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Welcome to...
Commercial Finance Consultants
factoring
In today's
challenging economic environment, more and more small business owners
and entrepreneurs are finding the need to employ financial experts to
assist them in securing the necessary growth and working capital for
their businesses. This is especially true for newer, startup
business owners in their earliest stages of operation.
The Commercial Finance
Consultant (CFC)
Commercial Finance
Consultant
Though well-practiced in Europe, this
unique vocation is now slowly becoming better known in the United
States. Commonly termed "loan broker" or
occasionally "factoring broker", its recent growth can be
attributed to two major trends:
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Banks: It is common knowledge
that many of America's banks are severely capital impaired. The
unofficial "bank watch" list now contains nearly 1,000 such banks
which are community banks, historical lenders to small business.
A very large number of these institutions will ultimately not survive
the recession.
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Entrepreneurs:
As the recovery continues to fail, more and more unemployed are forced to enter
the world of the entrepreneur, usually starting a "service sector"
business. The traditional source for providing the initial financing
for such ventures, home equity, is no longer an accessible collateral option
in most cases.
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Most startup
entrepreneurs creating new ventures know little about the
early-stage financing required for operation. After the doors are
open, they will need to pay suppliers and make payroll even though
their customers are taking 30, 40, even 60 days or longer to pay
invoices. For distributors and small manufacturers, additional
inventory will be required as new customers are brought online.
Additional equipment is often necessary as well as capital for rapid
expansion.
These problems are common and intimidating when bank financing is
not an option due to lack of credit. Assisting entrepreneurs
to meet these challenges is the job of the independent
Commercial
Finance Consultant or CFC.
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