Busting Myths About Asset Based Lenders: Part 2
Asset based lending is a great tool your business can utilize to meet its financing needs. An asset based loan (ABL) uses company assets, such as accounts receivable or inventory, to secure the loan. ABLs can either be loans or lines of credit, but most are structured as lines. Despite asset based loans being a […]
Busting Myths About Asset Based Lenders: Part 1
Asset based lending is a great financing alternative your business may be able to utilize to meet its business goals. An asset based loan (ABL) uses company assets, such as accounts receivable or inventory, to secure the loan. ABLs can either be loans against fixed assets or lines of credit, but most are structured as […]
How Company History Impacts Credit-Worthiness
Most companies need to borrow money from time to time in order to grow their business. They might need a loan to expand operations or purchase inventory to fulfill customer orders. Whatever the reason, they must first be approved for a loan by the lender before they may borrow. What can a business do to […]
Borrower Beware: Online Lenders
Recently, one of our borrowers informed us that they had applied for an online direct loan with one of the major companies involved in this growing industry, which analysts say has doubled in size each year since the 2008 recession. Per requirement of our loan documents, our client notified us that they were searching for […]
Working With Your Sales Team to Set Effective Goals for 2017
Yes, it’s that time of year again. Reflecting on 2016 and planning for 2017. For any business leader setting effective new revenue goals for the year ahead can feel like playing a game of darts with a blindfold on unless you have good structure around your goal setting efforts.
Which Comes First … the new business or the new hire?
You know the story. Your employees are busy and they believe they can’t do any more. You push a little harder and they meet, and often exceed, your expectations. You put new processes in place. Teammates learn new procedures while maintaining their current workload. Priorities change and you have to keep the team focused on […]