Posts Tagged ‘Banks’

Obama proposes $730 million from porkulus to “help” small businesses, but will send $900 million to Hamas?

Posted in Uncategorized on July 31st, 2009 by Wade Henderson – 15 Comments
Steve W asked:


Why does the Obama regime have their priorities mixed up?

Obama will increase the government guarantee on some Small Business Administration loans to 90%. This means he will be helping banks again and not small businesses. He will also give more money to increase “banks liquidity”.

So, it’s all about the banks. My small business will get zero dollars.

Why will Hamas get 900 million?

http://news.yahoo.com/s/ap/20090315/ap_on_go_pr_wh/obama_small_businesses

http://www.thepeoplescube.com/images/captions/Obama_Hope_Terrorist.jpg

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What kind of interest rates do banks apply to small business loans?

Posted in Uncategorized on July 2nd, 2009 by Wade Henderson – 3 Comments
Here Today asked:


Say the loan is $100,000 or so

For Commercial Finance LoansFactoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

The Auto Industry Bail Out

Posted in Uncategorized on April 23rd, 2009 by LJ James – Be the first to comment

I ask what is going on here in the USA? I am not a financial genius and I could be wrong but this is the way I see it. First we bailed out the banks because they gave out too many bad loans. These people who are financial geniuses gave out loans to people who could not afford them, hoping things would get better and the people could pay their Bills. Basically what they did was gambling. Its like me going to Las Vegas betting over and over on red figuring it will come up eventually and when it never does and I lose all my Money. I then go and ask for all of it back plus more! The Banks who gave the Mortgages where given a bail out of around 600 Billion Dollars so they could stay in business. Now as I have read for around half of that the Government could have paid off all those bad loans and helped poor American Families keep their homes. If all the bad loans where paid then would not that take care of all the Banks problems? Instead they gave super rich bankers who mad bad choices lots of Money so they can continue to make the same decisions that failed before and live their incredible lives that most of us can only dream about.

Now we have the same thing going on with the Auto industry. I do not understand why we would bail them out. It seems to me that if you run a business and you fail, well then you fail. Aren’t these the same auto makers who over charge us for their cars? I can not believe none these manufactures can make a car that will last much longer and run on less gas or some other type of cheaper fuel. The Auto industry and the men who run it have been a major controlling factor in the world for many years. Aren’t these the same Auto Tycoons that we have heard stories about them keeping all the new smaller car companies from starting up or “buying up” any competitor who comes up with a better Motor Vehicle for over the last half century? The story of Tucker and his dream of making a better car for hard working Americans, Was that not a true Story?

If these Auto Companies where left to go out of Business many Americans who work at these Companies factories would lose their jobs. I do care and understand that it would be very hard on them. Right now is a tough time for all Americans. But I believe that before the dust could even settle from these companies collapse, We would have many small car manufactures starting up making much better cars at lower prices. These cars would last many years longer then the current ones we drive and I can only guess would run much further on a gallon of gas or some other cheaper fuel source. I would bet that fuel would be much better for the environment. Soon after with the huge super powerful big Three of the auto industry no longer in control and maybe crushing any small start up auto manufacturers, We would have hundreds of small car companies all across the Country and soon many more jobs for everyone along with much better automobiles to drive around in that burn cleaner fuels. Who knows maybe we could even get those dam flying cars we where all promised as Kids!

This is a hard time for this country. I think it is evident in the choices the American people have made as of recent, that we now know we can no longer have the same people in power making the same mistakes. These companies and the people that have been controlling this Country have lead us down this road. It looks to me that now that we have reached the end of the road and there is a cliff. Those that have been leading us are now asking us all to trust them and jump off that cliff and fill in the gap so they can walk over us and allow them to continue leading the way !

The idea of this country has always been if you can build a better Mouse trap you can become a Millionaire.What it looks like to me is these people did not allow any one else to build a better Mouse trap. Then they sold the only traps available making them so they would last only a short time, While charging a real high price for them. It has got to the point where the people can not afford to buy new Mouse traps when the old ones brake and have decided they will either try to fix the old ones or just live with the mice. They need their money for other things more important then new Mouse Traps. Now like in the case of the auto Companies they are asking the Government to give them the Money the people can no longer afford to spend on their products.

Now is not the Money they are asking to be given the hard earned Money the Government has taken from the same people in Taxes who can no longer afford to buy these products! These Companies are getting the hard earned Money of the American People who can no longer afford to buy these over priced Vehicles, That last a much shorter time then the ones made 50 years ago. Now our Government who has been over taxing us for years is thinking about giving away 15 Billion dollars of our money.

What charities and programs are we going to have to cut so these Auto tycoons who have houses all over the world, Their own private Jets and pretty much anything they have ever wanted continue to get richer? Will this money come from our Schools? What about the Hungry Children of the USA? What about all those people who are out of work and those that are going to lose their homes the banks are foreclosing on? I bet 15 Billion dollars could really help them out.

America is the land of dreams. It is the Country where a man can be poor one day and rich the next if he has a good idea. There is nothing that says if you have a great Idea and then you make a Mistake and lose everything the Government will bail you out! We are not helping the poor Auto factory workers here, They most likely will loose his jobs any way. We are only helping the Rich Auto Tycoons to be able to pay for all their many luxuries! Do I think our Government will bail them out? Well to that all I have to say is take a look at who funded many of today’s politicians campaign and then you will have your answer?

Again I am not a financial Genius and I may have this all wrong I am only Your Bro L.J. James AmericanBikerX.com

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Accounts Receivable Financing Simplified

Posted in Uncategorized on March 29th, 2009 by Wade Henderson – Be the first to comment
Kris Koonar asked:


Accounts receivable financing is another name for factoring. It simply means selling your slow paying invoices at a discount to a factor in return for immediate cash. Factoring improves your cash flow and greatly simplifies your accounting process because once you factor your receivables i.e. sell your invoices, the factor becomes the owner and the invoices then reflect on the factor’s books of accounts. The collection of payment related to the invoices is also taken care of by the factor and you are free to concentrate on growth and expansion of your business.

Accounts receivable financing is nothing new and has been around for a long time. Earlier it was only big and reputable companies who could take advantage of this type of financing. When growing competition and stiffer lending norms made it difficult for medium and small companies to obtain financing by traditional methods through banks and other lending institutions, the financial industry gradually extended this type of financing to small and medium companies also.

Necessity of accounts receivable financing is experienced by all businesses which sell their products/services on credit and are constrained to wait for payments for 30, 60 or even 90 days. This leads to a negative cash flow situation for these businesses and they start experiencing severe cash crunch because they need to meet regular and essential business expenses like payroll, purchases, taxes, etc. In many cases such problems can be so severe that they may put a company out of business.

Bank financing is hard to come with many formalities to be completed and hosts of documents and reports to be submitted before a case for financing can even be considered for approval. However, all this still does not guarantee approval when the bank looks into their business records or past performance that has not been satisfactory.

Accounts receivable financing approval is a complete turn around. It does not operate on such principles. In fact the credit history of the seller of the invoices is of little consequence, if at all. Factors take into account the creditworthiness of the clients/customers who have to make payments against invoices. If the customer has a good reputation for timely payments then accounts receivable financing approval sails through even for those with a low credit rating/history.

Required documentation is simple and easy to greatly simplify the financing procedure and makes factoring finance approval opportunities very high. Factors also maintain their own databases of credit worthy companies and help their clients in researching companies to get to know their reputation before they decide to do business with them.

Accounts receivable financing offers other advantages which bank finances do not. It takes much less time for accounts receivable financing to be approved, to be set up and financed. A typical time frame for setting up an accounts receivable account with a factor would be just seven to ten business days. Once an account is set up, it merely takes 12 to 24 hours to credit an account against a factored invoice. The 1.5 to 3 percent factor’s fee is also nominal when you consider the enormous advantages available to a business to continue its normal business activities which otherwise may grind to a halt due to cash flow problems.



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How Accounts Receivable Financing Works

Posted in Uncategorized on February 21st, 2009 by Wade Henderson – Be the first to comment
Kris Koonar asked:


Finance is the basic requirement of any business- be it a small business or large. There are banks, private financial firms that provide finance to a business. Accounts receivable financing is a kind of safety loan where the company that supplies the material to the clients remains satisfied as it has accounts receivable. Accounts receivable is such a case where a client owes the company whatever material he or she gets from the company, and accounts payable is a reverse case of it where a company owes the money. Accounts receivable financing is the other name of factoring and is considered to be the safest way of dealing with clients and vice versa. Accounts receivable comes in the form of cash or goods or in the form of some services.

Accounts receivable financing has the risk-avoiding factor where a company can receive its finances back in case the clients’ business slows down. Accounts receivable can be sold and company can collect the money through it – this happens in case the business of the borrower shows signs of collapsing. That is why it is called the safety loan. It is seen as a quick financing as in some companies having financial crisis, and, in order to get over this crisis, they might make some policies to sale their resources for attractive (outstanding) invoicing. In quick financing, companies instantly sell out the accounts receivable to manage the monetary issues. There are schemes many accounts receivable schemes in the finance market today.

The age of the accounts receivable is considered as essential factor; fresh invoicing will pay more while the older ones are less paid- so older the invoice less the value. It is usually based on the short-term period and the borrower has to return the amount in staggered time. Accounts receivables can be sold where it has more value. This way company can make profits through it. Accounts receivable come under the title of asset on the balance sheet of a public company as clients have a legal obligation to pay the debts; it is totally a risk free business.

Accounts receivable are not area-specific, i.e. not specific to businesses; even individuals can have them for examples checks given by the employer- company owes them for services provided in advance. For accounts receivable financing a company should have the best invoices. It is quite obvious that accounts receiving have its positive sides like it comes to the help of a company, which is on the verge of collapse for the lack of resources; these facilities can be provided in the form of invoices (and that is why outstanding quality is expected from the invoices) on a discounted price. This amount (cash) in turn helps your business. It is always advisable before getting into the accounts receivable financing; the company should check its status whether it really needs money for its business, and whether it really wants to expand its business.

Accounts receivable, while appearing very profitable outwardly, has to always take the company reviews and work on bargaining for discounts.



For Commercial Finance LoansFactoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

Invoice Factoring, Discount Factoring, AR Factoring, Factoring Loan

Invoice Factoring, Discount Factoring, AR Factoring, Factoring Loan

Invoice Factoring, Discount Factoring, AR Factoring, Factoring Loan

Invoice Factoring, Discount Factoring, AR Factoring, Factoring Loan,Invoice Factoring, Discount Factoring, AR Factoring, Factoring Loan,Invoice Factoring, Discount Factoring, AR Factoring, Factoring Loan