August 30, 2021
Over the past ten years, I have analyzes the importance of small to medium-sized enterprises (SMEs) and its owners to understand how a personal credit score [commonly referred to as FICO score] can make an enormous difference on the availability of financing businesses. FICO scores are used by banks, lenders and funders when performing due […]
Read More
August 17, 2021
SAINT PETERSBURG, Fla. (August 17, 2021) – Newly published data confirms that the United States’ total factoring volume dropped significantly in 2020 according to data in BCR’s World Factoring Yearbook, authored by National Sales Manager Mark Mandula and Communications Specialist Alina Hall of United Capital Funding, a commercial finance firm headquartered in St. Petersburg, Florida. […]
Read More
June 22, 2021
As most of us would agree, the current and lingering COVID-19 pandemic has altered how we live, eat, and pay our bills as consumers and SMEs. It should come therefore as no surprise that commercial banks and others who are in the B2B payment industry are focusing additional time and capital to provide these types […]
Read More
June 17, 2021
A successful collection effort is an important component of any business. It plays a major role in the revenue cycle; not only do you have to close the sale and provide the product or service, but no transaction is complete until payment is collected. The ability to collect in full and in a timely manner […]
Read More
June 8, 2021
One of the most common questions we get asked is how does factoring differ from a bank loan or another traditional capital source. This is an excellent question and I will answer this by addressing key differences between the two in the short article. In the simplest sense, the difference between a bank loan and […]
Read More
April 6, 2021
This month, I had the pleasure of speaking directly with Fred G. Parrish, founder of The Profit Experts and co-author of The E-Myth Chief Financial Officer: Why Small Businesses Run Out of Money and What to Do About It with Michael E. Gerber. There are those of us who still hold tight to our copy of The E-Myth. For me, it […]
Read More
March 1, 2021
Trade finance is a catch all term, covering any form of financing in a trade transaction, both domestically and internationally. Common forms of trade finance: Supply chain finance (aka reverse factoring and payables financing) Factoring (invoice financing) Purchase order (PO) financing Letters of credit and guarantees Benefits to using a trade financier: Reduced risk – […]
Read More
February 1, 2021
Timely collections begin with the sales team: Communicating with your customer on payment terms during the sales process offers transparency and clarity and always results in more timely collections. Know your customer’s credit worthiness: Credit evaluations are essential when extending terms to your customers. You can require payment in net 30, but if they aren’t going to pay […]
Read More
January 1, 2021
Don’t wait: There are a lot of options available, so take the time to consider the various options, consider future implications, build relationships, and tighten up the numbers. Have (and utilize) a business plan: Whether you’re considering the SBA or private investors, if you want others to share your vision, make sure to demonstrate the […]
Read More
November 5, 2020
To our clients and colleagues, Above all, it is my hope that this letter finds you well and looking towards the future. 2020 has presented many challenges. I am grateful for each of you, our clients, colleagues, and team members. We have all played a role in helping one another and moving forward together. Thank […]
Read More