Today, running a business requires that you have products or services available to fulfill customer orders. However, managing cash flow and capital can be challenging if you are waiting on payment for outstanding invoices and have new orders that need to be fulfilled. One way to manage cash flow is through invoice financing. Essentially, you…
Your business relies on cash flow to keep the doors open, but cash flow is not always consistent from one month to another. For business owners, that means finding ways to manage their cash flow, which includes working capital financing. But there are other options available, such as vendor financing. Let’s explore what it is…
For many businesses, having access to working capital is key to being able to manage overhead, as well as being able to have the funds available when growth opportunities present themselves. One of the options for financing is a line of credit, which can provide ongoing funds instead of just a one-time loan. Here is…
Every business has opportunities to grow and build its clientele. Often, that requires an investment of capital, but having access to that necessary capital means finding the right sources to fit the needs of your business. One such option is a short-term inventory loan. Here is a guide to a short-term inventory loan and how…
Small Business owners rely heavily on local customers as an economic driver, but to be successful in a hypercompetitive markets throughout the country, your Small Business must have adequate cash flow, both for your current overhead expenses and future growth. Whether you need a working capital loan to purchase inventory, leverage unexpected business opportunities, cover…
Unlike a traditional small business loan, a merchant cash advance is NOT a loan. The basis for a merchant cash advance is the future receivables from a business owner who accepts credit cards or has other payment receivables that flow into the merchant’s account or accounts. Typically a small business can apply for and have…
In this day and age of cash flow issues due to the closure and suspension of many businesses, a merchant cash advance through Penn Commercial Capital may be the answer to payroll issues, needed business improvements, and other capital expense issues that you, as a business owner, may be experiencing. The purpose of this blog…
There are many reasons for a business to take out a small business loan, and many businesses do as part of their short- and long-term goals based upon their business plan. In fact, 43% of small businesses reach out to lenders for financing of some sort. As a small business owner, your circumstances are unique…
Many people are familiar with the U.S. Small Business Administration’s loan programs (SBA), as well as how helpful it can be for those with smaller businesses that might not qualify for traditional financing options. You might have even heard of the 7(a) or 504 loan programs, which fall under the SBA. This fact would come…
If you are in San Diego, small business loans are a practical and essential part of doing business, as they provide financing for expansion, hiring new staff, or just building capacity. There is a veritable laundry list of available loans for small businesses and help from the city of San Diego that your business could…