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Mohamed Noohu: Posted on Monday, February 20, 2012 4:05 PM
ASSIGNMENT: The company was experiencing cash-flow problems because they were in a growth phase. There was no structured accounting system, and no reports were done. The CEO wanted an in-depth study done, with an action plan. MSN Associates began by analyzing the firm’s working capital cycle and realized that billing dates were later than client deadlines, increasing AR days, and exacerbating the cash needs in a growing company where salaries were the biggest cost. Due to rapid expansion, the company experience declining profitability and cash flow pressures. |
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Lester M. Salvatierra: Posted on Thursday, February 16, 2012 4:47 PM
Small businesses and companies have cash flow fluctuations which can sometimes be hard to manage. Sales are unpredictable and emergencies happen and a shortage for working capital can easily occur. A bank credit line is perfect for these situations but what if your bank line is near capacity? Getting cash quickly, within a week, can be tricky. As we noted, if you have good accounts receivables, Factoring is a fast, effective way to get capital but if you’re in a business with minimal receivables we have another great solution; Short Term Working Capital Loans. |
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Andy Lamedman: Posted on Wednesday, February 01, 2012 5:59 PM
So you have been thinking of buying a franchise and you have started an online search? There appears to be a great deal of information online about franchising and you now feel confident that you can find a franchise on your own. Is there really any need to have a Franchise Consultant? Of course you can find a franchise on your own but most people find the process overwhelming, time consuming, not to mention confusing. Using a Franchise Consultant who knows the ins and outs of franchising may be the way to go. |
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Lester M. Salvatierra: Posted on Tuesday, January 31, 2012 6:56 PM
As a non-bank lender, we underwrite and finance equipment and projects through wholesale lenders and private investor groups. Much like the upcoming big game, we bring together all our skills and resources to get the task done. So, what is different with a private finance company like ours? We have the ability to finance equipment and projects which traditional lenders stay completely away from because of either credit or equipment reasons. Some recently completed projects which required “structuring” include: |
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Lester M. Salvatierra: Posted on Saturday, January 21, 2012 11:27 PM
Seasoned business owners understandthe power of financial leverage. This is particularly important for manufacturing companies, which require a significant investment in equipment, inventory and raw materials before they can start making sales. Often the key to success is to spend as little working capital as possible on these expenses, thus preserving cash flow for the actual operation of the business. When used properly, financial leverage can help any company achieve positive cash flow. |
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Tooraj Kazeminy: Posted on Thursday, January 12, 2012 10:35 AM
This post is about how Business Intelligence is transforming finance departments. Wayne Eckerson of TDWI has a terrificwebinarabout this subject. He presents that traditional record keeping role of finance department no longer meets the needs of the ever increasing competitive business landscape. Rightly so, finance departments need to transform so that they can directly contribute to both the top and the bottom line. Such contributions would be in the form of helping the CEO make more profitable decisions. |
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Lester M. Salvatierra: Posted on Friday, January 06, 2012 4:16 PM
What happens when a business client comes into your bank, requests a business loan or to finance some equipment and you can’t do it? Rejecting a client, at any level, is not easy but the first inclination for that business owner is to look for another bank which can fulfill their need and since many banks have similar guidelines, they are likely to get rejected there also. If that happens, their dignity will keep them from coming back to you so in either case; you lose a client both on the personal banking and business banking side. |
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Lester M. Salvatierra: Posted on Monday, January 02, 2012 4:40 PM
As we look back on 2011 and enthusiastically welcome in the New Year of 2012, we reflect on the most commonly asked question last year. Beating out, “what’s myrate?” and “how fast can you get it done?” is the most frequently asked question, “WHAT IS THE DIFFERENCE BETWEEN YOU AND MY BANK?” There are many but here are the TOP 5 differences: 1) Banks have strict guidelines hence the small business borrowing credit crunch which we’ve experience the last 3 years. FICO scores should be above 700, cash flow strong, sales stable and equipment which is standard. |
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George M. Pomonik: Posted on Saturday, December 31, 2011 2:47 PM
People have asked me why I usually wear a suit and tie for business. Here are my Top Ten reasons: 10. It helps increase my credibility. 9. It cheers me up when I look in the mirror. 8. People don’t ask me to help remove carcasses from the street. 7. I avoid getting arrested for public nudity. 6. I can check my tie to see if I’m standing up straight. 5. It’s warmer than a tank top and gym shorts. 4. It reminds me to act professionally and sometimes even keeps me from shouting profanities during important meetings. |
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Lester M. Salvatierra: Posted on Friday, December 02, 2011 10:03 AM
Many lenders and finance companies still ask for “review fees” which basically means they are charging you to review your financials even if they don’t get you approved. Some of the fees can actually be substantial in the $500 + ballpark; lenders are making money off of you even when they can’t perform the service you requested. This doesn’t make sense, so let’s go over our policies. To “Preview Credit” which means to perform a general review to catch any large roadblocks which may be present only requires that you provide us with a Finance Application, Vendor Quote and 3 months Bank Statements; that’s it. |
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