The fastest way to collect cash from customers is via ACH or wire transfer and there continues to be a move toward these two types of cash collection. Currently though, checks are still king and that means 3-5 days until banks clear the checks and the funds are...
We have many clients utilize letters of credit to expedite payment and minimizing risk of nonpayment by having their customers issue a letter of credit in the client’s favor. A letter of credit (LC) is a document from a bank guaranteeing that a seller will receive...
Personal guarantees for business loans are pretty standard regardless of where the credit cycle happens to be. Banks and lenders may contract or loosen credit policies but personal guarantees are usually not negotiable. Still many business owners are more than a...
I bet you thought bank fees were written in stone; untouchable and definitely not up for discussion. You are wrong and that is a good thing. Everything can be negotiated, and when a lender wants your businesses they will deal. Banks make a lot of money on fees and...
