The Factoring Loan

• 31Jan

  Business Loan Alternatives and Options

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  Marco Terry asked:
  
  
  After weeks of answering questions, providing endless financial statements and playing the “hurry up and wait” game you find out that your banker is unwilling to give you a business loan.
  
  Now what? Do you go to another bank and try again? Possibly. But most banks have similar lending criteria. If you did not qualify for a loan at one bank, your chances are not good that you will qualify for a loan at another place. Though it doesn’t hurt to try.
  
  However, there are other financing products that are easy to obtain – and in some instances – work better than a business loan. Here is a very simple quiz:
  
  Does your business:
  
  
  
  Have commercial customers?
  
  
  
  Invoice at least $10,000 a month?
  
  
  
  Is your biggest challenge:
  
  
  
  Waiting up to 60 days to get paid by clients?
  
  
  
  Paying suppliers?
  
  
  
  Meeting payroll?
  
  
  
  If this describes you, then you could be a good candidate for either factoring or purchase order financing. As opposed to bank loans, these two financial alternatives are easy to qualify for. The biggest requirement is that you do business with strong commercial customers, such as big companies or the government.
  
  Factoring is ideal for business owners that cannot afford to wait up to 60 days to get paid for their invoices. Factoring provides you invoice based financing, giving you the money you need to pay rent, suppliers and meet payroll. As opposed to bank loans, factoring has no upper limits. The amount of money you get is based on your invoicing. The more you invoice, the more financing you qualify for.
  
  Purchase order financing is ideal for distributors, wholesalers and re-sellers that have large purchase orders that they cannot afford to fulfill. Under a purchase order financing arrangement, the financing company pays your suppliers on your behalf and helps ensure proper shipping of the goods. The transaction is settled once you invoice your customer and they pay.
  
  Both factoring and purchase order financing can provide you with the financing you need to take your business to the next level.
  
  
  
  Are you Bargain Shopping for your business? Pro-Bargain Hunter is the chosen source for hassle-free, unbiased best deals. Whether you are looking for Commercial Financing, Web Services, Telecommunications Products or Construction Equipment Pro-Bargain Hunter has it covered. Hot Categories: Invoice Factoring * Purchase Order Finance * Equipment Leasing Commercial Mortgage

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  Tags: Business Owners, Invoicing, Loan Alternatives

• 31Jan

  PLEASE please help a high school graduate with advice regarding college. really need your help. thanks a lot?

  Uncategorized 3 Comments
  

  Sharon asked:
  
  
  Hello all,
  I just recently graduated from high school and yes, i haven’t started college yet. I know that i should atleast enroll and take up basic courses to figure out what interests me the most, but i really don’t want to waste my time and money because i know for sure nothing interests me. Trust me on that. Anyway, after doing some soul-searching, i have come to the conclusion that i want to major in international business. ..only because i have a small interest for business related stuff. For some reason, i keep having doubts about it because people are saying it is too broad of a major and that i should do something more like commerce or finance instead. Can someone please explain to me what international business is in depth? I want to have a clear and concsise idea of it before i make up my mind. I would like to major in something that is going to flourish in 2012. I know nobody can predict what is going to be a growing career then, but we still have a vague idea of booming careers, right..? I was also thinking…technology, but i heard most jobs are being outsourced to foreigners. I will appreciate any advice given. Thanks. Please don’t say go to college and take a couple of classes to see what interests you. I really just need some helpful advice, which i have nobody around home to give me, so Y!Answers came to mind. Thanks everybody.
  
  For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

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  Tags: Doubts, International Business, Jobs Are Being Outsourced

• 31Jan

  Essential Tips While Using a Merchant Account

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  Jack Chevalier asked:
  
  
  ?
  
  Earlier it was hard to get a merchant account that is well tied to your electronic shopping system. But nowadays, almost every company is ready to give you a merchant account. Whether you are a large business with a physical location, or a small business operating only online, you can easily get a merchant account. Currently, there are various merchant account providers available for businesses.
  
  When shopping for a merchant account, it is important that you get clear numbers on up-front fees, monthly fees, credit card percentages and costs per transaction. Be careful to get the merchant’s definition for a “transaction,” like whether obtaining authorization only constitutes a transaction or it includes processing a return also.
  
  If you are owning a large business or do a lot of sales each month, then your own merchant account is the best answer for you. It can save your money in the long run. But if you are just starting out with an online business, then a third party merchant may be the right choice for you.
  
  ?
  
  Usually, third party vendors handle all the background details, pay the monthly fees, assume the risks of fraud and charge backs. These merchants will handle all the security part which your customers will expect when shopping online. While the monthly fees may be a bit higher, you need not pay any set up charge, gateway fees, SSL charges and also the shopping cart set up.
  
  ?
  
  You can choose the service you want and then, they can give you simple HTML code to add to your site or allow you to use “buy buttons” or both depending on the service chosen. The fees generally range between 5% and 13.5%. Few companies charge a set up fee and a per transaction fee.
  
  If you want to offer your customers a convenient way of making a payment with a credit card or electronic check, you’ll have to apply for a merchant account. Setting up a merchant account is very simple and affordable too. With the emerging new technologies, online payments through merchant accounts have evolved as the most convenient payment mode for customers.
  
  
  
  Are you Bargain Shopping for your business? Pro-Bargain Hunter is the chosen source for hassle-free, unbiased best deals. Whether you are looking for Commercial Financing, Credit Card Processing Services Web Services, Telecommunications Products or Construction Equipment Pro-Bargain Hunter has it covered. Hot Categories: Invoice Factoring * Purchase Order Finance * Equipment Leasing Commercial Mortgage * Credit Card Processing Services * Professional Collection Services

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  Tags: Physical Location, shopping online, Shopping System

• 31Jan

  Internet Merchant Account Providers: the Effect They Can Have on Your Profits

  Uncategorized No Comments
  

  Michael Rupkalvis asked:
  
  
  If you run a small company, similar to several ones on the net, there could be a considerable reduction in your profits if you don’t make a prudent choice  while deciding on your internet merchant account provider! This is equally true of larger concerns.
  
  Lara Coleman, who sells software downloads on the internet, ended up with less money  than she had bargained for, after she settled all her dues.
  
  So Lara met with her accountant, Bill, at their review meeting, annually. Bill showed her how she was paying more in fees, and how her present internet merchant account was harming her, with its terms and conditions.
  
  If you own or have ambitions of starting an internet business, you need an internet merchant account to receive money from your clients.
  
  Buyers on the net employ their cards to pay for what they bought. This is routed by means of a payment gateway, on your internet site. This gateway makes possible communication between the site you purchase from and the credit card processor, by transmitting details of what is bought and on the card.
  
  Make certain that you choose a provider who will do what is necessary to unite the merchant account, payment gateway and your website.
  
  Credit card transactions are fraud prone, if the payment gateway is not a secure environment. So, find a established provider who will make sure the payment gateway is secure.
  
  Getting down to brass-tacks, all companies have fixed and variable costs. Nearly all expenses, whether rental or payroll, are not under your control. But,  how much you spend on you merchant account is within your control.
  
  These costs can start with the payment of a fee to verify your request for their services.Ignore any internet merchant account for which you have to pay when you make a request.
  
  In addition, almost all providers bill you between ten to twenty five dollars as the minimum you have to pay; you have to pay this, even if you don’t sell anything that month.
  
  If the provider is adamant on your taking a long-term contract , look for someone else. In doing this, you can escape paying an agreement fee in the beginning, and a cancellation charge ($200-$500), in case you  decide to opt out before the expiry of the contract period.
  
  There are also some providers who require a membership fee be paid. This is also known as a risk assessment fee and varies between $30 and $300.
  
  We would recommend you to pick a provider who does not ask you to pay any of the fees just mentioned .
  
  Nearly all providers impose a transaction fee of $0.25  on each credit card transaction processed . The varying component, termed the discount rate, usually ranges from 2.25% to 2.40% percent on all transactions. If you can find a provider who charges below 2.25%, you would gain a lot, in the course of your business.
  
  Further, you also have a monthly statement fee or a bank fee.   Avoid any provider  who charges more than $10-$15. Further, beware of other concealed charges, such as a charge on refunds processed.
  
  Small businesses typically  have a thin profit margin, especially after you provide for the fixed expenses. As you have seen, lots of providers compel you to sign a long term contract  and charge unwarranted fees,  like,  fees when you enroll or discontinue, and overcharge on transaction fees and discount rates. Therefore, what profit will be left, if a large share of it is spent as your merchant account costs?
  
  And if you operate a larger business online, it makes sense to choose the right internet merchant account, get the best deal, and increase your profits.
  
  
  
  Are you Bargain Shopping for your business? Pro-Bargain Hunter is the chosen source for hassle-free, unbiased best deals. Whether you are looking for Commercial Financing, Credit Card Processing Services Web Services, Telecommunications Products or Construction Equipment Pro-Bargain Hunter has it covered. Hot Categories: Invoice Factoring * Purchase Order Finance * Equipment Leasing Commercial Mortgage * Credit Card Processing Services * Professional Collection Services

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  Tags: Merchant Account Payment, Starting An Internet Business, Variable Costs

• 31Jan

  Trucking Companies- Break through Your Cash flow Crisis with Freight Bill Factoring

  Uncategorized No Comments
  

  Kris Koonar asked:

  In any business, finance is usually the most wanted and the one thing that is exhaustible. Trucking is a business that requires quite an amount of investment. It is not bulk investment that is required but at times when the customer has a credit limit of 30 or 60 days, is when you might face a financial crunch. It is only fair in any business that you give credit to your clients, and they pay you at a later time.

  But within that period if you have a new load to take care of and face a shortage on finance, then that poses a problem! There are so many things you need to have money for, like, fuel, additional salaries, insurance, maintenance and repairs, and other unseen expenditures. This is a crucial time when you cannot afford to wait for a month, as it has a negative impact on your trucking business. It is not a cheap affair to keep your truck running, and in business. Steady cash flow is a must and a requirement.

  But there is one thing that can promise you not only steady cash flow, but cash at even lower interest rates than normal banks. It is normal procedure for all freight customers to give an advance on the load so that you can utilize the same for fuel and other expenses. But sometimes, that advance amount is quite a minor amount and is not sufficient to keep your cash flow well balanced. And an advance is not a permanent solution to the problem.

  At this time what really comes handy is freight bill factoring. It is a long term and sure shot solution to ensuring a great and smooth cash flow. What you need to do is sell your freight bills to a factoring company that gives you immediate payment. This is fantastic! You can actually overcome so many financial problems just by selling your invoices. The money is constantly rolling back in, and this way you can take care of your business in the smartest way possible.

  Whether you are a small or big trucking company, it helps your business to grow and flourish. Truckers are in fact so busy with either driving or managing a fleet of trucks that it is simply taxing for them to sit down with invoices and bills. They need all their spare time to devote to breakdowns and take care of the running and smooth functioning of the trucks. There are plenty of genuine freight bill factoring companies in the US and it should not be a problem for you to get the right one.

  And now with the Internet, many factoring companies allow you to access all kinds of information at the press of a button. Any kind of reports, last payment, amounts, etc, are all there. You should ensure that you check out the company and the agreement so you can make sure that you get a good deal. As much as you need them, they need you too- so be smart!

  For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

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  Tags: Business Finance, Interest Rates, Money

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