You may have heard of purchase order financing (PO), but you could be unclear as to what exactly it is and how it can help small businesses grow. However, if you are a small to medium sized business where you receive purchase orders from your customers, then you need to know what PO financing is, [...]
Updated June 26th, 2019 There are a variety of variables that lenders look at when determining credit worthiness for small business lending. Typically, they can be classified into the 5 C’s of credit: character, capacity, capital, collateral, and conditions. In this blog post by The Commercial Finance Group, the best factoring company, we’ll examine these [...]
Being not bankable is not the end of the world. There are still plenty of opportunities to gain access to working capital when you need it. In this continuing series of what to do if your small business or start-up is not bankable, The Commercial Finance Group, a long standing working capital financing company, will [...]
Being non- bankable is not like wearing a scarlet A (although it can feel like it at times). Being non- bankable just means you have to be more creative in your small business financing than other companies. And the beauty of this is you’ll discover other options that might even suit your business better [...]
A new type of lending has emerged in recent years that has the potential to wipe out unsuspecting businesses that aren’t aware of how it works. Known as merchant cash advances (or MCAs), these loans feature usurious interest rates in the triple-digits annually. They also allow lenders to deduct loan repayments directly from borrowers’ accounts [...]
Last month on our asset-based lending blog, The Commercial Finance Group offered up six important questions entrepreneurs can ask themselves before starting a business. These questions covered topics concerning why you want to start a business, if you are ready to put in the time, who your mentor will be, who your team will be, [...]
Without a team behind your entrepreneurial venture, your small business will never truly be successful. Sure, there are many solo enterprise businesses and self-employed individuals who do quite well, but if you’ve launched a product or service and you want to grow, then you’re going to need some help. What’s the best way to ensure [...]
The wintertime isn’t all that bad. Now, it’s true that this is (literally) the darkest time of year marked by heavy snowfall and consistently chilly temperatures drawing us to the warmth and comfort of indoors. Fortunately, we have the holiday season to keep our spirits jolly and joyous during November, December and the turn of [...]
Working closely with fledgling small businesses over the years, it’s fair to say that we’ve seen some...well, interesting business practices. From trendy desk setups to quirky company attitudes, it’s tempting to run your company in a unique manner. However, even the coolest and most cutting-edge business ideas might actually be more antiquated than you think. [...]
As it turns out, growing pains aren’t just limited to our physical bodies as we rapidly shoot through puberty in adolescence. While growth is almost always a good thing for businesses, there is such a thing as growing too fast. Indeed, when an organization has not been fully successful in developing the internal systems necessary [...]
