I’m sure there are a lot of business owners out there who have the fiscal cliff on their mind. Some of you probably have big questions about how your business is going to be affected with the tax cuts being eliminated. You probably have questions like:

As we are well underway in 2013, I’m sure if you own a small business you’ve thought about how you can make your business better, even if you had a solid 2012.

Invoice Factoring

While we think there may be some improvement in the economy going into 2013, there is still a lot of uncertainty regarding how banks are going to loosen the purse strings to small businesses.

Some of you small business owners out there probably understand how hard it is to obtain traditional bank financing. There’s so much documentation you have to provide and the process is often quite cumbersome depending on the institution you’re working with, especially in today’s economic climate. If you have to work directly with a loan officer who handles everything, it may be difficult to get a hold of him or her at times.

No matter the industry (manufacturing, distribution, construction or services) there is one common thing that is needed for your business to be successful and survive.

In my tenure in the commercial finance industry, I have learned a lot about what to
do and what not to do when it comes to running a business. One thing you must do
to successfully run a business is to
stay organized.

It’s not a big secret: if you own a small business you must have cash in order for your business to survive.

We have spent many years now in the commercial finance industry, helping countless small businesses achieve cash flow success. During this time we have picked up a few things along the way, which are beneficial to helping small businesses achieve success. 

While it seems that banks may be loosening the purse strings, for small businesses it seems that it may still be difficult to obtain financing. There are always a variety of reasons: