoring Transaction
There are 3 parts to the typical invoice factoring transaction. First is the “advance,” which is determined as the percentage of total invoiced dollar amount. The advance gets paid as soon as the...
View ArticleDue Diligence for Funding
The Interface Financial Group provides working capital to small businesses that are growing and in need of capital to support the growth. In most instances, these companies are unable to obtain...
View ArticleTime for a Checkup
One quarter into the new year its time for a Small Business Checkup. This is a good time to verify that your business is on target and is meeting the objectives set out in the business plan. There is...
View ArticleChecking Your Customers
Not getting paid by a customer? Many small businesses jump when a prospective new customer shows up and are mainly interested in the amount of the order not the quality of the customer. This can be...
View ArticleSmall Business Accounting
The Wall Street Journal reported the following in 2011 and nothing has changed, “The Internal Revenue Service, moving aggressively to collect more taxes from small businesses, is telling companies...
View ArticleCash Flow Shortfall
Most small to medium size companies will at one time or another suffer from a shortfall in cash. To remedy the short term problem, a company can draw on a line of credit if available, obtain a short...
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