What Are Asset Based Loans?
Thursday, July 21, 2011
by Gary Honig
Many well-established government contractors turn to Asset Based Lenders (ABL) for capital. ABLs provide commercial financing to companies primarily using accounts receivables as collateral. Typically the Contractor will have a minimum of $1 million in available accounts receivable (AR) for funding. This means the creditworthiness of the account debtors (customers) is strong and diversified (not
- Published in Business Operations, Business Resources, Creative Capital Associates, Gary Honig
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Dealing With Uncertainty
Friday, July 15, 2011
by Gary Honig
The calamitous economic environment we find ourselves in creates peril and uncertainty when it comes to staying out of trouble. The ripple effect of banks going out of business or defaulting on existing loans is excruciatingly painful to small businesses. You can no longer take for granted the loan you have or were expecting to
How Invoice Factoring Works
Friday, June 24, 2011
by Gary Honig
Many government contractors who are finally awarded a long sought after contract have the dilemma of how to cash flow the new work. Especially in cases where the contract calls for work to ramp up quickly. There are situations where a company may be billing only tens of thousands of dollars today, but hundreds of
Only The Lonely: First-Time Entrepreneurs Need Realistic Goals for Investor Capital
Tuesday, June 21, 2011
by Gary Honig
Last week in Washington D.C. at the Startup Mixology Conference active Angel investor John May of the New Vantage Group expressed the need for entrepreneurs to think realistically about seeking and expecting to receive investor capital.According to Mr. May, last year only 1,000 first time business owners found a successful angel investment. And of those, 50% of
- Published in Business Operations, Business Resources, Creative Capital Associates, Gary Honig
Entrepreneurs Finding a Home in Washington D.C.
Friday, June 10, 2011
by Gary Honig
The Mid-Atlantic region is heating up with a fresh batch of start-up companies who are expanding their reach from Pennsylvania down to Richmond, Virginia. With the advent of Web 2.0 and multi-faceted communications, companies and individuals are more connected than ever. There are pockets of organizations and communities who are driving this new energy and