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…
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…
February 21, 2023
What is Accounts Receivable Financing?
Traditionally known as “Factoring,” Accounts Receivable (AR) Financing is a tool for accelerating AR into cash. The mechanics are simple: Our B2B clients invoice their customers as usual and send us an invoice copy. If the invoice is good, due, and payable, we may* purchase the invoice and make funds available the next business day. Imagine having a portion of your accounts receivable in your bank account the next…
How does Accounts Receivable Financing differ from lending?
Commercial banks offer a variety of funding options for business, but mostly short-term and long-term debt, and then not all companies will qualify. A great alternative is accounts receivable financing, or factoring, a tool for improving cash flow through the purchase of credit-worthy, business-to-business invoices. Accounts receivable are short-term assets…