Need Fast Cash for Your Business? Not All Financing Is the Same

Posted by NCF On November 14,2019

Our economic landscape is moving at a faster pace than ever before, which means businesses need access to capital to keep operations moving and to achieve successful growth. Yet in the realm of business financing, not all programs that offer fast cash are created equal.

Short-Term Business Loans

When businesses need working capital to smooth out finances or to take advantage of time-sensitive business opportunities, many opt for short-term business loans. After all, loans are easy to understand and have been around for centuries. However, the process for traditional loans is changing. Lenders are raising their requirements, so businesses may not receive the funding they need, even if they meet the credit and collateral qualifications. Similarly, small businesses may not have the established credit history or collateral to qualify, so short-term loan requirements end up pushing entrepreneurs to the sidelines. Beca


MCA vs. Factoring: Comparing Working Capital Solutions

Posted by NCF On November 07,2019

Business owners are always seeking reliable sources of working capital and new ways to improve cash flow. Accounts receivable factoring and merchant cash advance (MCA) programs provide working capital, but how they provide capital and how it impacts your business are completely different. We’re going to take a look at how both funding methods work from the perspective of a business owner to show the benefits and disadvantages.

Access to Capital

Access to capital is essential to every business. No one wants to wait weeks or months to get the funding they need. A merchant cash advance can take upwards of 10 business days for approval and funding. Accounts receivable factoring provides cash within 24 hours on submitted invoices.


Most financing solutions create a balance that your business must repay within a certain timeframe. MCAs do not hav


Getting Out In Front of Your IRS Liabilities

Posted by NCF On October 24,2019

No one likes to owe anyone anything. Business owners sometimes owe debt to banks, which can eat into revenue and impact credit ratings, but that can easily be solved with factoring services. However, when a business has a liability owed to the IRS, the repercussions can be more severe, which is why it is important to get out in front of IRS liabilities.

IRS Liabilities

At the core, a business gains IRS liabilities when taxes aren’t paid. These taxes could range from filing yearly taxes for the business owner or company to the quarterly 941 taxes which take into account unemployment taxes and more. The first step is to send a notification to the business of liabilities. The second step is to move the liabilities to IRS collections, which can result in tax liens against the business, garnishment of revenue, extra fees, and more.

The First Step Is Recognizing that Liabilities Exist Read More


Small Business Owners: Maintaining Your Good Standing with the IRS

Posted by NCF On October 17,2019

A little while ago, we discussed the importance of getting a Certificate of Good Standing for your business, the process involved, and the advantages. Going beyond that, it is important for businesses to remain in good standing with the IRS, as well, in order to avoid fines, fees, liens, or worse.

Good Standing with the IRS Means Being Pro-Active

A long time ago, staying in good standing with the IRS was a simple as paying your taxes. While paying your business taxes is extremely important, remaining in good standing takes a bit more these days. We now live in an economy and political climate where we do things electronically, and tax laws are subject to change at a faster pace than ever before. Remaining in good standing means taking a pro-active role with finances. For small business owners who are keeping their accounting in-house, this means watching schedules to file business taxes, quarterly 941 forms, and


Business Liabilities and Installment Plans: Protecting Your Cash Flow

Posted by NCF On October 10,2019

If you own a business, you know how important cash flow is for thriving a growing. While maintaining a strong cash flow is essential to success, ensuring your company has no business liabilities with the IRS is equally important. Outstanding tax liabilities can lead to collections, which can place a severe strain on cash flow with very few options, and as we’ll see, even factoring won’t be able to solve IRS liability problems.

Business Liabilities and the IRS

IRS business liabilities take many forms. Some businesses miss the window to file their 941 forms quarterly, only to find out that they owe the IRS money based on their earnings and the size of their workforce. Another reason could be not paying unemployment taxes, or income taxes – either for the business or personal income tax filings as a business owner. All of these things can send up red flags with the IRS, and they can take measures to ensure the

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