Some business hurdles are easier to overcome than others, but cash flow related obstacles are sometimes the most difficult to clear. Avoid a false start and reach the finish line with invoice factoring. Surviving the past year has been like winning an Olympic gold medal for most business owners. Even under normal circumstances, running a […]
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Getting paid can be difficult for B2B businesses. Here’s what you need to know about invoice payment terms so you can maintain a consistent and healthy cash flow. Fiscal needs vary from business to business. However, the need to get paid is consistent for every organization. Invoice payment terms help ensure you get paid every […]
Be strategic when setting out to cut business expenses and you can fuel business continuity. A penny saved is a penny earned…it’s a saying that’s all too familiar to most entrepreneurs. (After all, all those pennies can add up to some big dollar amounts.) It’s also an extremely useful piece of advice when managing your […]
Alternative and traditional funding solutions unite to make the perfect financing team — working together to help clients at the bank and beyond! Want to provide the ultimate level of customer service to your customers and potentials? It’s time to dust off your cape and join forces — Avengers style. The Avengers all had similar […]
When the unexpected hits, fostering a culture of innovation within your small business can yield big results. As this year’s world events began to unfold, many industries were hit hard — especially those who supply machinery to the aerospace and oil and gas industries. Those who worked to foster a culture of innovation have been […]
During times of economic uncertainty, get inspired with these lessons on small business innovation. “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.” —Charles Darwin When major world events send shockwaves through the economy, businesses often have to […]
No matter the size of the company, all it takes is people with a passion to help others. Here’s how some small businesses are giving back. It’s not uncommon to see big brands with deep pockets taking action on major social issues like climate change and education. Many have adopted formal corporate social responsibility initiatives […]
Is your small business bookkeeping taking too much time out of your already-busy day? Here are some quick tips to simplify your financial admin. Remember a time when it was so simple to sort your business receipts, bills, invoices and general paperwork? You might have just been getting started and spent a lot more time […]
You might have heard about the term «ABL» — but don’t know exactly how asset-based lending works. Get the overview here in this 3 minute read. For small, medium and large-sized companies that are in search of alternative ways to secure funding — hopefully due to growth and positive strategic pivots — asset-based lending (ABL) […]
The board of Illinois Bankers Business Services, the for-profit division of the Illinois Bankers Association has approved Liquid Capital Corp., and their Bank Alliance Program, as a preferred vendor. Established in 1999, Liquid Capital Corp. is a direct funding source that provides strategic alternative financing solutions for business to business companies. They address issues such […]
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