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| 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 bank…
| 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,…
| 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…
| 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…
| 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…
| Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways Asset-based finance or asset-based lending requires borrowers to put up collateral to qualify. Some of the most common collaterals you can use are real estate, accounts receivables, heavy equipment, and inventory. Note that lenders won’t offer a fixed interest rate for asset-based…