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What does Gary Honig think?

Creative Capital Associates, Inc. is a Maryland based invoice factoring company that has provided working capital to emerging growth companies since 1997. A nationwide commercial finance company, the firm leverages accounts receivable for businesses requiring asset based loans. The purpose of ... See full profile

This reply to Copelon comes from someone who has been providing factoring services to small businesses for over 20 years. The difference between a...
Alan has essentially described what has been going on for decades - very large corporations love free money! They force their small vendors to be...
I'm inclined to agree with this assessment. Ultimately there's extremely little reason to believe you have any personal liability if you are "just...
You could make the case to the CEO that in the long run having to pay tax and penalties will be far more costly than what he thinks he's saving by...
Wayne, concentration of account debtors and payment cycles are subjective matters related to context. Using a pre-billed invoice for collateral is a...
Since this is a vibrant discussion I'll chime in on something Len mentioned "loan covenants." It's not accounting methods specifically, but germane...
One good place to start; find an attorney that is well versed in things like valuations and term sheets. If they really know what they are doing they...
I concur completely with Mark's assessment and I'm in D.C. so the facts remain outside of S.V. Investors see entrepreneurs who use intermediaries as...
Raising equity investment is almost a full time job within your business. It has a learning curve, it needs a strategy, execution and follow up...
Something to think about; this form of invoicing is known as "pre-billing." Meaning the customer is billed before the service is offered. Should...
Here is a company that is doing a slightly different take on crowdfunding as a debt platform - https://streetshares.com/ It brings small businesses...
Unfortunately this is like a bank giving money to a company - AND THEN, going back to find out whether the company could really qualify for the loan...
Pay your bills on time ;-) Actually the easiest way to build credit history (personal or business) is to qualify to purchase something that requires...
This may or may not help; I have a friend Hollis who has created a new company to help people self guide their way through professional change. Here...
"Paid when paid" is the term commonly used for this situation. Pragya is correct, if this term is used in a contract then you can only wait....
Debt financing using a "portfolio of start up ventures at various stages." Short answer - there isn't a lender set up to do this. Certainly not an...
Thanks Sonya, this seems to pertain to things like investments and annuities rather than paying for regular work.... although it is honestly very...
I have been wondering about this. My web designer is pure Canadian living in Montreal. I use PayPal to pay him. He gets paid by project, sets his own...
Wayne, The issue of independent contractors classification is big news right now due the Uber lawsuit going on in California. It has major...
Chris is absolutely correct. It is not up to the employee, this decision is solely the employers' who bears the potential liability. The IRS...
Emerson, you have exposed business's dirty little secret. Unpaid invoices are no cost investment dollars to the payor. Large companies have grown on...
As a company which deals on a regular basis with credit analysis I do not share the above comments. We are D&B subscribers along with various...
Capital strategies evolve during economic conditions. Lessons learned from previous cycles are incorporated in current environments. Currently we...
... this should be interesting....... Wayne, we've never had the opportunity to work together.... yet.
Adrian, this is a big decision and you need more guidance on a variety of levels. I would suggest you contact a local SCORE office where you can get...