Small Businesses: Keeping Finances Healthy for Growth

Posted by NCF On March 05,2020

For many small businesses, maintaining healthy finances is a careful balancing act between revenue, expenses, and liabilities. There are a few key guidelines small businesses can use to keep healthy finances and achieve successful growth.

Avoid Unnecessary Debt

Small businesses need capital for everything from overhead to payroll, and the cost of production for client orders. Using loans and other debt-based financing programs as an answer to smooth out financial turbulence is a slippery slope. Loans place debt on the balance sheet, lower business credit ratings, and place a further strain on finances. Yes, loans can temporarily provide a “fix,” but businesses have to set aside a portion of their revenue to make payments on the balance owed, which can create even larger cash flow issues.

Stay on Top of Liabilities

Small businesses need to pay their quarte


The Market Outlook for Business Financing in 2020

Posted by NCF On January 30,2020

Business financing has seen a number of trends over the past year, including a decrease in interest rate hikes on business loans and an uncertain situation with imported goods and materials used by almost every industry. However, there were a number of positives as well, which makes forecasting the outlook on business financing a mixed bag, depending on where you stand.

First, the Good News

Business financing has been bolstered by two major points. First, consumer confidence is still high, as shown by increased overall purchases in 2019, exceeding 2018’s fourth-quarter results. Additionally, almost every industry experienced growth, with increased production from manufacturers, more clients entering contracts with businesses for physical goods and services, and higher job availability. More businesses are trying to position themselves for growth and more entrepreneurs plan on launching businesses this year.


Building Capital Quickly and Effectively without Debt

Posted by NCF On January 23,2020

A lot of small business owners feel like they are in a holding pattern. Building capital can seem like a challenge between expenses, payroll, and the built-in lag between client payments due to staggered invoice schedules. Fortunately, there is a fast and effective way to build capital without resorting to short-term loans or other debt-based financing programs.

Ongoing Financial Obligations

Every business has financial obligations, such as making payroll, paying utilities, installments on existing loans, and similar recurring expenses. Some expenses fluctuate, especially for businesses that rely on inventory and production, or simply client demands. Revenue from sales should exceed ongoing financial obligations, but if revenue is staggered due to the payment schedules on invoices, the amount of outgoing capital could exceed revenue during crucial cycles. Sometimes businesses feel the need to take out loans to te


Make 2020 the Year to Grow Your Business

Posted by NCF On January 16,2020

Happy New Year! With 2019 behind us, many businesses are looking to make progress towards growth. However, to grow your business, there are a few things you need to do to ensure smooth sailing.

Start with the Simple Stuff

If you want to grow your business, you need to make sure there is nothing holding you back. That means making sure your quarterly IRS tax liabilities are in order. As it is January, businesses will be filing for the quarter of October to December of 2019. Next, it is time to take a look at your business credit report. See where your business stands and if there are any red flags that would stand out to lenders. To grow your business, you want to be in the best position possible, which means paying down outstanding balances and making sure there are no lingering marks on your credit report. Ideally, you should be checking your business credit report quarterly, at minimum. Removing those red flags


The Difference between AR Financing and AR Factoring

Posted by NCF On January 09,2020

While the rate at which everyone does business has increased tremendously from even a few years ago, one thing remains constant – invoices are issues with payment schedules of 30 days or longer. This forces businesses to wait up to a month or more for revenue to trickle in. When businesses want to boost cash flow and access revenue faster, they can choose between AR financing and AR factoring. While both methods may seem similar, they function in very different ways.

AR Financing at a Glance

Accounts receivable financing – or AR financing – is a form of asset-based lending. Receivables are used as collateral to create a line of credit that businesses can borrow against. Often, true AR financing involved term contracts, and the amount of financing available can go up or down depending on the number of receivables in a given review period. Some AR financing providers also impose upkeep fees on these asset-bas

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