Printer Friendly
The Free Library
14,505,492 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Small business financing options.


THE ARTICLE "FINDING CASH FOR YOUR BUSINESS" IN THE February February: see month.  2005 issue was very informative. However, I'd like to note that there are additional funding options out there.

Surprisingly, most of us are not aware of options like accounts receivable financing Accounts Receivable Financing

A type of asset-financing arrangement in which a company uses its receivables - which is money owed by customers - as collateral in a financing agreement. The company receives an amount that is equal to a reduced value of the receivables pledged.
, cash advances, private-money and hard-money lenders, asset-based lending Asset-Based Lending

A business loan secured by collateral (assets). The loan, or line of credit, is secured by inventory, accounts receivable and/or other balance-sheet assets.

Also known as "commercial finance" or "asset-based financing".
, equipment sale-leasebacks, and unsecured loans Unsecured Loan

A loan that is issued and supported only by the borrower's creditworthiness, rather than by some sort of collateral.

Notes:
Generally, a borrower must have a high credit rating to receive an unsecured loan.
. These options may be more expensive than traditional bank loans, but they can offer faster funding with less stringent guidelines guidelines,
n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks.
 when cash flow needs are prominent.

To learn more, small business owners should contact a local business-financing consultant or broker. The benefit of having a broker is that someone else takes on the time-consuming task of locating financing while you focus on the daily operations of your business. As in any profession, there are some bad apples out there, so be wary.

Danielle Dupree, CEO/Broker

1st Choice Financial L.L.C

Rockville, MD

dddupree@funds4yourbiz.com
COPYRIGHT 2005 Earl G. Graves Publishing Co., Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Letters
Author:Dupree, Danielle
Publication:Black Enterprise
Article Type:Letter to the Editor
Date:May 1, 2005
Words:151
Previous Article:Insured for life?(Letters)(Letter to the Editor)
Next Article:Corrections.(Correction Notice)



Related Articles
Tenant-financed shopping centers on the rise.
Canadian Committees Address Broad Array of Issues.
A buyer or leaser be? small business traits. (Business Briefs).(Brief Article)
Directory of AICPA selected services.(Directory)
Directory of AICPA selected services.(Directory)
Directory of AICPA selected services.(Directory)
Beware U.S. tax rules on grants to foreign organizations.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles