Tag: insolvency
importance of working capital management

Understanding Credit Risk

Now more than ever, it is so important that you increase your working capital in order to protect your business. A recession and global pandemic means that every business is shaken up. It is definitely possible that some of your customers will be unable to pay…

how to factor invoices

What Happens if You Breach Your Banking Covenants?

You may remember the covenants you signed up for along with your bank loan or line of credit. They are the guidelines or what you do or don’t do in order to maintain good status on your loan, and they are created based on the financials…

survive recession

How to Get an SBA Economic Injury Disaster Loan

Due to the disruption of small, medium, and large sized businesses in the wake of the COVID-19 response, the Small Business Administration is offering Economic Injury Disaster Loans. These loans are working capital injections that aim to help business owners pay debts, meet payroll, accounts payable,…

working capital management

The Importance of Working Capital Management for Your Business

Many business owners focus on the numbers on their balance sheet without paying attention to their cash flow needs. To keep your company running and help you expand your business, you must take charge of your working capital. Otherwise, you risk financial insolvency. Want to Share…

when to send your customer to collections

Business Essentials: Collections

Do I Send My Client to Collections? The collections process for small businesses is a major resource drainer. It takes time, effort, and consistency to get paid on-time. When clients are waiting longer than a few days to pay open invoices, it will hurt your company’s…

customer nonpayment

Warning Signs Your Customer Could Be In Trouble

You’ve worked hard to make that sale. You’ve delivered the goods. Congratulations. It took effort to nurture that relationship. Now you need to get paid as otherwise you’ll be in trouble. You have bills to pay, and people rely on you. How do you get paid…

bankruptcy funding

Business Funding After Bankruptcy

When a business owner has a bankruptcy on record or is currently restructuring due to insolvency, traditional lenders will shut their doors. Bankruptcies do not stop factoring companies from purchasing invoices. Eagle Business Credit evaluates the credit of your clients, not your business. Rather than seeking…

How to Calculate Your Working Capital

Understanding your working capital requirements to meet your cash flow needs is an essential concept to grasp as a small business owner; however, it continues to be greatly misunderstood by many owners in this demographic. This is partly because many people have different definitions of what…