Business Financing
International Bath Textiles Case Study
The Company supplies fine linens (towels, sheets, etc.) to businesses all over the world. After years of success overseas from their Switzerland base, the Company wanted to expand domestically and incorporated in the U.S. They quickly landed a large contract with Carnival Cruise Lines in Miami. International law required them to finance the linen shipments [read more »]
Financing Growth Through Factoring Case Study
The Company had won a $2 million one year self-renewing contract from the U.S. government to provide security personnel. These personnel would require high end security clearance, which meant higher pay, putting pressure on the Company’s cash flow. The bank was not willing to provide funding. Without financing, the Company would have to pass on [read more »]
Small Business Loan Alternatives from Traditional Banks
BBC News discuss small business loan alternatives from traditional banks. From private equity to invoice factoring. Read the Full Story
Invoice Factoring Helps a Fast Growing Company
Find out how invoice factoring helped fix funding issues for a rapidly growing Ohio start-up business. Read the Full Story
Small Business Increasing Look to Factoring as a Financing Option
For small businesses invoice factoring can be a life saver. Just make sure to shop around for the most competitive rates. Read the Full Story
What is Factoring?
Michael Rossi of Paragon Financial Group talks about factoring and how it differs from a traditional bank loan.
Alternative to Bank Loans
Big banks claim they have loosened available credit for small and medium businesses, but reality can be much different. Small and medium business still struggle to get the credit they need through lengthy waiting periods, unreasonable requests for security to back loans and inflated interests rates. As a result, the short supply of traditional bank [read more »]
Cash-flow lending for small businesses difficult for 2011
Small- and medium-sized businesses will continue to have trouble getting loans in 2011, unless they are willing to pay the higher costs associated with asset-based lending. That was one of the points made Wednesday morning during the closing panel of the fourth annual, two-day Midwest conference of the Turnaround Management Association at the Greektown Casino-Hotel. [read more »]
Financing for Small Businesses 3rd Quarter 2010
Start-ups and small businesses have traditionally had difficulty raising capital through outside sources and, for new companies, the chances of getting a bank loan is close to zero. Most banks today won’t even consider lines of credit or loans for companies that have been in business less than 3-5 years. There is some hope considering [read more »]
Banks Keep Lending Standards Tight
The credit crunch isn’t over for small businesses and consumers. Most U.S. banks kept credit tight in the first three months of the year, and some tightened lending terms further, according to the Federal Reserve’s latest senior loan officer survey. Some categories showed improvement after years of lending cutbacks. Banks reported easing terms on commercial [read more »]