Fast cash flow management techniques for small-to-middle market businesses
When it comes to cash flow management, there are some scary statistics out there. Like this one: 60% of SMEs fail due to cash flow problems. Or this one: on average, small businesses can only cover 27 days of expenses and day-to-day operational costs. It’s a significant challenge; and even if your business is profitable on paper, if you don’t have enough cash to cover your expenses, you run the risk of disrupting operations, missing or delaying payments and stifling growth opportunities.
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.
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.
Why Budgeting for 2024 is Important for Your Financial Roadmap and Overall Growth
Late-night, horror, slasher movies on T.V. Zombies with missing body parts are crawling out of the ground and creepy clowns with sharp teeth are lurking in the sewers. Life-size skeletons, ghosts and goblins adorn nearly every house. It’s spooky season, and yet none of those things might scare you more than the idea of budgeting for the year 2024.
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.
What are the differences between invoice funding & a bank loan?
When business owners are faced with financing and funding challenges, many of them will turn to banks for help. And in some situations, bank loans make sense! However, invoice funding can also be an option to help with cash flow needs. That is why we pulled together some of the key differences between invoice funding and bank loans to help determine which option may make the most sense for your business.
Strategic Partnership: NATE, The Communications Infrastructure Contractors Association
ver the last year, wireless and internet service demand hit all-time highs as millions of Americans were forced to move their workspaces from an office to their living rooms. With 5G already an initiative going into 2020, providers were forced to accelerate their efforts towards 5G implementation across the nation.
Team Spotlight: Operations Manager, Abby Nolte!
Join us in welcoming our newest team member, Abby Nolte, from NYC! Abby recently joined Kompass Funding as our Operations Manager. She was previously based in mid-town Manhattan at JPMorgan where she focused on sales and distribution strategy for their exchange-traded fund (ETF) platform.
What are the benefits of invoice funding?
For many businesses, limited cash flow tends to be a problem owners choose to “deal” with. Lack of cash flow can be the result of many reasons. For example, if clients take a long time to pay for your goods and services. Combine late payments with the impact of COVID-19, businesses are feeling more squeezed for cash than ever. But instead of “dealing” with the problem, invoice funding can help alleviate some of your cash constraints.
