Business Finance

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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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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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April 3, 2023

Do professional services companies benefit from Accounts Receivable Financing?

Yes! Many professional organizations, like IT consulting, engineering, and technical service companies, invoice their customers for services performed over the course of the month or a discrete project. Each month can contain multiple pay periods, so a single invoice that is paid within 45 days can easily encompass 4-6 pay…

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March 1, 2023

What types of industries factor?

Accounts receivable financing, or factoring, is a great solution for any company that is business-to-business oriented, has credit-worthy accounts receivable, and wants better control of their cash flow. It also fits almost any industry where work is performed by badged employees and where that work does not involve insurance claims. …

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