SMB Compass Blog
Check out the latest industry news and trends
U.S. Cities That Have Gained and Lost the Most Businesses
| Share on Facebook Share on Linkedin 𝕏 Share on Twitter Contents Key Takeaways There are many reasons why some cities see more businesses openings and closures than others. State population, accessibility to major cities, and economic standings all play a large part in how well businesses perform. But which U.S. cities have gained and…
Asset-Based Line of Credit: How to Know If It’s Right for Your Business
| Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways Asset-based lines of credit rely mainly on the value of the collateral presented by the borrower, which usually includes real- estate, inventory, and equipment. One of the surefire benefits of an asset-based line of credit includes faster approvals and funding than traditional…
Reviewing Accounts Receivable Factoring Agreement: 9 Things to Check
| Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways Accounts receivable factoring agreements outline the terms, conditions, fees, and other details for the accounts receivable factoring. Business owners must review it before signing the document. When reviewing your invoice factoring agreement, be sure to check for the name of both parties,…
A Guide to Invoice Factoring for Small Businesses
| Share on Facebook Share on Linkedin Share on Twitter Contents Dozens of unpaid invoices can put a dent in small business cash flow. Since your clients don’t usually pay you right away for the goods and services rendered, invoice factoring can provide immediate funding so you can continue to pay for payroll, utilities, and…
Facts About Inventory Loans for Small Business
| Share on Facebook Share on Linkedin Share on Twitter Contents Inventory loans for small business is ideal for enterprises dealing with rapidly moving inventory and expanding working capital. An entrepreneur should take the time to understand what this financing option is, how it can help, and what it requires from the borrower. Defining Inventory…
Factoring Invoices Pros and Cons: An In-Depth Look at the Mechanics of Invoice Factoring
| Share on Facebook Share on Linkedin Share on Twitter Contents Invoice factoring is a type of financing that allows entrepreneurs to advance cash against the value of their accounts receivables. In other words, you take out a loan ahead of the cash that you’re yet to collect from your customers or debtors.Let’s define invoice…