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Submitted by: Stephen Bush

One clever approach to marketing the concept of business loan services without banks is generally built upon a variation of the good cop and bad cop by merely comparing a “good” lender to the “bad” banks. To ensure that the main point (avoiding banks) is not overlooked, some lenders are using business financing options slogans like “Think outside the bank”. Whether or not the advertising approach is convincing to small business owners, the ability to obtain commercial loans without bank involvement can help small businesses to prosper both with and without banks.

While banks still prefer not to talk openly about derivatives trading, this has provided insights into how banks might mismanage financial oversight when external controls prove to be inadequate. It has become more clear with each emerging report that a total financial disaster was only narrowly averted after banks were caught using an absurd amount of leverage with securities that they did not understand sufficiently.

Because of specific legal restrictions, banks cannot file for bankruptcy in the way that General Motors did but banks have still changed just as dramatically as if they had. Except in paid advertising, it has become rare for either businesses or individuals to speak positively about their bank, but many of us still have warm feelings about earlier banking days. The stories about giving toasters away have unfortunately been replaced by foreclosure and credit card abuses.

The idea of eliminating banks as a source of commercial loans has its roots in the increasing unpopularity of banks. As reflected in a quote attributed to Thomas Jefferson (“Banking establishments are more dangerous than standing armies”), bankers and banks have been unpopular from the very beginning of American history.

Small businesses generally have two major inspirations for avoiding banks when arranging business loan services. First, banks are failing at a rate that alarms most observers so logic dictates that small businesses should not book passage on a ship that is about to sink. Meanwhile, routine business loan services are not available from the remaining banks on a reliable basis. In the end small business owners have to judge whether their current bank is up to the task and then find alternative options for small business financing quickly when they are not.

Second is the common occurrence of disliking banks because of prior problems and mistreatment, and there are more accounts of similar difficulties reported everyday. In particular small business owners can point to small business financing services being reduced and eliminated by banks even though they were bailed out by taxpayers so that this kind of financial activity could resume at normal levels.

Business loans without banks is not a new idea. There are prominent examples with recommendations to pursue business finance options that do not involve bank financing starting three to five years ago. The initial reasons for this business financing options advice still exist, and now there are additional major factors that have entered the picture. While the original thinking could be described as “this is something that most small business owners should consider”, the updated summary is “sooner or later, all business owners will need to do this”.

About the Author: Stephen Bush provides

small business loans

and commercial bank consulting help for

commercial lending

services throughout the United States. Steve and AEX Commercial Financing Group are experienced business finance consultants for all

working capital loans

and merchant cash advances.

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Could a Factoring Company Help Your Business Access the Funds You Need?

by

Toby Seibert

Businesses in a variety of industries often find that funds tied up in outstanding invoices could help them meet immediate financial obligations. Providing a service to customers usually warrants immediate payment, however most businesses offer billing at a later date to secure more sales.

The businesses that offer the option to their customers of being able to pay at a later date will frequently choose to wait on their customers to make payment. The billing company will wait out the thirty-, sixty- or ninety-day period that they have extended to their customers or clients, often at peril to their own business credit. Sometimes, the pending invoices will be paid late or not at all. These unpaid invoices often stretch the supplier’s financial position to the breaking point. After all, the supplier has its’ own bills and payroll expenses it must meet by a certain date. Some business managers will choose to weigh their need for immediate financing. Financial officers can apply for loans or lines of credit that will allow them to make purchases, pay their own invoices, and meet other financial obligations. But, if the supplier is a new business, getting financing from a bank or other lending institution can be a real challenge. Business managers will consider an alternative option: working with a factoring company who will enable their company to access the income that is tied up in those outstanding invoices. Factoring companies are a specific type of lender that will purchase invoices or advance money on outstanding invoices from a business, for a percentage of the invoice’s current value. Receivable finance agencies can usually offer up to 90% of the value of the outstanding invoices to a business, enabling it to pay its own bills on time. Granted, this is not a total return on the outstanding receivables, but it does provide money for the business at a time when it may absolutely be needed to pay its’ general operating expenses. The service that is provided by factoring companies has benefited a wide variety of businesses in a number of industries: * Repair companies, manufacturing and distribution companies, trucking and transportation fleets have benefited from accounts receivable loans. Factoring loan services allow these companies access to the funding they need for marketing, transportation, and overhead, while they wait for payment from their customers. * Growing service companies such as those who provide security guards and temporary staffing can benefit from working with a factoring service company, so that they will be able to meet payroll and other financial obligations while they are waiting for clients to pay their invoices. * Businesses that offer medical supplies often are left waiting on payment, while insurance companies and other payees work to settle a claim. With the factoring loan in hand, the supplier can continue to stock necessary products and meet the financial obligations of running its business. Working with a receivable finance agency enables many businesses to meet their financial obligations, to conduct marketing campaigns, and to grow while they are waiting for invoices for the products and services that they provide to be paid. Factoring companies enable the success of businesses with unique financial needs to get by and even strive in today’s business world. Most businesses simply cannot always afford to wait for their clients to pay their outstanding invoices. All businesses have immediate financial obligations that a factoring service can help cover. Most businesses may not benefit from applying for a traditional loan or other financial products, because of limited extended line of credit, long time before it’s issued , and a variety of other issues. With the assistance of receivable financing provider, the needy business owner is able to pay off his or her own debts within 5 to 7 working days. Could a factoring company help your business to secure the funds that it needs in order to continue operating to its full potential? The answer depends, to a degree, on the nature of your company: * Is your company struggling with cash flow issues because your customers are slow to pay their invoices? * Is your company still in its start up phase – growing with invoices due, but little credit history? * Is your business growing quickly, but you’re finding that banks and other lending institutions consider your company a risk due to the lack of established earnings and an established history? * Does your business see increases sales seasonally and need quick payment on invoices to ensure ongoing success? If any of the above or a combination of the above scenarios apply to your business, you may find that a factoring company can give you access to the funds you need, at times when your available cash on hand is scarce.

Copyright (c) 1st Commercial Credit –

Toby Seibert writes about commercial finance and invoice factoring

. 1st Commercial Credit can help you with your business growing pains, with financing rates as low as 1.59%, with no fees and no minimums. They finance invoices from $5,000 to up to $10 million with flexible approval decisions. Call 1-800-450-9653 or visit: http://www.1stcommercialcredit.com

Article Source:

ArticleRich.com

Submitted by: Kenneth Echie

How does earning a Masters Degree in Communications help you become more upwardly mobile in your career path? Traditionally, the master s degree brings with it certain rights and responsibilities that will take you from middle management to the ranks of upper management.

The Master Degree in communications used to focus more specifically on communications via the media, but today, that is no longer true. MS in communications today is more broad-scope, more fully enveloping the entire range of communications, written, spoken and electronic, that may be required of a graduate once they enter into the business world.

Now that you’ve decided to go back to school and attain your Masters, what kind of things will you need to know before you do? What is expected of you in the Masters in Communications program and where will you get the time and the money to attend.

In most cases, so long as you’ve kept up with any other student loans, or have asked for a deferment, you are eligible for student loans to help you with the costs of your study.

What if you’re not able to attend regular or more traditional classroom studies to achieve your masters degree? Does this mean you’re stuck in middle management for the rest of your life? Are you going to be unable to pursue the added education you’d like to achieve and move upward in your chosen career path?

The answer, thankfully is no, you’re not.

Within the past ten years, online colleges have achieved new heights. The online, or distance education classes now permit you to take your classes online, to attend class from your home and to listen to video lectures or receive other types of media in order to attain your masters degree in communication. Getting an education from an accredited school has become incredibly easy even when you’re constrained by work and family and other responsibilities.

The top five tips for your Masters Degree in Communications we could offer you would be that no matter what type of college you elect for your MS degree in communications, there are a few things you should look at to determine that your school will give you everything you need for your education.

*Choose your school carefully and review the curriculum.

*Make sure the school you select is one that has been accredited by a governing body who oversees the education and the curriculum for your college.

*Ask questions and insist on answers. Find out how many people pass any state mandated testing on their first attempt after being educated at your prospective school.

*Learn more about the number of classes that you will have to take and if you’re choosing an online school, find out how those classes are presented so that you know you will be able to access them.

*Get involved in your own education. Don’t wait to find out that it wasn’t all that you planned, sift through all of the things that you are concerned about well before you enroll.

Note: You are free to reprint or republish this article. The only condition is that the links should be clickable.

About the Author: Copywrite Kenneth Echie. Kenneth is a Writer, Expert Author, and Publisher. He currently writes for

Masters Degree Guide

. Get free scholarship report and find

Masters Degree Communication Schools

by visiting.Affiliated website:

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By Stephen Bush

Small business owners will quickly realize when they review working capital management and business loan basics that the most effective commercial financing sources have changed during the past few years. Commercial borrowers might need to be alerted that there are both “new basics” and “old basics” for most business financing situations, primarily because the active role that banks have traditionally played in providing both working capital loans as well other forms of commercial loans has been quietly stopped or significantly reduced. The entire process of reviewing “working capital basics” will help businesses realize how other commercial finance options are likely to be more effective in resolving their predicament than a traditional bank solution of taking on more business debt to resolve financial problems.

Because of declining sales occurring simultaneously with decreased availability of bank financing, ensuring adequate business cash flow has become a higher priority for most businesses. In one common occurrence, borrowers are likely to attempt to juggle the timing of expenses whenever possible in an effort to match receipt of business income. Business owners will realistically be forced to “get back to working capital financing basics” because this is not an ideal solution under any circumstances.

Looking at whether it is feasible to decrease overall bank financing is certainly a potential cost reduction that should not be overlooked. Many banks are increasing their fees for almost all commercial finance services. Businesses should increasingly try to reduce their business debt levels to avoid some of the bank fees altogether. The option of firing a current bank and replacing them with a new bank charging more reasonable fees will need to be emphasized when this is not practical.

Another primary alternative for any business to explore in their efforts to deal with a mismatch of income and costs is business expense reduction, and credit card processing is always a significant cost to evaluate. This is frequently an expense area that is overlooked because the credit card processing provider was chosen for convenience or perhaps because they were recommended by a banking or other professional relationship. Analyzing alternative providers in conjunction with obtaining a merchant cash advance is one of the most practical methods for reducing this cost. By combining efforts to obtain additional working capital (via a business cash advance) with a change of processing services, two cash flow benefits can be achieved by receiving commercial financing while simultaneously reducing a major cost. Certainly there will be those who say that this is easier said than done, and it is appropriate to emphasize that this process should involve the close involvement of a business financing expert who is familiar with all aspects.

Because of the recent ineffectiveness that prevails with commercial banking, business financing can no longer be taken for granted by any business owner. Some common advice for many complicated problems is often a variation of “it is time to get back to the basics”, and working capital loans represent an ongoing illustration of this wisdom for small businesses. Working capital management is the science and art of short term business cash management, and improvements in this area should always be welcomed by commercial borrowers.

About the Author: Steve Bush has delivered candid

working capital management

and small business loan advice to business owners for over 25 years. He provides

small business financing

options throughout the United States. Stephen is the Founder of AEX Commercial Financing Group which offers commercial real estate financing, business cash advances and commercial loan programs.

Source:

isnare.com

Permanent Link:

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