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When PPP Isn’t Enough
The Paycheck Protection Program (PPP), along with other federal and state initiatives, helped many business stay afloat during the COVID-19 pandemic. Many would have closed permanently because they lacked the…
Tag: asset-based lending
When the Bank Says No
Why do Banks Deny Borrowers? During this time of uncertainty, you may find that traditional banks are tightening their credit requirements, making it harder to obtain the working capital you…
Take 5: Talking Business With Tom Bayer
Tom Bayer serves as Origination Leader at Hitachi Business Finance, a division of Hitachi Capital America. He has more than 30 years of experience in asset-based lending and syndicated transactions….
Financing Your Business: Options Before the Bank
I always tell small business owners that if they can secure bank financing to meet their working capital needs, by all means, go for it. Banks have their purpose, but…
Creative Business Financing
Creative Business Financing Once you burn through your own cash and that of your family and friends, it’s time to consider other sources of financing to grow your business if…
The Big and Little Cs of Credit
The lending approach of asset-based lending applies much greater weighting to Character, Collateral, and Capacity (the big Cs) and much less weighting to the other two, capital and conditions (the small Cs).
Hitachi Business Finance Welcomes Greg L’Herault To Business Development Team
Hitachi Business Finance today announced that Greg L’Herault has joined its business development team, concentrating his efforts on attracting new asset-based lending, syndication, and factoring clients across the United States….
Getting Creative With Cash Flow
Cash is the life blood of any business. Without it, organizations are sure to struggle. Sometimes even a good business fails by ignoring the ledger balance, yet a poorly run…
Alternatives to Bank Financing
Economists continue to express concern that there are warning signs of a slowdown. The general opinion is that a recession will likely occur, lasting past 2020. Obtaining bank financing will…
You’ve Made the Big Sale… Now What?
Nick put down the phone and sat silently in his chair, basking in the feeling of accomplishment. This is why he formed his business two years ago. This is why…