Startup Capital: Small Business Bank Loans
One of the most common sources of business financing are traditional bank loans. The following are pros and cons to getting a small business loan from a lending institution.
FACTOR KING® gives you the ability to determine those customers you would like factored and which invoices you want funded. The option is always yours, your decision- your way.
When working with FACTOR KING®, you will have the cash to expand your business to the next level. FACTOR KING® remains on call 24/7 to provide you with the fastest possible form of funding.
Knowing you will receive funds from FACTOR KING® allows you to balance your financial obligations. Spend your time growing your business. Concentrate on building not juggling.
FACTOR KING® reduces the liability your business takes by lowering bad debt risks. Our world class credit department works along side you to help you establish client credit limits and terms.
With FACTOR KING'S automated online system you have the ability to manage accounts & submit invoices 24/7. Our online system has been built from the ground up to allow you continuous access.
All FACTOR KING® clients receive personal and professional support on analyzing customer accounts. By utilizing proprietary algorithms that have been developed in house FACTOR KING® gives you the solutions necessary to succeed in today's environment.
Unlike competitors, FACTOR KING® guarantees the no extra charge concept. What you see is what you get. Finally a factor that understands that your financial health is key to our success.
Working with FACTOR KING® gives you a partner who will share your accomplishments without the burden of meeting monthly factoring minimums and long term contracts.
FACTOR KING® specializes in purchasing invoice receivables. Concentrating our efforts enables us to be recognized as a top ranked industry leader. Partner with FACTOR KING® today, your first step to financial success.
FACTOR KING® gives you access to key financial reports 24/ 7 enabling you to concentrate on your business. Information is power and FACTOR KING® always delivers with our world class A/R reporting platform. Call a FACTOR KING® specialist today for a free demonstration.
One of the most common sources of business financing are traditional bank loans. The following are pros and cons to getting a small business loan from a lending institution.
Sufficient startup capital is key to the success of a new business. Whether you borrow from family and friends for a small business with minimal startup costs or seek venture capital and business bank loans for a large organization, it’s important to have a plan to pay it back before starting the application process.
According to Frank Skelly of Factor King®, a New York based finance company, ”In today’s economy, it’s more important than ever for small businesses to manage their cash flow effectively to ensure their short term debt doesn’t outgrow their receivables. This includes having a comprehensive business plan that outlines how to manage their growth”.
There are many options available to businesses seeking a capital infusion to get off the ground. In this series of articles, we explore sources of new business capital and important considerations for each.
Sources of New Business Capital
Stay tuned for next week’s article about traditional bank business loans in this series of posts dedicated to start-up capital!
Available Articles: Startup Capital: Small Business Bank Loans
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About FACTOR KING®
Did you know that Factor King® offers a quick and easy way to get cash for your business? Factor King is a direct financial service provider that specializes in the Factoring of invoice receivables for companies that maintain commercial accounts receivables. Simply put, the only criteria is that your receivables be from other businesses - no lengthy application process, no changes to your business operations, and no risks to personal relationships. Apply now to convert your company’s assets into immediate cash!
Approximately 70% of small businesses in the U.S. use credit cards to pay expenses. Of those, almost half use cards for ALL expenses. If you're using a credit card for your company, there are many things to consider.
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