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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 online payments […]

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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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June 8, 2021

What are the Key Differences Between a Bank Loan and Factoring?

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 […]

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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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February 25, 2021

CASE STUDY: Department of Defense contractor needed liquid capital

Background General description:Midsized ammunition manufacturer State of formation: Florida Customer type: Government entities including the United States Department of Defense Companies that benefit from factoring of government receivables may be contractors for federal, state or county contracts. In many cases, minority and women-owned businesses and SBA 8(a) organizations are eligible to factor government receivables. When […]

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