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August 30, 2021

FICO Scores and COVID-19 in the United States

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 […]

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August 17, 2021

Florida Finance Firm Analyzes Nation’s Factoring Industry in New Report

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. […]

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June 22, 2021

B2B Online Payments Are Here to Stay

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

3 keys to an effective collection effort

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 […]

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April 6, 2021

A conversation with Fred G. Parrish

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 […]

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March 1, 2021

A quick look at trade finance

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 – […]

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February 1, 2021

10 tips to speed up cash flow (from an accounts receivable (A/R) perspective)

​​​​​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 […]

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January 1, 2021

10 Tips When Seeking Financing & 3 Steps To Take Right Now

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 […]

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November 5, 2020

A letter to our clients

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 […]

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