There is a lot of discussion about online lenders and the inevitable upcoming recession. While many online lenders are willing to take risks in lending to businesses currently, these risks will be far and few between as a recession sets in. The 2008 recession saw bank…
When you run a small business, cash flow is crucial — not only to maintaining your day-to-day operations, but also for striving toward a future with a realistic trajectory of growth. Although most business owners understand this fundamental concept, they may lack the information necessary to…
If you operate a small business of any type, then you have probably at least heard of invoice factoring. While invoice factoring is an incredible way to grow your business, most people are simply not aware of how they might use such a service to the…
Organize your financial standing Before you even begin the process of pursuing small business loans of any kind, you need to organize your finances. This means performing a thorough audit of every sale, contract, invoice, and expense that you have incurred. It’s also wise to get…
What is Inc. 5000? The list represents a unique look at the most successful companies within the independent small business segment. Microsoft, Dell, Pandora, LinkedIn, Yelp, Zillow, and many other well-known names were all former honorees. Eligibility for honoree consideration is reliant on revenue and growth.…
A shocking 20% of small business in the U.S. fail in their first year while a further 50% of the survivors fail in their fifth. For 82% of these businesses that go belly up, cash flow issues are the main reason for their downfall. In the race for survival, small…
Have an invoice that’s pending payment, but you can’t wait for the maturity date? You’re not alone. Countless businesses have this experience, and invoice factoring companies are here to help. In fact, almost 28.2 million small businesses operating in the United States can benefit from invoice…
FinTech, or technology across financial services, has turned the lending space on its head. Online lending companies within the FinTech category are growing in popularity. With this popularity comes industry disruption. But where does factoring fit in the discussion of FinTech and industry disruption? At Eagle…
Studies done on small businesses and their financial stability indicate that most of them (82%) fail due to extreme cash flow problems. However, the studies revealed that they have money in account receivables to be paid in 90 days by their customers. Much of the money…
Small and medium businesses are the backbone of the American economy. Statistics put small businesses, businesses with less than 500 employees, at about 99.7% of all businesses in America. With such a huge number, small businesses seem to be thriving all across the country. But this…