Tag: funding
importance of working capital management

How to Improve Your Business Cash Flow

There are so many reasons why you need to improve your business cash flow. It takes money to make money, so you need to have cash on hand to afford supplier costs, labor costs, overhead, and marketing. When it comes to growing your business, you need…

PPP loan program small business funding

How to Get a Second PPP Loan?

If you were in business at the beginning of 2020, chances are you considered taking funding from the Paycheck Protection Program or a PPP loan. The program funded 5.2 million small businesses from the Spring to August of 2020. Whether you have spent that money or…

business loans

Small Business Financing Options with Debt

Funding Your Business The boot-strap method of financing your business—tapping into your savings, retirement, or refinancing your mortgage for all the available capital possible—can be enough to get your business off the ground, but then what? Growing businesses require more funding, and when 82% of failed…

entrepreneurism during a recession

How Can You Start or Grow a Business Right Now?

On this episode of #TheMoneyFactor, CEO Ian Varley and digital marketing specialist Kelly Elson discuss small business entrepreneurship during recessionary times. How can you grow or start a business right now? Why Start a Business or Grow a Small Business Right Now? So, Kelly, you see…

Why Is Factoring Perfect for Janitorial Companies?

So, why is factoring particularly a good fit for janitorial companies? There are a number of reasons. The janitorial company is going to have that classic cash flow gap. What do I mean by that? Well, you have to buy supplies, cleaning supplies, not only that…

Small Business Stimulus Funding

When it comes to government funding programs to protect your small business, the most popular has been the Paycheck Protection Program. There are other options that received less attention, but they could be the solution to getting your business through the ups and downs of this…

Is There a Small Business Vaccine?

Many folks have their hopes resting in a vaccine in order for life to return to normal. Unfortunately, the situation is a bit more complicated than that. Even with a vaccine, small businesses have been closing left and right. Many small business owners don’t know how…

components of working capital

Various Components of Working Capital

Business owners are concerned about their bottom line. Naturally, they are looking to generate a profit on their income statement. However, to stay in business in the long term, companies must also weather short-term cash fluctuations. This requires sufficient working capital to stay solvent throughout the…

Fearless Factoring: Small Business Credit

In much of the financial world, personal or business credit is huge. It can determine whether you are approved or denied, how much funding you are offered, and what interest rates you can receive. Invoice factoring companies, however, do not care about an applicant’s credit score.…

What to Do if You Cannot Repay a PPP Loan?

The Paycheck Protection Program is aimed at keeping small businesses and nonprofits afloat during harsh economic times caused by COVID-19. The main selling point of this program is that the loan is up to 100% forgivable. The downsides, however, is that many business owners will have…