When it comes to invoice factoring, there are a few routes to take that all lead to the same destination: a cash flow solution. Here at The Commercial Finance Group, we are proud to be a checkpoint on your way to bankability. When businesses cannot secure traditional bank loans for one reason or another, or [...]
It’s 2019 and many businesses are saying “good riddance” to the previous year. It was a tough year for many of us, but thankfully 2019 is giving us all a chance to start fresh. The Commercial Finance Group has spent the last year (well, the last 40+ years) helping small and medium-sized businesses secure working [...]
When businesses are experiencing cash flow problems due to late-paying clients, low seasonal sales, fast-paced growth, or some other factor, it can be difficult to do anything beyond simply making ends meet. This is especially troublesome for new businesses that do not have a large amount of equity to draw upon during tough times. Thankfully, [...]
We have three words that can instill fear into any business owner: slow-paying clients. Slow-paying clients or, worse, no-pay clients can wreak havoc on your business’s finances. Small businesses are especially susceptible to doom due to slow-paying clients as they often rely on receiving invoices to afford payroll and overhead costs. If this sounds familiar, [...]
Here at the Commercial Finance Group, we regularly interact with business owners looking for financing solutions for their business. In the past, we have written blogs offering business owners advice on how to avoid certain issues, including how to avoid mistakes with invoice factoring. While invoice factoring is a common funding endeavor for small businesses, [...]
Cash flow is important for any business regardless of size. Small businesses, though, especially rely on consistent positive cash flow to keep up with operational costs and remain profitable. Negative cash flow is one of the main reasons small businesses fail. Not only can it make meeting monthly operational costs impossible, but it can also [...]
Here at the Commercial Finance Group, when we work with a business to implement a new funding solution, such as factoring receivables, we begin by getting to know the business, the story behind it, and the business’ goals. Understanding the story behind a business is important for numerous reasons. The story that has fueled the [...]
Keeping morale in your company high is critical to operating a successful small business. Whether you are operating a healthcare facility or a boutique shop, the energy of your employees will dictate a lot about how well your business runs. When your team is not motivated and excited about their day-to-day tasks, it can take [...]
When money is tight at your company, it can be hard to know how to reward your staff without pushing the boundaries of what your business’ pocketbook can handle. The good news is that there are plenty of affordable perks you can offer while your company is in the growth process or struggling with cash [...]
Odds are good that if you are running a small business or startup you have a solid list of key performance indicators (KPIs) that you track on a frequent basis. These KPIs are usually geared toward monitoring the health of your company, the projection of your future profits, and the performance of your team as [...]
