Accounts Receivable Financing inspiration!
Benjamin Zander and his wife wrote a book titled "The Art of the Possible; Transforming Professional and Personal Life. "Their idea is that" you can create a passionate energy permeates the art of the possible that a true power to create in your life. You can Their own rules. "Your book is inspiring you to be thrilled when you buy and read the question is.. How does this relate to receivables financing?
It's all about attitude, enthusiasm and vision in terms of how you operate your business. Can you use your own rules on how banks to conduct trade and other finance companies finance companies? Of course not. Can you use your own rules about how the financial resources available to finance your business are to be used? Absolutely!
Here are three examples of how to harness the power of the receivables financing sometimes with other types of financing to grow your B2B business.
Case Study One:
A solar company that planned and supervised the installation of renewable energy systems could Bank to obtain financing. They were one of the area with the lowest cost provider of solar cells, system design and supervision. One of her biggest assets State Solar Install Tax Credits, the homeowner, the solar panels to be paid. An obligation of a State to a consumer under the definition of a claim. In other words, It could not be financed because it will not be an obligation, a company. The art of the possible, were the home owners believe their solar-allocate tax credits for solar energy companies. This turns a consumer claims in a commercial claims. Voila! The solar energy company received funding claims they used grow.
Case Study II:
An individual purchased an importing company that had a bank SBA loans have been funded. As security for the loan, the bank presented a UCC1 submission of accounts receivable and inventory of the company. UCC refers to the Uniform Commercial Code in effect in the United States of America. In some ways it simplifies the process of lending, selling and borrowing at the national level. In other respects it is very complex. A UCC1 submission of a bank prevents a rule that further funding because it left no collateral financed. It is similar to a first mortgage on a house. If you have a 95% loan to have your house, no other financing available to the house because it gives no justice to. With the art of the possible, was the importing company successful in convincing the Bank, its UCC1 submission of another subordinate commercial lenders UCC1. Importing company convinced the bank it would be mutually beneficial to the Bank UCC1 lien to a secondary position lower, so a commercial finance company offering new accounts receivable financing and inventory financing. Voila! Importing Business has a new credit line for growth. It is now more profitable and the bank is more likely to be repaid. This is a Win-win situation.
Case study three:
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A start-up clothing company involved in the production, distribution and design T-shirts landed a major order for their product. The product was manufactured in China, and the Clothing Company lacked sufficient funds to pay for the costs of production and distribution. With the art of Possible receive the Clothing Company a letter of credit to the Chinese factory of the payment, purchase order, guarantee for the T-shirts to pay on delivery, and Receivables financing order upon delivery companies pay the goods to the customer in the U.S..
Receivables financing can help you realize your B2B business, the Art of possibility for growth and profits. Voila!
Copyright © 2007 Gregg Financial Services
www.greggfinancialservices.com
About the Author
Mr. Elberg is a licensed attorney and licensed real estate broker. Gregg Financial Services is a full service brokerage for commercial finance companies and banks that fund B2B businesses. Mr. Elberg arranges funding from $25,000 to $50 million per month at competitive pricing, and works to reduce your financing costs as your company grows. For more information about GFS, please visit our website: www.greggfinancialservices.com or email:gregg@greggfinancialservices.com
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