Working Capital: 2006 Abounds With Opportunity
Port Clinton, OH (ContentDesk) March 13, 2006 -- The United States economy has seen impressive expansion over the past three years.
2006 holds promise of continued economic expansion fueled by entrepreneurial innovation and private sector job creation.
Economic expansion is at a four percent rate (4.0%) the best of any large economy in the world.
Unemployment is less than five percent (< 5.0%) more than four million new jobs have been created. Corporate profits continue to exceed expectations.
And the stock market has increased four trillion dollars in value since the tax cut of 2003.Expect small and medium-sized businesses to grow increasing sales and profits - throughout 2006.
New opportunities will bring new challenges, whether in the manufacturing sector or the service sector.
The demand for increased working capital to fund opportunity and growth will increase tremendously in 2006.
And, Commercial Banking institutions will not be able to fulfill this demand through traditional bank lines of credit. Only the most credit-worthy businesses need apply.
Commercial Banks rely upon historical financial information in their decision-making model, and fail to develop forecasting tools that allow them to provide working capital for future growth opportunity.
Nearly two-thirds of all U.S. small businesses will find themselves unable to qualify for a traditional bank line of credit that will keep pace with growth, says Dave Nighswander, President and Founder of Capital Access Factoring Company. Lacking a working capital facility to cash flow opportunity, these businesses will be faced with tough choices.
Either lose the opportunity to the competition, or seek alternative cash flow funding sources.And, where are the alternative working capital sources to cash flow growth opportunities?
They abound in all parts of the country through non-traditional funding sources (Factoring companies).
These non-bank resources are not over burdened by government regulation. They think more like businessmen than bankers. More importantly, they understand the role of working capital to fuel growth in the small business economy.
And, they respond to the future cash flow needs of the business, providing cash flow for expansion.
Their focus is on eliminating the cash gap caused by carrying accounts receivable.
By selling accounts receivable at a discount when invoices are generated, the business receives its working capital in one day versus the typical forty-five days that it takes for customers to pay.
The business does not incur debt, and has the cash that previously was locked up in accounts receivable available to fund its growth opportunities.
Non-Traditional funding sources typically discount the invoice two five percent (2%-5%) based on the diversification & credit quality of the customer, and the average number of days it takes customers to pay.
Most Factoring companies perceive themselves as an interim resource for working capital funding for growing businesses, not a long term solution.
The Factoring Company works with the business to plan for transition into a traditional bank line of credit in the future, when rapid growth is not an issue.If your business is poised to take advantage of the economic outlook for continued growth in 2006, and your commercial bank cannot provide the working capital necessary to grow, you should seriously consider factoring to provide the cash flow necessary to grow.
Take advantage of the available tools, and give your business every opportunity to edge out the competition.Dave Nighswander is the President and Founder of Capital Access, a business factoring company specializing in working capital, cash flow funding, and factoring accounts receivables for businesses across the country. For more information on Capital Access, please visit http://www.capitalaxcess.com or call (419) 732-3174..
Free Cash Available at Smack Dog Poker During February
(ContentDesk) February 3, 2006 -- Online poker has been growing by leaps and bounds over the past couple of years.
Some of the fuel powering this rapid expansion is the emergence of free roll tournaments sponsored by online poker rooms.
These free rolls offer a player a chance to not only try out the online poker room for free, but also a chance to win some free cash to fund their initial bank roll.
Smack Dog Poker, http://www.smackdogpoker.com, has teamed up with online poker rooms to offer our members free rolls, online poker leagues and other great opportunities to win free cash at our February events.February at Smack Dog Poker will offer up some great events that will give away over $575 in free roll prize money, 2006 WSOP satellite tournament tickets, weekly $100,000 satellite tournament tickets, and bonus cash tournaments.
Along with these great prizes, Smack Dog Poker will be offering...
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Las Vegas Show Tickets
If you want to enjoy a show in Las Vegas, getting tickets should not be a problem. But before getting the show tickets, one must know the show schedule and other relevant information about the show. In Las Vegas, there are several online booking facilities available which provide all these services. And if you don't want to click the mouse because you are in a holiday mood or already in the middle of a long vacation, then you can call up and buy the tickets to the show you want to watch. The prices of tickets differ according to the kind of show, the artists, the venue and, of course, the occasion.
Both individual and family tickets are available in this city for a wide variety of shows. Information about the performance schedules in most of the auditoriums or theatres is available well in advance. Most of the Web sites providing online booking facilities for show tickets provide this information free of charge.
The cost of the tickets can range from...
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Cash-Out Refinancing
Cash-out financing rates are the rates of interest that are chargeable on the cash-out mortgage. Cash-out financing and the home equity loans are the alternative financing plans that are available in the hands of loan-taker. If he wants to have refinancing facility at a very much lower rate of interest, it is advisable to go for cash-out refinancing. However one can compare the interest amounts and the fee amounts to be paid in case of home equity loans and cash-out refinancing with the help of refinance calculator and the home-equity loan calculator. Generally, not necessarily all the times, the interest rate on cash-out refinancing is lower than that on the home equity loan.
On the other hand, suppose if the interest rate on the refinance is more than that on the old and existing mortgage, it is not advisable and profitable to opt for cash-out refinancing. It is because, obviously, he has to pay higher amounts of monthly installments on the new refinance.
One can...
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CellForCash.com Puts out Emergency 911 Call
OCALA, Fla. (ContentDesk) July 5, 2005 -- CellForCash.com, which pays cash for used cell phones and then re-markets them around the world, put out a call today for more cell phones that it can donate for free to law enforcement agencies and affiliated groups through its successful 911 Cell Phone Bank program.Individuals can go to the www.CellForCash.com website, print out a mailing label and then send in their phone.CellForCash.com now donates around 1,000 cell phones each month under the program, but demand is on the rise. Besides the phones, the program also provides participating agencies with much-needed cash. The agencies also provide the emergency phones to shelters, victims of abuse, and senior citizens in need."Since we started this program a little more than a year ago, law enforcement agencies have enthusiastically partnered with us to get emergency cell phones into the hands of people who need them," said James Mosieur,...
CellForCash.com Puts out Emergency 911 Call
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