Industry Insights

Your resource hub for industry trends, alternative funding solutions, financial strategy, and helpful tips for the small to mid-size market.

In a competitive financial market, it’s important to stay on top of market trends so that together we can develop and implement sound financial strategies at every stage of your business. We’re committed to our investment in knowledge and industry education and sharing those insights with our core audience.

And because our employees and partners are at the heart of our business, you’ll see spotlights, success stories, community involvement, and a glimpse of our culture at Kompass Funding.

OUR LATEST INSIGHTS

How business owners can manage their quarterly tax estimates with alternative lending solutions

One pain point for many business owners is quarterly tax estimate payments – this includes sole proprietors, partners in partnerships, members of LLCs, and shareholders of S-corps. Because of the requirement to pay your quarterly estimates by April 15th, June 15th, September 15th, and January 15th (for the fourth quarter), many entrepreneurs find the complexities of taxes overwhelming. The good news is that there are proactive steps you can take to ease the burden, and one effective strategy is to utilize alternative lending solutions so that you have the necessary funds to meet your tax obligations without disrupting your cash flow.

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How to leverage your current portfolio to grow your financial flexibility

Individuals and businesses are constantly seeking innovative ways to leverage their assets for growth and financial flexibility, and a powerful tool that can be used in gaining status is Securities-Based Lending (SBL). This financial strategy allows borrowers to use their investment portfolios as collateral for loans, providing a range of benefits that extend beyond traditional lending methods.

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Current State of the Industry Amplifies the Importance of Funding

Telecom companies, including general contractors and subcontractors, have found themselves stuck between the tier-one carrier slowdown and rising interest rates that pressure bank financing. The deceleration of 5G deployment not only puts projects on hold, it can also delay payment cycles on work that has been completed, ultimately causing cash flow issues.

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Working Kapital Life

A wise banker once told me “Only companies with capital deserve to grow.” Now, I understand that this could be met with debate, but hear me out. I do believe the underlying message here is that when a company has strong controls in place to grow their capital stack and has an opportunity to grow their top and bottom lines, they should use their capital in strategic ways to grow and not based solely on opportunities that present themselves.

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With recessionary fears looming, here’s how SMBs can prepare for what’s ahead

Considering the current economic climate, the rate of inflation and a potential recession looming, preparing workable solutions to implement ahead of financially stringent times is imperative for small and mid-sized businesses (SMBs) who don’t have the resources and financial stability of larger organizations. Because of these limitations, traditional financing options from bank loans to lines of credit aren’t always accessible or sufficient.

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Cash flow can make or break a small to mid-sized business. Alternative funding sources can help

Small to mid-sized businesses (SMBs) make up 99.9% of enterprises in the U.S., according to a report by ForwardAI, and the majority (a reported 60%) of those businesses fail due to poorly managed cash flow. It’s a challenge businesses face on a global scale, and providing SMB owners with more sustainable funding solutions begins with educating partners and local businesses on effective cash flow management and available alternatives.

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FIber Optic Drilling

Invoice Funding Fills Critical Gaps in Cash Flow for Telecom

A startup company needs more than just a great idea and a market of customers willing to pay for the products or services. The cold hard truth is it needs cash. Without collateral, bank loans are hard to come by. Initially, what can keep the doors open and the equipment humming is selling invoices that have been sent to their customers, known as factoring or invoice funding.

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Factoring Is No Longer a Fringe Idea: Now an Impactful Solution for Fast-Growing Businesses

In the past, the term “factoring” has been associated with a negative connotation, a taboo word in the business funding world. The misconception developed from the idea that factoring is only leveraged when a business is in desperate need of cash or in a poor financial state – but that’s not always true. In fact, factoring is an impactful solution for companies to rely on to support a period of rapid growth.

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Inflation isn’t done yet – but for small-to-mid-sized businesses, there are alternative ways to weather the storm.

Recently, Kompass Funding conducted an online poll, specifically regarding finding new workers, retaining talent, inflation, and cashflow. Unsurprisingly, one of the biggest concerns companies face today is inflation. We’ve seen record-high PMI statistics over the last two months, and it’s no surprise that owners are looking for outlets to cope with rising costs.

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Alternative Funding Provides the Engine that Keeps Wireless Running

“The demand for subcontractors and general contractors from the crush of 5G build projects snowballs into the need for cash flow or capital to continue to run these businesses,” John Minnis, Kompass Funding Director of Operations said. A critical resource helping companies to make payroll and cover operational expenses during this time is alternative funding, a solution offered by Kompass. This engine keeps companies moving forward at full speed.

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Kompass Funding helps to strengthen startup companies by increasing their working capital.

The Situation: A startup company specializing in 5G underground boring, a method of installing underground utilities including pipes, conduits, or cables, was winning numerous new projects and were in high demand; however, they struggled to come up with the capital to purchase new equipment and hire additional employees, two necessary components in order to continue to scale their business. As a startup that opened its doors in early 2022, the company did not attempt to seek out traditional funding such as a bank loan.

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Team Spotlight: Ben Hagenkord

For this week’s blog post, we feature a team spotlight on our newest member, Ben Hagenkord! Ben recently graduated from Kansas State University (Go Wildcats!) and joined Kompass Funding as our account executive. In his role, Ben will be focusing on building and managing client relationships across our factoring division, while also assisting with portfolio management and underwriting new opportunities.

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How to Choose the Right Lender

As members of a large industry, we want to help clients find the right financial partner with the right solutions to ultimately help their business grow. With hundreds of different options out there, we are often asked by potential clients “what should I be looking for in a lender?” As a lender ourselves, we want clients to look for 3 key characteristics before entering a relationship: curiosity, mutual benefits, and multiple funding options.

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ROI Calculator

Invoice Funding Made Simple in 4 Easy Steps​

Applying for an invoice funding program can seem like a daunting task, especially if you do not know what information and documents you need to apply. From the first interaction all the way to initial funding, we compiled every action and documents required during each step below. Keep in mind, some applications may be different but generally request the same information.

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Get the funding you need, when you need it.

Give us a call to discuss your business funding objectives, so our advisors can show you examples of similar businesses leveraging cash-flow solutions to scale their business quickly. 

You can customize and manage how you want to factor with Kompass Funding, so you get the funding you need, when you need it. Our clients can even avoid waiting 30 to 60 days for your customers to pay invoices, we pay you the amount of the invoice within 24 hours and assume the risk of collection.

Now you can focus on growing your business. 

Let's talk.
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