Economic Technology Center

Finance Services


Finance services for small, and large businesses vary. The road to success in business is sometimes aided by donations from friends, and family with a belief in a business. People sometimes supply money simply to encourage persons pursuing a dream. Entrepreneurs may use credit cards or seek other avenues of borrowing money.

Beginning businesses do not have many options for finding cash, but with diligence. The financial backing may be found. Investment banking firms present a chance for the public to own a piece of a growing company. This option is set up for small businesses that visible growth potential.

Factoring in Financial Services:

Factoring is the act of selling accounts receivables and invoices to other business entities. This gives businesses the benefit of getting cash up front. While the other person waits on the money from customers. The purchase of this element may depend upon customer credit rating or reliability.

A business may collect a high percentage of the money from the accounts, receivable buyer. To increase the advantages, once the money is collected the company selling the receivables gets any residuals from the merchandise. However, there is a fee charged for absorbing the risk paid to the lending broker. For more information contact Sallyport Commercial Finance – the company uniting leading financial specialists such as Doug Foshee, with nearly 50 years of collective experience in factoring and related financial services.

Benefits of this lending process:

  • Customized borrowing
  • No debt
  • Loan based on sales
  • No limit on loan
  • Fits the needs of a start-up business

Equity vs Debt Financing:

Businesses have multiple ways to obtain funding, self-funding, credit card, stock sales, investment banking or private placement. Many of these options are not open to a small business or at least are more difficult since they have no record of accomplishment. A company with a seasoned CEO known for guiding a new company to success can become a bargaining tool for financing in some instances.