16Sep

Taking Your Business Online? Supercharge Your Cash Flow!

Posted by Jonathan Farr On September 16,2020

Businesses continue to evolve, most often spurred on by external influences. The COVID-19 pandemic forced many businesses to rethink operations, and many entrepreneurs took their companies online to reduce potential health risks to their employees and their customers. By moving operations online, businesses found they could reach a wider audience. Businesses that once relied on local clients were suddenly tapping into demand, statewide, nationally, and even globally. They also discovered the sales side of e-commerce moves at a much faster pace than traditional sales. However, faster sales do not always translate to improved cash flow. Fortunately, there is a way to bring parity to online businesses.

Old-Fashioned Methods and the Digital Age

Technology may have advanced tremendously over the past few years, but standard business practices have remained the same. Employees still get paid on a regular schedule, bank

08Sep

Debtor-in-Possession Financing: Reliable Capital for Struggling Businesses

Posted by NCF On September 08,2020
Debtor-in-Possession financing (or DIP financing) is an often overlooked solution for businesses that are facing bankruptcy or restructuring. DIP financing is an essential way to keep distressed businesses cash-fluid while they are going through the Chapter 11 process. How DIP Financing Works At its heart, DIP financing is extended credit designed to meet the working capital needs of businesses that are seeking bankruptcy protection. DIP financing provides businesses with immediate cash to sustain operations and maintain liquidity throughout their reorganization during bankruptcy. Why Access to DIP Financing is Important Debtor-in-Possession financing is nothing new, but the need for DIP financing has come to the forefront. The COVID-19 pandemic led to many businesses downsizing, and some had to put operations on hold for months. As the pandemic stretched into the second, third, and likely fourth-quarter of 2020, some businesses could not sustain themselves, e
12Aug

How to Avoid Predatory Business Lending in the Pandemic

Posted by NCF On August 12,2020

COVID-19 is an ongoing challenge facing businesses, but entrepreneurs are finding ways to adapt. Some brick-and-mortar businesses are reducing foot traffic, or moving operations completely to online platforms. Others are taking extra precautions to keep customers and employees safe. Throughout all of this, businesses still need financing, but some predatory lending practices have come to the forefront. How can businesses avoid predatory lenders during a pandemic and get the financing they need?

1. Compare lenders before applying for financing

Many lenders seem to offer similar financing programs, but there are often details that get overlooked. Interest rates, origination fees, loan amounts, and more can mean the difference between legitimate and predatory lending practices. Read reviews from other borrowers and talk to the lenders directly. Since you are looking for financing for your business, you are in contro

15Jul

Financing Your Business without Traditional Loans

Posted by NCF On July 15,2020

Financing is a primary concern for businesses throughout the United States. While stimulus and relief packages have come and gone in the ongoing COVID-19 pandemic, businesses are looking for something more permanent, but with more flexibility than traditional loans. Fortunately, there is a financing solution that is a perfect fit for a wide range of businesses.

Business Financing and Loans

Loans were once the “go-to” financing plan for businesses in all industries. Over the years – and especially now – that attitude has changed. Paycheck Protection Program (PPP) loans were suspended last August, and many businesses that received them may not be able to take advantage of the loan forgiveness part of PPP loans. So with PPP loans up in the air, some businesses are looking to secure other traditional loans, only to be met with more obstacles. PPP loans were a mad rush because it wasn’t the banks’ money on

17Jun

Businesses Can’t Afford Gaps in Revenue – Especially Now

Posted by NCF On June 17,2020

Businesses in all sectors are trying to get a more stable footing in the COVID-19 economy. Regions around the country are reopening, giving businesses the opportunity to resume operations and hopefully get back to pre-pandemic production rates. Cash flow is crucial to the future success of businesses as the economy reopens, and gaps in revenue can cause major setbacks.

Why Do Gaps in Revenue Occur?

Gaps in revenue can occur for a number of reasons, but the most common cause is from unpaid receivables. Businesses issue invoices with staggered payment schedules of 30, 60, or even 90 days. This is a standard business practice designed to give clients a grace period to make payments, and the staggered schedules, in theory, provide businesses with a constant stream of revenue. More often than not, staggered payment schedules lead to gaps in revenue while businesses wait for their clients to make payments on the balanc

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