Episode Synopsis "Episode 16 - Quick lines! - Accounts Receivable / asset based lines and lending"
Accounts receivable credit lines work by you pledging to sell your invoices or receivables to a “factor” or a bank at a small discount, the invoices to your customers for accounts receivable can then be exchanged into a type of “credit line” for immediate cash usage. This is very handy for businesses that need working capital and don’t have the time to wait for their paying customers to pay their net term invoices. In addition, you are offered flexibility since you’re only borrowing what you only need. A number of banks offer credit lines as part of their accounts receivable financing package. Usually credit lines are matched with the size of businesses the factor desires to attract. Factoring companies are more aggressive but also a little more expensive. Jim Frey [email protected]
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More episodes of the podcast Jim's DoughfortheDream Podcast
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- Episode 37
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- I hugged a billionaire - Episode 31
- Marketing, PR, Advertising Changes-Episode 30
- Internet Marketing-Episode 29
- Apply for a Loan- Use an Executive Summary - Episode 28
- How Will New Healthcare Bill Affect Small Business -- Episode 27
- Save Taxes, Increase Business Cashflow - Episode 26
- Get $1 million/year without paying it back! - Episode 25
- Episode 24 - Small Business Failures - Reason For It?
- Episode 23- Update on SBA fees and guaranty
- Episode 22- I need money for my business - Now! What to do?
- Episode 21 - Get me some money for my business! Funding still happens!
- Episode 20 - Give me some good news Jim! Ideas for positive news and ideas
- Episode 19
- No. 18 - Making career choices - Are you where you want - or where someone else?
- Episode 17 - Update - New things in financing for April 2010
- Episode 16 - Quick lines! - Accounts Receivable / asset based lines and lending
- Episode 15 -Update - New Small Business Credit Score from Experian.
- Episode 14 - Loans that "Can't Be Done"? Or can they?
- Episode 13 - SBA Update
- Products - http://www.doughforthedream.com/store/
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- Episode 10 - Be Your Own Banker - Finance Yourself - Finance Others - Infinite Bank
- Episode 9 - Give Money and Get A Whole Lot Back - Charities and You #1
- Episode 8 - Cash money in your company - another way of finding money
- Episode 8 -Hard Money Private Money and Bridge Loans
- Episode 7 - Creative Seller Note ideas
- Episode 6 - Accounts Payable Financing - what to do when you're past due?
- Episode 5 - SBA ; the programs and process
- Episode 4 - Using your 401k or IRA to finance your business or startup
- Episode 3 - Buy a business without a bank loan - alternative acquisition financing!
- Episode 1: Intro to Jim and DoughfortheDream