February 25, 2022
As you know, small businesses or SMEs are the true backbone of the American economy. All of us have had to adapt the way we serve in this pandemic-impacted environment, and we are proud to support SMEs who innovated, turning challenges into opportunities. 2022 also marks a very important milestone for our firm as it […]
Read More January 18, 2022
In considering a factoring proposal, it is important to understand the following aspects.
Read More 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 […]
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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 25, 2021
Background General description: Sporting goods manufacturing State of formation: Illinois Customer type: Retail companies Issue This company just secured a major contract for its business. This new customer was in the top ten of the Fortune 500 companies and a major entity in the retail space. Unfortunately, the terms of the contract states that the […]
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