Creative Business Finance brokers to many prominent lenders, including specialty finance and private lending resources. After significantly increasing their lending in 2013, most organizations seem poised for another banner year. The following is a list of a few of the lenders we work with, and their 2014 projection of funds that will be available for us to assist businesses finance working capital, equipment, and/or commercial real estate. If you would like to receive assistance on your business needs please contact us at (720) 446-5626 and your application will go to more than 20 lenders and maybe up to 100.
Deciding between equity financing and taking on a loan for your business is a challange for all small business owners when they need capital to expand a business. Should you go to a bank and apply for a business loan? Or should you look for an investor?
Consider the advantages and disadvantages of each to determine which type of financing is best for your business:
Equity financing: Having an investor write you a check may seem like the perfect answer if you want to expand your business but don't want to take on debt. After all, it's money without the hassle of repayment or interest. But the dollars come with huge strings attached: You must share the profits with the venture capitalist or angel investor.
Advantages to equity financing:
Disadvantages to equity financing:
Debt financing: The business relationship with a bank that loans you money is very different from a loan from an investor -- and requires no need to give up a part of your company. But if you take on too much debt, it's a move that can stifle growth.
Advantages to debt financing:
Disadvantages to debt financing:
Most businesses opt for a blend of both equity and debt financing to meet their needs when expanding a business. The two forms of financing together can work well to reduce the downsides of each. The right ratio will vary according to your type of business, cash flow, profits and the amount of money you need to expand your business.
For information on debt financing contact Steve Felt at (720) 432-9118 or email@example.com
Despite the challenges, we believe that medical equipment leasing is beneficial to hospitals, health systems, and other health care organizations, and that the medical equipment lessors who truly take the time to understand the considerations in the industry will be able to continue serving it.
What is more, we believe that some outcomes of the Affordable Care Act will have a positive impact on hospitals’ financial positions, making them more favorable to lessors. For example, access to affordable insurance will reduce focus and spending on collections from self-pay patients, saving providers time and money. Additionally, Medicaid expansion is likely to improve financial performance for most providers and could spur increased utilization by previously uninsured patients. As medical equipment lessors, an improved financial position of hospitals would be a positive change. A stronger position is good news on all fronts: for the hospitals, for the patients, and for the health care equipment leasing industry.
Beyond that, the benefits of leasing medical equipment for customers still remain. As always, better, faster, newer equipment continues to transform patient care – enabling quicker and more accurate diagnoses and treatment.
The Benefits of Leasing Medical Equipment Include:
To get started and discover your options please contact Steve Felt at (720) 432-9118 or firstname.lastname@example.org
In today’s economic environment, managing your accounts receivable has become more important than ever. A company’s cash flow is the backbone of every business large and small. The current economic situation has caused many businesses to search out new procedures to adjust. This “adjustment” has been the primary driver for the surge in the number of financially strapped companies we see.
With constant pressure to show revenue growth and profitability, businesses can’t afford to ignore their trade receivables. It has been shown that when businesses relax their payment and credit requirements they are likely to experience a significant reduction in cash flow and a decline in the profitability of their business.
With a Factoring company’s Account Receivable Financing Services, managing your accounts receivables so that you receive final payment is paramount.
The Benefits of Factoring Invoices
As a major part of a Factoring company's weekly processes, the team constantly monitors invoices within the past thirty days. They place customer service calls and send past due reminders via email to the accounts payable managers. If your customer is missing an invoice or any supporting documentation, the Factor will immediately forward that information to them electronically. This process guarantees a quick return of payment on your invoices without creating the cost of hiring an account manager.
Other benefits of this process are that factoring can help you manage your credit risk. With a factoring company monitoring the information available through credit reporting agencies we are able to determine credit risk of doing business with both new and existing customers. Determining credit risk before you engage in business with a new customer is critical. Future credit losses can often be avoided by performing a brief investigation of a potential customer’s credit history.
Factoring your Accounts Receivable not only facilitates cash flow but also mitigates unnecessary credit risk, the implementation of mechanisms that reduce the frequency of past due accounts and increase the frequency of invoice payments.
With loan officers in Alaska, Arizona, Colorado, California, Florida, New Jersey, New Mexico, North Dakota, and Pennsylvania, Creative Business Finance is gradually becoming a nationwide leader in Invoice factoring solutions for small to medium size businesses. We can factor invoices in virtually every industry including oil and gas, construction, medical, staffing, transportation and more. If you would like more information please contact us at (720) 432-9118.
Stephen Felt is the Managing Director of Creative Business Finance, LLC and writes or reposts information from other sources for this blog.