Many businesses reach a point wherein getting funding for additional working capital is a must. This may be at the beginning of a business life cycle when all other capital is tied up in setting up the business, or sometime in the middle when you need additional capital to grow.
Whenever the need arises, it’s important to know and understand where and how you can get 2014 unsecured small business loans. For small businesses, getting funding may be a challenge because of the nature of the lending process. Lenders usually look for collateral and require that you have stellar credit rating to back you up. Small businesses often have trouble meeting these two requirements, especially if you’re just starting out.
Advantages of an Unsecured Loan
This is precisely why unsecured small business loans are so valuable. With an unsecured loan, you don’t have to worry about proving your credit worthiness so much as when you were to take out a regular loan from a traditional lending company such as a bank. More importantly, you will not be restricted as to how you will use the cash. Unsecured small business loans give you the working capital that you need, with a lot of freedom and flexibility as to how you want to use this funding. This is very critical because for small business owners because many things could suddenly crop up and need funding.
Unrivaled Flexibility
When you have access to 2014 unsecured small business loans, you get ready cash and you get to use it for anything. Whether that’s to renovate your office space, upgrade your equipment, or consolidate the debt that’s eating up all your cash, you can use it as you see fit. You can even use it to increase your inventory or amp up your operations.
There are many ways you could maximize an unsecured small business loan, and you will not have any restrictions whatsoever. Moreover, if you choose your lender well, you will also have the flexibility of usage without hidden fees, hidden requirements, and all those other things that could tie you down with any other lending agreement.
Growing the Business
The most important thing you should think of when applying for a small business loan however is the fact that you can use it to grow your business. Many small business owners are hindered by short-term thinking, as well as by the mentality that they can only stay a certain size or earn a certain amount. You may be a ‘small’ business now, but if you use your working capital which you can get from 2014 unsecured small business loans to your advantage, you can invest in things that will position your business for future success.
Review your options at Neebo Capital and you’ll find out that there are many ways in which you can free up your working capital and invest in the things that matter. Give us a call, you just might be on your way to not only meet your working capital needs but also bring your business to the next level.
The importance of working capital is often underplayed, but the fact is that it can give you a lot of freedom to grow your business.
There will come a time when your business will need additional funds so it can grow. After all, if you want to be poised for growth, you’ll need to invest in more people, more equipment, upgrades, and even a new office. Growth is a good thing obviously but you’ll also need to come up with more money to make it sustainable. And getting access to an unsecured working capital line is all that your business needs to get that much-needed boost.
The Power of Working Capital
The importance of working capital is often underplayed, but the fact is that it can give you a lot of freedom to grow your business. When you get used to the day-to-day operations of your business, it’s easy to overlook things that may need improvement. Some people are so engrossed in the daily operations that they fail to see the bigger picture.
For instance, your equipment and machinery may work fine right now, but if you had a bigger working capital, you could easily invest in an upgrade that would make your operations more efficient. More working capital could also mean giving your employees a better compensation package, thereby increasing overall productivity and satisfaction.
Working Capital Considerations
The truth is that you simply can’t think of ways to expand and improve your operations if every dollar of your working capital is tied up in your everyday expenses. While those expenses are important to keep your business afloat, having access to an unsecured working capital line can help you expand your horizons.
When reviewing your unsecured working capital funding options out there, these are some of the things you should consider:
Flexible payment options – You should check the financial company’s arrangement when it comes to payments. Such arrangements and terms can have a significant impact on your bottom line.
Seasonality – A good working capital line will give you enough revolving credit that allows you to get extra funding for seasonal needs.
Fees and limits – Another important consideration is the fees that you will have to pay to get access to a working capital line. You should also ask what your borrowing limit is.
Customer service – Getting a credit line is still a service that you’re essentially paying for, and this is why it’s important to choose a firm that has reliable customer service. A good lending company will even serve as your financial guru, to help you in making sound financial decisions should you need their assistance on such aspects.
Think Long-Term
When you apply for an unsecured working capital line, what you’re essentially doing is giving your business a much-needed boost. It also allows you to afford securing additional short-term assets. But while these assets are essentially for the short-term, you’ll need them as you prepare yourself for long-term success.
If you are in need of an unsecured working capital line, please visit www.neebocapital.com today. We have several financial solutions available to suit your requirements.
Running a staffing company is challenging as it is, and this is largely because your main asset or resource is your people. They are the ones that make your business tick, and working with people is never a walk in the park. More than that, there are staffing company working capital requirements that need to be met as well.
You may have a bunch of really good people under your belt and ready to be deployed, but you need to match these individuals with the right clients. You need to ensure that the people you have carefully chosen and trained are fit for the job, because you also have clients to please. But the real challenge is the timing of payment, because for the most part, your clients don’t pay you upfront.
The Challenge of Running a Staffing Company
To keep a staffing company alive, you need to compensate your staff well. This means meeting their payroll regularly, even if the client you are serving hasn’t paid yet. This is where working capital assistance comes in. You don’t have to borrow money to make sure you can make the next payroll. What some staffing companies do is look for working capital solutions, like trading invoices for ready cash. That way, you get to free up your cash in time for paying your people, and let your lender worry about claiming your accounts receivable.
Working Capital Needs
As a matter of fact, it’s not just payroll funding that requires staffing company working capital. Payroll is a pretty standard part of operations, and there are others that also beg for higher working capital than what a staffing company might normally have.
Opportunities for growth. There will be times in a company’s life wherein growth opportunities will come. These opportunities don’t come everyday, and when they do, they need to be seized. To grow, you usually need to put out capital, and this is why additional working capital is needed.
Credit management. Your firm might have outstanding liabilities as well as outstanding receivables that don’t really leave you much for day-to-day operations. Your capital shouldn’t be tied up to anything ‘outstanding,’ as you will need cash to keep your business running.
Seasonal fluctuations. There will be times of the year when more people (staff) are needed, such as during the last quarter of the year when most companies need to hire extra hands to cater to the market demand. The need to temporarily increase your recruitment quota may have an adverse effect on your normal cash flow. For these seasonal payroll needs, you also need additional working capital.
For all of these staffing company working capital requirements, you need to have a reliable funding provider. You may check out www.neebocapital.com for a financing package that’s tailor fit for your company. There are many options available, and what’s important is to find what can really help your staffing company based on your specific situation.
Please visit www.neebocapital.com to check out all the options we have for your company, and be on your way to financial freedom and growth.
Factoring saves times, effort, and in the long run, can even save money for a company. That’s because even if the original worth of the invoices may become anywhere from 85% to 97% due to the discount applied by the factoring company, there could be greater savings realized when the cash from the factoring is used to keep operations running
Is the factoring of invoices an investment of some kind? What are the rates of return for the factoring of accounts receivable?
“Rates of return” typically mean the loss or gain made in an investment over time, which is stated as the percentage of the increase (or lack of it), compared to the original amount of investment.
In invoice factoring, a.k.a. the factoring of accounts receivable, there is no real investment made on the part of their company that owns the invoices. If there is an investment made, or more accurately, if any kind of investment is being made during the transaction, it is on the part of the factoring company.
Sounds Greek? Let’s take a look at the smaller details further, to arrive at the bigger picture.
What Factoring Entails
At its most basic, there are three elements necessary for factoring to take place. First, a company with invoices or still uncollected payments for goods and services that have already been purchased. Second, a Factor or factoring company. Third, an agreement between both, that the invoices will be sold by the first company, and that the second company will buy those invoices, at a discount.
That discount can be said to be the “commission” or earnings of the factoring company out of the transaction. So, in a sense, that can be considered as therates of return for the factoring of accounts receivable, but only on the part of the factoring company.
But what about the company that owns the invoices. What do they get out of the transaction?
Benefits of Factoring
When a company is strapped for cash, many processes and systems needed to run the business get adversely affected. From administration and operations, to advertising, marketing and sales, the lack of readily available cash makes a strong impact that could hinder business efficiency and productivity. Without a source of funds coming in, cash flow will become stagnant or blocked.
That’s where the beauty and usefulness of factoring comes in. Instead of having to wait for invoices to be collected (which can take months or even years, depending on the economic climate and the financial state of the customers to whom the invoices were made), a company can easily and readily have access to their required cash through a factoring agreement.
Factoring saves times, effort, and in the long run, can even save money for a company. That’s because even if the original worth of the invoices may become anywhere from 85% to 97% due to the discount applied by the factoring company, there could be greater savings realized when the cash from the factoring is used to keep operations running. In essence, then, that could be the rates of return for the factoring of accounts receivable, on the part of the company who sold the invoices.
If you’d like more information on how to get the most out of a factoring agreement, get in touch with Neebo Capital. Since the discounts are dependent on which factoring company you are dealing with, it’s best to deal with professionals such as those from Neebo Capital.
What are the Rates of Return for the Factoring of Accounts Receivable?
Is the factoring of invoices an investment of some kind? What are the rates of return for the factoring of accounts receivable?
“Rates of return” typically mean the loss or gain made in an investment over time, which is stated as the percentage of the increase (or lack of it), compared to the original amount of investment.
In invoice factoring, a.k.a. the factoring of accounts receivable, there is no real investment made on the part of their company that owns the invoices. If there is an investment made, or more accurately, if any kind of investment is being made during the transaction, it is on the part of the factoring company.
Sounds Greek? Let’s take a look at the smaller details further, to arrive at the bigger picture.
What Factoring Entails
At its most basic, there are three elements necessary for factoring to take place. First, a company with invoices or still uncollected payments for goods and services that have already been purchased. Second, a Factor or factoring company. Third, an agreement between both, that the invoices will be sold by the first company, and that the second company will buy those invoices, at a discount.
That discount can be said to be the “commission” or earnings of the factoring company out of the transaction. So, in a sense, that can be considered as therates of return for the factoring of accounts receivable, but only on the part of the factoring company.
But what about the company that owns the invoices. What do they get out of the transaction?
Benefits of Factoring
When a company is strapped for cash, many processes and systems needed to run the business get adversely affected. From administration and operations, to advertising, marketing and sales, the lack of readily available cash makes a strong impact that could hinder business efficiency and productivity. Without a source of funds coming in, cash flow will become stagnant or blocked.
That’s where the beauty and usefulness of factoring comes in. Instead of having to wait for invoices to be collected (which can take months or even years, depending on the economic climate and the financial state of the customers to whom the invoices were made), a company can easily and readily have access to their required cash through a factoring agreement.
Factoring saves times, effort, and in the long run, can even save money for a company. That’s because even if the original worth of the invoices may become anywhere from 85% to 97% due to the discount applied by the factoring company, there could be greater savings realized when the cash from the factoring is used to keep operations running. In essence, then, that could be the rates of return for the factoring of accounts receivable, on the part of the company who sold the invoices.
If you’d like more information on how to get the most out of a factoring agreement, get in touch with Neebo Capital. Since the discounts are dependent on which factoring company you are dealing with, it’s best to deal with professionals such as those from Neebo Capital.
Click the image for our medical factoring program. Clients that exceed $500,000 in accounts receivable may qualify for our asset based receivable financing program
Health clinics provide an invaluable service to the public, and as such, should never find themselves in the position of having to worry about the health of their bottom-line. However, while that may be ideal, the reality is vastly different. That’s why medical factoring for health clinics could be a highly workable solution to the problem of an ailing bottom-line.
Bureaucracy, Late Payments, and Others
There are times when health clinics, along with other health care providers, find themselves having to contend with issues such as a tangled bureaucracy both from sources that are internal and external to the health clinics (such as insurance agencies and HMOs) andcredit worthy customers who are slow or delayed in making payments.
Even if it is true that the health care industry has been proven time and again to be among the industries and sectors that are resilient to the effects of an economic recession, it cannot be denied that there are other matters which can impact the financial condition ofa health clinic, such as:
Continued changes and improvements in medical technology. Health clinics that are unable to keep up with such changes because of blocked cash flow can end up losing more opportunities in the long run.
Public policy shifts. It’s not just the economy that affects the customers’ way of thinking. Whatever policies and legislation are actualized by the government can also affect the thoughts and behavior of a health clinic’s customers, specifically in the area of choosing which clinic to patronize.
Private policy shifts. Even if the health care industry may stand strong against national economic upheavals, supporting players such as insurance companies are not, and could be forced to come up with policy changes that greatly affect the financial health of clinics.
Market conditions. People will always seek ways to alleviate their medical issues and concerns. However, the question is whether they will still be able to afford their treatments.
Medical Factoring
Given all of the challenges that a health clinic may face in the course of doing business, it makes good sense to have a solution within arm’s reach in case something bad does happen and causes cash flow to become stagnant or blocked.
Medical factoring for health clinics is an excellent solution. A typical factoring process could happen this way:
The health clinic bills HMOs, private insurance companies (for both health and personal injury claims),worker’s compensation insurance, or Medicaid/Medicare for services or goods rendered in the practice of health care provisioning.
The health clinic sends copies of the bills/invoices to the Factor or the factoring company.
The Factor buys the invoices, agreeing with the health clinic on the discounted amount. For example, if the amount involved, or the face value, was $100,000 then the health clinic could receive anywhere from $80,000 to $97,000 depending on the terms and conditions of the factoring company.
The amount is given to the health clinic or deposited to their account, usually within 24 to 48 hours. Some Factors may release the cash immediately.
As mentioned, different factoring companies have different policies and have different terms and conditions, with regards to medical factoring for health clinics. If you manage or own a health clinic and want to know more, you can get in touch with Neebo Capital.
We Offer Working Capital Lines $25,000 – $500,000 Across U.S. & Canada!
Knowing the amount of working capital that you need to run a business is very important. At any given point in the life of a business, working capital is perhaps the most important aspect that you need to really pay attention to. This is because your working capital is the source of all your operating expenses, and if you don’t have enough revolving capital, your business won’t be able to function the way you need it to. Relying on future revenues wouldn’t cut it, and this is why it’s important to really have your working capital figured out.
The reality though is that there are times when having sufficient Canada working capital becomes a challenge. Expanding your working capital sometimes becomes a necessity, and you’ll need to be clear about the options that you have in case you really need additional cash flow.
Different Financing Options
The good news is that while the requirements of traditional financing methods have become more stringent, there are now other ways to apply for financing. You don’t have to be limited to the usual loans offered by traditional financial institutions like banks, and you don’t have to worry if the credit line given to you is not enough to cover what you need.
In today’s world, there are so many other options you can run to. You can even initially apply for working capital financing through an online platform, no matter what part of the world you’re located. Here are some of the Canada working capital financing options that you can look into:
Purchase Order (P.O.) Financing
Supply Chain Financing
Contract Financing
Export Factoring
Freight Bill Factoring
Inventory Financing
Accounts Receivable Financing
Equipment Financing
These are just some of the many options available for those who want to expand their working capital. There are other options that fall under Factoring, Asset-based loans, Trade Finance, and other lending methods.
The amount you can borrow will depend on the arrangement with the lender and what your asset portfolio currently looks like.
Having the Right Working Capital
When you need to expand your working capital and you eventually choose one of these financing methods above, you just have to make sure that you know the amount of capital you need. Depending on what type of company you have and what industry you operate in, working capital needs could differ.
Also, if you operate globally, there are additional international requirements you need to think about and consider. For instance, you may have a customer overseas that just made a bulk order. To deliver that order you would need additional working capital not only for the raw materials and manufacturing but also for shipping those goods and making sure they reach your customer across geographical borders.
To operate your business efficiently, you will then need to really assess how much Canada working capital you need at any given point. If your working capital is about to run out or if you foresee that a certain season will drain it, then you’ll need to make advanced arrangements or plans for working capital financing.
For every business in Canada working capital is probably one of the most crucial elements to its success. Thus, you need to focus your attention on how you can manage your working capital properly. In these times of instability, you may face extraordinary challenges that can affect your business. Only by being able to make the right decisions about the use of your capital can you make sure that you overcome them.
Preserve Your Capital
In Canada working capital must be preserved if you want to nurture the growth of your business. So you need to regularly assess your markets, your strategy, and your balance sheet. Review them to find out your strengths and weaknesses. Find the right opportunities, but also learn how to recognize risks. Make sure that you keep your cash flow steady, as this is crucial for the viability of your business.
You should also manage your debts properly, and you need to review your debts and check where negotiation is possible. You should find alternative sources of cash, including short-term credit.
Finally, cut costs where you can without eroding value and contradicting your business strategy. In these tough times, controlling costs is mandatory if you wish to keep your business afloat.
Optimize Your Capital
The key here is efficiency. You need to squeeze the maximum benefits you can get from your working capital. Just because you’re profitable now doesn’t mean that you can sustain it for the long term.
Check how your assets are performing, and evaluate their performance internally and against your competitors. Take a more active stance on business asset management. You may discover that you’re not using your assets properly, and you can make the necessary improvements to enhance the way you preserve and allocate them. By operating more efficiently, you can free up some more cash to bolster your capital.
Raise your Capital
As your business grows, your capital requirements should always be reviewed so that they can be met as expeditiously as possible. No matter how profitable your business may seem right now, there’s no guarantee that nothing will ever hamper your growth towards industry leadership. Raising capital often comes at a cost, so prepare for any eventuality by identifying your capital needs in the future, now.
Invest Your Capital
Finally, you should learn how to invest your capital properly, so study up on various ways in which you can use them for maximum profits. You need to be diligent and conscientious. Look for opportunities for investment instead of waiting for it to knock at your door.
Managing your finances is one area you need to pay attention to, because in Canada working capital is the tool by which you foster business growth. With proper capital management, your business may not only lead the industry in Canada, but also throughout North America.
When it comes to the temp staffing industry there is a temp job available in each season. Perhaps the busiest season for temp staffing agencies is the fall/holiday season. The reason for this is because many retailers are looking for a temporary boost of employees to help get them through the busiest time of the year. However, the usage patterns for contingent workers will depend on the industry. While retailers hire in the fall, temp jobs in the finance and accounting industry will boom during the spring when tax time rolls around. In the hospitality industry the most temp jobs are found during the summer months when more people are travelling.
Retail Hiring
In the fall, when the holidays start to approach retailers up their hiring to match the demand found in their stores. Macy’s is a large retailer that does a lot of temp hiring during the holiday season. In fact, starting in September the stores will hire nearly 80,000 employees according to statistics. Toys R Us will hire around 40,000 temp employees to help them get through the holiday season.
Logistics Hiring
One of the most seasonal/temporary staffing jobs comes in the field of logistics. Logistics companies such as FedEx and UPS will hire for the holiday season. UPS reports that they will hire around 55,000 employees for the holiday season this year and FedEx reports that it will hire at least 20,000 seasonal employees to help cover the busy holiday season.
In the last week before Christmas, UPS estimates that they will deliver over a 120 million packages throughout the world. Between Thanksgiving and Christmas, FedEx expects to deliver more than 260 million packages around the world. Both of these estimates are up significantly from their projections last year.
Why Companies Hire Temp Workers
There are many reasons why companies choose to hire temporary workers. In fact, while the majority of temporary workers will be hired during the holiday season, there are some companies that hire temps throughout the year. The main reason a company chooses to hire temps is because it is much cheaper labor for the company.
A temporary employee can be paid less than a full time or even a part time employee. In addition, a company does not have to offer temporary employees any type of benefits. The job description for temporary employee’s states that the job is not permanent and for this reason the company can get by with paying the employee less and can terminate the position at any given time.
In the United States, hiring temporary employees using temp agencies is on the rise. Large companies see the benefits of using this form of employment for their business. However, one of the issues with this is that the people working temp jobs are not offered job security in any way. This means that they may have a job temporarily, but can lose it at any time. This can be harmful to the economy overall.
Canadian business loans are a standard part of doing business in Canada. Lots of small businesses in Canada look to the Business Financial Services to get working capital when they are looking at big growth opportunities or have urgent business needs. Of course, Business Financial Services isn’t the only place to go, but it’s a good example of where to turn. This organization gives Canadian business owners easy and quick access to the capital that they need. With a Canadian merchant cash advance or a Canadian small business loan, you can get anywhere from a couple of thousand dollars to over two million dollars – and in all in less than five business days.
Financing products from this organization are great for Canadian companies, service companies, retail stores, restaurants, and contracting businesses. They help those companies to get additional capital to cover unplanned business expenses, upgrade equipment, buy inventory, and get more capital for anything that they need to grow the business in any way. This organization has more than one decade of funding experience, and they can help you with financed that meets the needs of your Canadian business.
Qualifying for business financing for your business in Canada is easy if you have a service business, retail store, or restaurant, an average $3,000 monthly bank balance, or $4,000 in monthly credit card sales, or you have been in business in Canada for at least nine months. If you meet all those of qualifications, you may be eligible to get financing from that organization. Even if you have a less than perfect credit history, a merchant cash advance or small business loan can be a great alternative to help meet your business financing needs.
You can grow your Canadian business. You don’t need to sit around and wait for financing to happen. You can get a loan if you meet certain criteria.
What is Business Financial Services?
It’s the preferred funding source for new businesses in Canada. There’s a reason why a large number of Canadian businesses have turned to Business Financial Services. It’s been a leader and funding source in the industry for over a decade, and they’ve helped small to mid-size businesses of all kinds to get advertising, renovation, equipment, and inventory. If your business needs a boost in cash flow, and you don’t know where to turn, look Business Financial Services. That organization helps businesses come up with financing solutions for their business clients so that they can thrive in an economy that grows worse and more complicated every day.
While small Canadian businesses may need lines of credit, bank loans, or equipment leases as the kinds of funding solutions they want, today’s economy necessitates very difficult lending standards that have made it way too hard for small Canadian businesses to get the loans that they want. Look to Business Financial Services first and other organizations second when you have a business in Canada that needs a funding source.
Working capital for contractors is excellent for helping contractor businesses grow when they run into trouble with cash flow or business expansion. You can get your money right away – and not have to wait one month or two months.
Contractors in all sorts of related industries can take advantage of accounts receivable loans, and they include carpenters, excavators, flooring specialists, paving companies, and plumbing companies. There are literally dozens of industries and related businesses that can take advantage of accounts receivable loans for contractors.
Are you a contractor or construction project manager, but you don’t have the money you need for critical business operations? You may have trouble covering payroll, not have enough cash to spearhead your company growth, or you may not be able to take on new jobs or retain loyal customers. That can be frustrating for a contractor, and accounts receivable loans are the solution to help your business going full force and full steam ahead. You may not have the ability to use material discounts when you would otherwise buy in bulk. You may have had a big job use up all the available cash you had. If you’re having problems of this sort, then look into accounts receivable loans for contractors.
The cash resources that can fuel your business are right at your fingertips. Hopefully, you can find a company that understands the needs of contractors. Commercial construction is a complicated process, and sometimes it helps to go straight to an accounts receivable loans provider instead of to the bank. Why would you work with a financial institution that doesn’t understand your business? You need to choose a financial institution that understands commercial and sub-contractor funding.
Contractors in all sorts of related industries can take advantage of accounts receivable loans, and they include carpenters, excavators, flooring specialists, paving companies, and plumbing companies. There are literally dozens of industries and related businesses that can take advantage of accounts receivable loans for contractors.
What are the differences between a bank loan and construction factoring? With the latter loan, you use your customer’s credit as a kind of leverage to get the loan. A bank loan is typically based on your assets and your wherewithal in being able to pay the loan back. When you do factoring, your growth potential is based on the number of customers you have, and your potential is almost unlimited. If you have more credit-worthy customers, you can get more money.
Accounts receivable loans can be used for locally-owned businesses, female-owned businesses, businesses hit hard by the recession, and others. These kinds of loans are used to offer working capital for contractors so they can reliably execute their governance regarding their construction-related projects. These kinds of loans for contractors are a standard part of the business, and there is nothing to be ashamed of in getting these kinds of loans.
Situations that these financial institutions can help overcome include working with businesses who have had a short spell in the business, bankruptcy, and judgments against them. These kinds of loans are vital if you want to push your contractor business into a new tier of success. If you are unable to finance your business, let accounts receivable loans help.
Are you a contractor in need of working capital? Click here
