Apr
26

Could You Use Another $100,000 Immediate Working Capital?

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If you are one of the more than 25 million small businesses in the US today, then you are now or have or will face of these problems. If you are one of those businesses who doesn’t have any more room on your line of credit, or if you can’t even get one, what do you do?

Accounts receivable factoring can provide an easy way out of all of these. When you use factoring, you are not borrowing money; you are selling an asset. You don‘t increase your debt and you get liquid cash fast!

Payroll
Granting payment terms is an accommodation to customers that often leads to more business. However, matching payment terms to payroll needs is often impossible. This is one of the most common reasons for a company to factor.

Taxes (usually payroll)
Factoring advances can help speed up cash flow and provide immediate cash to help catch up on delinquent taxes and arrearages

New Business
Many small businesses owners do not solicit or decline business from potential new customers that pay in 30 days or longer due to their cash flow restraints. Having factoring in place, gives business owners a powerful tool with which to become more aggressive in their marketing efforts to win new, larger accounts.

Taking supplier discounts and early payment discounts
With a factoring arrangement in place, the business owner can approach its suppliers to grant price reductions for early payments or volume purchases. In many cases, the price reductions may offset or even be greater than the factoring fees.

Inventory purchases and expansion
Factoring doesn’t address this directly, but clearly having freed up working capital can provide more flexibility when volume purchases of new inventory are required or desirable.

Providing working capital in cases of bankruptcy
Factoring is one of the few financial resources available to businesses operating in Chapter 11 bankruptcy, because they are buyers, rather than lenders, helping to enhance cash flow.

Owner buyouts and partnership breakups
When a business must be divided, factoring can provide the surviving partner the liquidity to buy an equity position

Natural disasters
Factoring can bring cash quickly to bear on unforeseen circumstances ranging from floods and hurricanes to “sticky” divorces.

If any of these problems above sound familiar or have you scratching your head for a solution, then an accounts receivable factoring can be just a click away..


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Apr
26

Green Car Donations Help The Earth Stay Green

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While junking your car can give you instant satisfaction that’s where it ends, not to mention it can leave lasting a permanent smudge on the Earth.  However, donating your unwanted car can get you a tax deduction and a good deed as well as instant planetary improvement.  By donating your car to a green charity you are improving the quality of your life and your taxes.  And it doesn’t have to end with your car. You can donate your old motorcycle, RV, boat, jet skis and even riding lawn mower! Items that are no longer useful to you can be put towards a good cause, help the Earth and cut you a tax break in the process.

Donating your car is a great way to find a new eco-friendly use for an outdated vehicle Car donation is an awesome way to put outdated machinery to good use. If the vehicle is in relatively good condition it may go to someone who needs a vehicle and is on a budget. If the vehicle isn’t running then the parts will be properly recycled or disposed of in a safe environmentally friendly way. Donating your car is also possible even If your vehicle isn’t running and restoration will exceed the value of the vehicle itself it can be used for parts. Those that can be salvaged will be and the remaining parts of the vehicle will be recycled.

Unlike selling your vehicle to a junkyard for quick cash where it will die a slow, earth damaging death, donating your vehicle to an environmentally friendly charity gives it a chance to be remade into valuable materials that can be used for the benefit of others rather than the detriment of the planet.

Donating a car or any kind of motorized mode of transportation is an excellent way to help take care of the planet we live on and the people we share it with.  So donate your car to a green charity now do it today!

 


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