Peter owns a successful business that is growing quickly. Like many businesses, Peter?s company has good commercial and government clients that buy regularly from him. And since Peter is really good at his business, his clients have been purchasing more and more products from him. His business appears solid.
But some cracks are starting to appear in the foundation. He?s been close to missing payroll twice. He?s delaying supplier payments. Even worse, he chose not to bid for a major government contract because he couldn?t afford to. That?s true ? he couldn?t afford to bid for new business. He was afraid of having to add more employees and buy more materials.
How can that be?
Like most business owners, Peter extends terms to his clients. They usually pay him in 30 to 45 days. But, since Peter runs a small business, his suppliers demand that he pay them in 10 days. Plus employees need to be paid every two weeks.
In summary. Peter has clients that want to pay in 45 days and suppliers/employees that want to be paid in 10. Since the company does not have a lot of money in the bank, the math doesn?t work.
Is there a solution? Yes, Peter should consider factoring his invoices to fix his cash flow. Factoring will provide him with the necessary cash to pay suppliers and employees, while eliminating the 30 to 45 day wait to get paid.
Invoice factoring works as follows:
1. You deliver the product or service and invoice your client 2. You send a copy of the invoice to the factoring company for financing 3. The factoring company advances you up to 90% of the invoice. You get immediate funds. 4. Once your client pays the invoice, the transaction is settled
With factoring, Peter will be able to meet his current obligations. His company will also have enough cash on hand (or liquidity) to bid on new job proposals, allowing him to grow the business and take it to the next level.
Commercial Capital LLC Looking for a factoring company? We can provide you with a factoring financing quote. Please Marco Terry at (866) 730 1922 for a free quote. For more information go to http://www.ccapital.net, http://www.ccapital.net/html/our_services.html or http://www.ccapital.net/html/site_map.html
TAOW Partners With Social Advertising Pioneers SplashCast To Help Brands Reach Social Networking Audience
Viral sharing of updatable content - from videos to chat to pictures & games -- lets marketers connect with MySpace/Facebook users.
Boat Accessories ? The Cool Way To Dress Up Your Boat
Initially, we would think that the boat accessories industry does not carve a significant niche in the consumer market. How many people would actually own boats? Or how many of these people would spend good money dressing up their boats, for that matter? In reality, however, boat accessories are as fashionable as bags or apparel. There are boat accessories for different types of boats, and at reasonable prices, too.
Built-in, Self-filling Brew Express(TM) Coffee System Now with New Sizes, Features and Design: New Models for Homes, Offices, Hotels, Yachts
The Brew Express(TM) -- which earned acclaim and popularity as the first built-in-the-wall, self-filling coffee system -- is now available in two new sizes, and with new and improved design and features.
Lease With Crystal Joins Lease One & Helps Small Business Land Affordable Equipment Leasing
Lease With Crystal today launched its small business-focused equipment (http://www.leasewithcrystal.com/services.htm) to help entrepreneurs compete with larger, more established businesses.
Organic Baby Products & Organic Baby Clothing - Why Buy Online?
As with many other types of products, purchasing organic baby products online offers cost savings, convenience, variety and availability The number of merchants offering their products online continues to increase dramatically
Should Your Small Business Hire an Advertising Agency?
So, you own a small business, sales are down and you've come to the conclusion you need to start advertising. Questions: Where do I advertise, how much do I spend and do I need the help of an advertising agency?The answer to this question is really very simple.
Small Business Opportunities And The Tens
You may find this Newsletter a little long winded but it's for a good cause: It's all designed for Your Success!One of my favorite quotes is by Alfred d'Souza. It goes like this:"For a long time it had seemed to me that life was about to begin, real life.
Wholesale Shoes Distributor Adds 300 New Shoes, Boots, Sandals and Clogs to its Website
Enhancing the process of buying wholesale shoes, Shoenet.com offers over 5000 fashion wholesale shoes items, and ease of buying on the web.
E-coupons
Online coupons, often called e-coupons, are offered by both online and offline stores. For online stores, e-coupons provide discounts to customers who buy product contained in the Web site. Offline stores, on the other hand, utilize printable e-coupons for use at the real-world stores. These e-coupons must be printed by the customer and then physically brought to the store.
Hockey Products?accessories
A fan of any game, may it be baseball, basketball or hockey, would like to strut some stuff that shows they favor that team or player. Through this, they could show their intense devotion to their hockey heroes not just during a game but also while they go on with their daily life. While some would only go for apparel, a lot would like to go the whole way and get the whole ensemble including accessories.