Having won a state contract with the Department of Natural Resources, a contractor whose business had slowed down was suddenly confronted with a good problem: Contracts. The only tough part was that his bank lines had been curtailed with the economic slow down meaning, he was challenged to fulfill and perform with no working capital. [...]
Money $marts Food For Thought
Deal of the Month: Contract Mobilization: A Story of True Grit
Jul 29th, 2010 | By Ernie Brown | Category: Deal of the Month, Loans, Money $marts Food For ThoughtTrue or False: To sell a payment stream, good documentation is always required.
Jun 2nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: Lease back payments offer the advantage of a direct tax write-off.
Jun 2nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: A hard money loan doesn’t require a personal guarantee.
Jun 2nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: With an IRS lien, your company is dead in the water if you need to access working capital.
Jun 2nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: When a factor advances 80% of an invoice to their client that is all of the money from the factor?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: Factoring is the lending of money using an invoice as the collateral?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: Factoring requires a personal guarantee AND requires the pledging of all personal and business assets to the factoring company?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: There is only one type of factoring program available to companies that want to factor?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtWhen a customer of a factoring client does not pay or pays late the factor puts that customer into a collection mode and begins harassing that customer thus putting the factoring client at risk of losing that customer?
