Factoring is a financial agreement and a kind of debtor finance where a business (including a small business) sells its invoices (i.e., accounts receivable) to another party (known as the factor) at a diminished rate or discount. This is done with receivable assets in order to meet the immediate and present cash needs of a business. …Read More
Survival of the fittest – we’ve all heard this phrase connected with Charles Darwin and his book “On the Origin of Species”. Darwin talked about a theory of natural selection, but it was actually Herbert Spencer who coined this phrase after reading Darwin’s book. Spencer compared Darwin’s biological concept into an economic one. Basically, a business must be …Read More
Obtaining capital as a small business can be a challenge, especially when starting out. A strong credit profile allows business owners to negotiate better payment terms, borrow money at lower interest rates, and have greater control of their financial dealings. These five steps help business owners achieve a strong credit profile in no time.
REVIEW BUSINESS CREDIT …Read More