What is a Letter of Credit? A Letter of Credit is a type of bank letter. It is also called a Credit Letter. By issuing a Letter of Credit, a bank executes a confirmation regarding a financial transaction. Let’s say, a buyer has made...
Business
29 July Using Invoice Factoring for Bridge Financing
The banks are always looking for lucrative businesses and want to establish a relationship but they are unable to provide credit as either the company may not have the necessary time in business or because the financial statements don’t...
29 July Grow Your Import or Distribution Business With PO Financing
As Importers and Distributors, your company can have major growth pains if you are receiving orders at a greater rate than your available working capital and your suppliers demand proof of funds before shipping or even manufacturing...
29 July How Commercial Cleaning Services Can Benefit from Invoice Factoring?
We understand the cash flow pressures of janitorial and commercial cleaning companies. Workman’s comp issues, payroll cash flow issues and more. Factoring companies can advance up to 90% of your invoice amount. Why wait 30-90 days for...
29 July Buying a Business can be easy
You don’t necessarily need to start a business from scratch as it comes with its peculiar hurdles. You can opt for buying an existing business as it has lower risks and what’s more, you take over a business that already generates cash...
29 July Commercial Real Estate Loans
Commercial real estate (CRE) is an income-generating real estate that is employed for business purposes. Examples are office buildings, retail stores, warehouses, self-storage buildings, land developments, medical facilities, industrial...
29 July Financing Options for Truck Purchases
First of all, it's imperative to understand that acquiring commercial and semi-truck financing is not the same as obtaining a loan for a personal vehicle. They differ in the cost price, and where to locate the funding you'd need....
29 July Equipment Financing for Restaurants
Restaurants need good sets of equipment to have a smooth operation each day. Sometimes the challenges of running a restaurant might demand so much capital. Such demand might be to upgrade present equipment or buy new ones. Whatever the...
29 July How Staffing Agencies Can Benefit from Payroll Financing?
Operating a staffing agency means you understand the need for consistent cash flow. A steady income for your employees is one of the ways to ensure their long-term commitment to your agency. Failure to sustain a stable payment pattern...