How to Ask Friends to Invest in Your Business

how to ask friends to invest in your business

I have always believed that the best way to finance a business is through self-financing. It has a number of advantages, if you can afford it. The most important one is that you have complete freedom to run your business as you see fit. You don’t owe anything to anyone. As a matter of that, […]

How I Financed My Startup

Commercial Capital LLC

I have started writing posts about my experiences launching Commercial Capital LLC, my factoring company. My last post covered how I changed industries to launch the company. In this post, I am going to tell you how I financed the company. By the way, this is not a tale of interminable venture capital pitches or […]

Financing a New Company by Factoring Invoices

factoring financing for startups

Startups that work in the business-to-business space often run into cash flow problems because business clients often pay invoices on net 30 to net 60 days. Few entrepreneurs account for this issue in their financial forecasts – but it can have a real and serious effect. This problem can often affect cash flow when the […]

How To Finance Growth After a Successful Kickstarter Campaign

winning big in a kickstarter campaign

Let’s assume that you have a great product that you want to launch. It solves a very specific problem, has mass appeal, and is destined for success. If you are like most entrepreneurs nowadays, you will create a crowdfunding campaign to see if your product has traction. Entrepreneurs do this every day through well-known platforms such […]

Should I Ask Friends and Family to Invest in My Business?

friends and family investing

Finding the right type of business financing – or any financing, for that matter – is one of the greatest challenges that entrepreneurs face. Unfortunately, a brilliant business plan (or idea) won’t help you much unless you have the money to launch the startup. Asking your friends and family to invest in a business is a […]

Financing Medical Offices, Nursing Homes, and Other Healthcare Businesses

medical factoring settlement

Although companies in the healthcare industry have seen a rise in demand, they have also experienced a rise in financial problems. These problems stem from the fact that most healthcare businesses have a number of immediate expenses. Unfortunately, attending to patients is expensive. The healthcare provider must pay for: Office space or a clinic Day-to-day expenses […]

How Construction Subcontractors Can Finance Their Companies

construction factoring

Most small and midsize construction subcontractors don’t have access to business financing. Sure, they need it and could use it. But it’s simply not an option. The main reason is that most subs are not adequately prepared to meet bank financing requirements – such as providing business plans, balance sheets, forecasts, etc. To complicate matters, most banks […]

Financing Purchase Orders with an Innovative Option

purchase order financing transaction

One of the biggest challenges for a small distributor is handling a large purchase order. Sure, most people agree that large orders are good. The problem is that large orders come with large expenses. Most small distributors don’t get credit from their suppliers and need to pay upfront. However, their clients often ask for 30-day terms. […]

Self-Financing Your Business. It’s up to You

Business plan

Finding a way to finance their business is one of the biggest challenges for an entrepreneur. Obviously, without money, you won’t be able to execute your business plan and start your company. The media is full of stories of entrepreneurs getting funded through venture capital, angel financing, or other external sources. The popularity of these stories […]

Financing for Property Preservation Companies

Closeup Contractor Tool Belt

The property preservation industry has grown at an unprecedented rate in recent years. This growth is a direct result of the real estate bubble that burst in 2008. Banks ended up repossessing a number of homes and becoming, in effect, property owners. The problem is that a number of these properties were returned in a state […]