The rate at which the world does business is much faster than it was only a few years ago. However, we still operate on receivables with staggered payment schedules of 30, 60, and even 90 days. While the standard practice of staggered payment schedules is not going to disappear anytime soon, there is a way […]
03Jul
How Factoring Compares to Loans and Merchant Cash Advances
Posted by Quennie Zerna On July 03,2019
There are a number of small business financing options available today. Among the most popular are loans, merchant cash advances, and factoring. Smart entrepreneurs will do research to see the pros and cons of each in order to make a careful cost analysis for both short and long-term payoffs. At New Century Financial, we took […]
26Jun
Your Business Has Excellent Sales! So Where Is the Revenue?
Posted by Quennie Zerna On June 26,2019
Your business has excellent sales and a growing customer base, but when you look at the books, you see more money going to cover expenses and payroll than you see coming in. The realization that cash flow is reversed can be very stressful. This situation is more common than you think, and there is a […]
19Jun
Reducing Debt for New and Small Businesses
Posted by Quennie Zerna On June 19,2019
One of the biggest hurdles for new and small businesses to overcome is debt. Launching, maintaining, and growing a business requires capital, and the typical “go to” solution is to take out loans. However, relying on loans leaves new and small businesses struggling with debt which keeps them from growing successfully. How the Debt Cycle […]
26Mar
Oil and Gas Distributors: Handling Unsettled Customer Accounts
Posted by Quennie Zerna On March 26,2019
Access to working capital is essential to the success of oil and natural gas distributors. However, many oil and gas distributors have a good portion of their capital tied up in unpaid receivables. Fortunately, there is a way to catch up on unsettled customer accounts, improve cash flow, and build up capital to grow into […]