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American Bank Business Finance

October 24, 2023

Podcast Appearance: The Jeff Crilley Show – August 23, 2021

Russell Duckworth, Senior Business Development Officer of American Bank, NA and American Bank Business Finance on The Jeff Crilley Show – August 23, 2021.Click –> https://www.youtube.com/watch?v=J8HySymRdvs <– Click…

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American Bank Business Finance

Podcast Appearance: Tax Bites with Poonam – October 20, 2023

October 20, 2023 – Russell Duckworth, Senior Business Development Officer for American Bank, NA and American Bank Business Finance, appears on Tax Bites with Poonam.Click –> Factoring with Russell Duckworth & Schedule C VS S Corp – YouTube <– Click…

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October 23, 2023

The Challenges and Rewards of Business

The challenges and rewards of owning and operating a business are frequent topics of conversations between business owners, and one of the most common challenges is slow-paying customers creating cash flow problems. If it’s true that a chain is only as strong as its weakest link, then the weakest link…

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August 31, 2023

Navigating Alternative Financing Waters

The American economy relies on small businesses for stability and growth. The ability for small businesses to grow, expand, and succeed requires consistent and reliable access to capital. Young companies rely heavily on external debt, receiving about three-quarters of their funds from banks via loans, credit cards, lines of credit,…

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American Bank Business Finance blog article

August 28, 2023

Recourse Factoring Vs. Non-Recourse Factoring…. Which is right for you? 

Businesses that have a recourse factoring agreement* are responsible for buying back invoices that are not paid by the account debtor (the company that owes the money) after a specified period, usually 60, 90 or even 120 days (about 4 months).  It means even though the factoring company has purchased…

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American Bank Business Finance blog article

July 24, 2023

Tips for managing cash flow… 

Most businesses experience slow cash flow at some point. Knowing how to prevent or handle this situation can be a challenge for even the savviest businessperson. Here are some tips to help navigate through these choppy waters:  The American Bank Business Finance team are experts in small business finance, providing…

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July 10, 2023

Benefits of Factoring

Accounts Receivable Financing, or Factoring, is a financial solution that can help small, mid-market, or new businesses to avoid cash flow problems. Invoice factoring is the process of selling unpaid invoices to a third-party company, known as a factor, in exchange for immediate cash. This process can help businesses get…

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1-2-3

June 5, 2023

Factoring 1… 2… 3…

An ongoing challenge for small and mid-sized businesses (SMB) is finding the right sources of capital to fund the business.  Running a business requires real-time financial resources.  All too often company finances are overlooked until it is too late.  Do not wait to the last minute to find the right…

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American Bank Business Finance blog article

What is the Approval Process for a Factoring Facility? 

American Bank, N.A. and American Bank Business Finance make it quick and easy to see if an accounts receivable financing/factoring facility is right for your business, and our application process is fast and efficient if there are no existing Uniform Commercial Code (UCC) filings or other liens:  Important things to…

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