Image credit: Sonny Ross How you apply and get approved for a business loan has radically changed, here’s why: If cloud...
Mounting debt can make running a successful business incredibly difficult if not managed correctly. While most businesses carry a certain level of debt, escalating debt can quickly run out of control leaving you and your business in a perilous financial situation. SEE ALSO: Can you afford this loan? Learn about debt-service coverage [...]Steven McMeechan
“The future of business lending is one without paperwork and automated approvals.” Is the future already here or are lenders just pretending in a bid to lure customers in? Amongst the sea of copy cat jargon, it’s not uncommon to hear lenders touting online applications, same day approvals, deal direct with the lender [...]Team Waddle
Invoice Factoring has been a staple financing option for companies with slower cash conversion cycles, but there’s a catch. Though it seems quick and painless, factoring companies often cut deep into profits, taking up to 20% of total sales. Before you factor your invoices, consider the true cost, avoiding shiny headline rates. SEEL [...]Team Waddle
It’s no secret that growing a wholesale business means offering credit terms. The juggling act begins when cash conversion from sales slows down, as creditor payments become stretched. SEE ALSO: Got An Inventory Purchasing Strategy For EOY? Here’s What You Need Getting customers to make their payments on time is critical to improving the [...]Team Waddle