Top Small Business Credit Terms All Business Owners Should Know

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Financial and Credit terms you should know

 

If you have a small business, there’s a good chance you’ll need to apply for a loan or other type of financing at some point. In order to understand the process, you should be familiar with the lingo. Here are some of the most frequently used financial and credit terms you should know. Chances are, you’ll already know some of these while you might need a refresher on others. Read more

How Invoice Factoring Works – In 6 Easy Steps

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How Invoice Factoring Works | Riviera FinanaceInvoice factoring is a type of alternative financing that helps businesses improve their cash flow situation. It can be used in place of or sometimes in addition to other types of financing such as equipment financing, unsecured loans, and venture capital.

Let’s take a closer look at how invoice factoring works so you can decide if it’s worth considering for your own business to help with cash flow and more.

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Purchase Order Financing vs. Invoice Factoring

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P.O. Financing vs Invoice FactoringMany question the difference between purchase order financing and invoice factoring.  Here we will explain the difference and when each form of financing is used.

Purchase Order Financing

Purchase order financing is for importers, wholesalers, and distributors of goods who receive a purchase order (PO) from another business, and need financing to pay their supplier or manufacturer for the finished goods.  As an example, we’ll use a toy company that is selling to a big box retailer.  The toy company receives a PO from the big box retailer.  Read more

How Much Cash Should Your Small Business Keep in Savings?

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How Much Cash Should Your Small Business Keep in Savings?If you have a small business you know how important it is to have sufficient cash flow. You need cash for everyday expenses such as payroll, rent, utilities and supplies. Some financial advisors recommend having up to six months in operating expenses to be safe. The exact amount you need, however, depends on the amount of cash that typically flows in and out of your business. Let’s look at some of the criteria you need to consider when calculating the amount of small business savings you need. Read more