How to Organize Your Desk
1. Start with a blank slate: Remove everything—everything!—from your desktop; and only bring back what you need, as you need it. You’ll quickly realize that many of those “essentials” cluttering…
Prevent Fraud in your Company
Over the year’s cases of corporate fraud involving very large, publicly traded businesses make big news. Every day Small businesses are targets of fraud and deception even if the amounts…
How to Deal with Stress in Business
For almost 25 years I’ve been financing businesses and watching the effects of being a business owner. Then one day I became a business owner! Although I always appreciated how…
How to Start a Small Business
This power point was presented at Mohawk College in February 2014 to help students that are new to Canada access general information on starting a business. Starting a Business
What does a first position on my Accounts Receivables mean?
Generally a Factor will take a first position on all accounts receivables as collateral even if they are only purchasing certain accounts. This allows the Factor to purchase other accounts…
What Security is Pledged for a Factoring Agreement?
When entering into a Factoring Agreement a Factor will take a first position on the account receivable as a minimum requirement for most clients and a personal guaranty is standard.…
Case Study Transportation
This transportation company started with a $75,000 credit limit for US and Canadian invoices. This client had larger invoices and carried larger loads so they required the financing to help…
Case Study Publishing
A company publishing a newspaper was suffering from inadequate systems and was not collecting receivables regularly and never checked credit on the customers. They had a couple of bad debts…
Case Study Factoring Transportation
This Ontario Transportation Company was a start up that had experienced some delays in getting their Transportation Authority and getting the trucks on the road which drained the cash flow. …