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Posts By: Robinn Mikalic

Do you have a business plan for your company?

When starting a business you must have a clear vision of your purpose and goals for your business.  The best way to do this is through a business plan; a written organized layout for how you want your business to start, perform and excel. With a great business plan you will be able to search… Read more »

Business News Daily Endorses Factoring

Need cash? Consider selling your accounts receivable. While approaching a lender is the most common way to raise capital, it’s not always the best or most viable solution for a small business. If a bank loan isn’t an option for your business, factoring can help. Factoring is the purchase of a business’ accounts receivable. Large… Read more »

Wall Street Journal Posts Tips on Factoring

Companies facing a cash-flow squeeze and slow-paying customers often sell their invoices or accounts receivable to specialized companies called factors. The factor advances most of the invoice amount — usually 70% to 90% — after checking out the credit-worthiness of the billed customer. When the bill is paid, the factor remits the balance, minus a… Read more »

Do you have the “Sweet 16” traits that top entrepreneurs have to start your own business?

    Starting a business is complex and time-consuming; the factoring expert is here to help.  The process can be frustrating, especially if you do not see an immediate profit. Successful entrepreneurs come from different backgrounds and start companies in varying industries, but they share common principals that are key in weathering the difficulties of… Read more »

Victory Day 2014

  On September 27th, 2014, my son and I were fortunate to be a part of the second annual Victory Day at Bishop Eustace Preparatory School in Pennsauken, NJ.  My son is a member of the BE football team and it was a rewarding day for all.   Former Eagle’s Football player and legend Vince Papale spoke about the… Read more »

Do you have the “Sweet 16” traits that top entrepreneurs have to start your own business?

Starting a business is complex and time-consuming; the factoring expert is here to help. The process can be frustrating, especially if you do not see an immediate profit. Successful entrepreneurs come from different backgrounds and start companies in varying industries, but they share common principals that are key in weathering the difficulties of running a… Read more »

IFA Northeast Chapter 2014

Avila Beach, CA – February 7, 2014 – The International Factoring Association (IFA), the largest association of commercial finance companies in the world, announced the formation of the Northeast Chapter (the “Chapter”). The Chapter will serve factors, asset based lenders, other receivables finance companies, as well as service providers from Massachusetts to northern Virginia. It will… Read more »

What Types of Businesses Factor?

Key Businesses for Factoring: A business that needs cash now, that traditionally cannot get financing at a bank is a prime candidate for factoring.  They need to have receivables, and they need to be a B2B type business. Here are some great examples…. First Tier Trucking: Freight Hauling, Dirt Hauling, Water Hauling, Refrigerated Transportation, Freight… Read more »

The Secured Lender – October 2014 now available

The Secured Lender The Secured Lender is devoted exclusively to the asset-based financial services and factoring industries. Readers look to The Secured Lender to keep them informed and current about everything related to commercial finance and now TSL is better than ever! In TSL you will find more info about the industry, the people, the… Read more »

Women Are Driving Business But Cannot Borrow to Fund Growth

Women business owners may be the driving force behind economic growth, but they still have considerable trouble funding their operations. According to the 2014 OPEN State of Women-Owned Business report, women are responsible for approximately 40 percent of new businesses. However, banks continue to decline women-owned businesses for financing. There are a number of potential… Read more »