I recently read this article examining the differences between angel and venture capitalist pitches, and I started thinking about the differences between financing options.
Your company needs working capital, but where will it come from? How do you differentiate between angel investors and venture capital needs from other lending options such as banks and Far West Capital? You may remember an earlier blog post, explaining these options, but take another look at your options below. (more…)
Last week, JP Morgan Chase announced the company would loan $12 billion to small businesses this year, a 20 percent increase from 2010. They also stated their first quarter business lending is up 64 percent from a year ago. (more…)
The banks have recently increased their lending practices, but they’ve definitely learned from the market crisis of 2008–most notably, their need for higher amounts of capital to weather the ups and downs of the economy. Overall, this is a positive trend, but the question remains as to whether or not your bank is willing to lend the necessary funds to cover your cash flow needs. (more…)
Earlier this week, I linked a BNET article on our social media networks about the importance of small businesses for the economy. The statistics in the article reported businesses that had grown and ones that had not grown both applied for loans and the requests have been increasing. (more…)
While it’s beneficial to market yourself and your company in conversations, presentations, emails and social media updates, it’s even more important to be engaged. Your audience could care less about who you are and what you do if you haven’t established a connection of trust and respect. By truly engaging with your audience, customers, clients, and fans instead of focusing on giving your sales pitch, your networking, presentations and relationships will be more meaningful. (more…)
It’s RISE week! Have you gone to any sessions yet? Here are a few things you don’t want to miss. (more…)
As an entrepreneur, cash, your number one challenge, is constantly on your mind. Do you know what working capital options you have to alleviate your challenge? At Far West Capital, we advise entrepreneurs frequently about their options. There are many advantages and disadvantages to think about, and we like to lay it out for clients and potential clients. We sit down and talk through the best option, whether
or not we are the right option. (more…)
I recently read a great article, or more specifically a memo to President Obama, that lays out the problems of small businesses very clearly. Although small businesses “account for half of all private-sector jobs in America, and more than 60 percent of the new jobs generated in the past decade,” their struggles are ignored even though they could be a key component to improving the economy. (more…)
As a business grows, the subject of obtaining working capital becomes a question in the forefront. Of course, business owners will seek the most beneficial and cost-effective way for their business to succeed, but sometimes, the obvious solution comes from not knowing the options. So, in what situation is choosing asset-based lending or factoring more beneficial than equity financing? (more…)
The buzzword this week is resolutions. I categorize my resolutions by seven categories: personal, professional, financial, educational, family, spiritual, physical. For the purpose of this blog, I’m going to focus on five resolutions in the financial category. (more…)
Contact a representative today to learn how our factoring and financing solutions can improve your financial reach.
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