A/R Factoring - Direct Business Lending in Utah

Are you struggling with the overhead expenses of your company? Do you need immediate funds over existing hurdles of accounts? Direct Business Lending helps you survive from your irregular flow of cash, serves you quickly, with a hassle-free process and at the highest customer service satisfaction level.
Account receivables factoring is the selling of accounts receivable or invoices in order to secure immediate working capital. Factoring has been used by businesses around the world for more than four centuries to manage cash flow.

A/R Factoring is also known as Working Capital Factoring, is the purchase of some or all of the valid Accounts Receivables for goods and services that have been completed in business to business, or business to government transactions, at a discounted offer. In many ways, Accounts Receivable Funding is similar to improving your working capital cash flow by offering your customers a cash discount for paying their invoices the soonest possible time or before the agreed due time. A short-term financing technique for working capital purposes is to collateralize the loans of a company by a security interest in a company’s account receivables. Account receivables serve as collateral, and loans are made on a percentage of eligible assets pledged.
When a business needs cash but does not want to borrow money, they often turn to A/R Factoring which is also known as Accounts Receivable Funding. Rather than obtaining a bank loan, the business sells the right to receive payment on outstanding invoices to an investor or accounts receivable factoring company.
An invoice is created when the business delivers goods or services to a customer. The average customer or debtor may wait 20, 30 or even more days before paying the invoice. Rather than wait for payment from the customers, the business can receive an immediate advance on the face amount of the invoice from Direct Business Lending, where the business sold its right to receive payment.

Direct Business Lending offers not just A/R Factoring but they also offer Small Business Loans, Business Lines of Credit, SBA Loans, Startup Loans. They also cater Business Financing, Business Finance to Business Lenders. Apply now!

 About Direct Business Lending in utah

To obtain business financing in this type of lending environment, you need a strategic partner who understands the current lending market. You also need a partner who is dedicated in achieving the end result, getting your business funded. You will find that partner in us!

We have partnerships with lenders who have the financing to lend, and who believe that now is the prime time to re-invest back into the American Business. Through our partnerships we are able to help existing businesses expand, and start-up companies flourish.

Through our resources you will be able to obtain Business Lines of Credit, Startup Loans, Small Business Loans, SBA Loans and much more about Business Financing.

Direct Business Lending
1050 E 3300 S
Salt Lake City, UT 84106

Angel Investor - Direct Business Lending in Utah

Are you looking for an angel investor to help you finance your start-up business? Direct Business Lending has experts and wealthy individuals who can support your financial needs and mentor you on how to manage your business successfully.

Are you looking for an angel investor to help you finance your start-up business? Direct Business Lending has experts and wealthy individuals who can support your financial needs and mentor you on how to manage your business successfully.

Angel investors are entrepreneurs who invest in businesses looking for a higher return than they would see from a more traditional investment. They are opulent individuals who can provide money to invest in early stage or startup businesses. Many are successful and retired entrepreneurs who want to help other entrepreneurs get their business off the ground especially to those who are novice in a certain field of business. They provide financial backing for small startup businesses or entrepreneurs. Usually they are the bridge from the self-funded stage of the business to the point that the business needs a higher level of funding that a venture capitalist would offer. Angel investors are usually found among an entrepreneur’s family and friends. The money they provide can be a one-time injection of seed capital or ongoing support to carry the company through difficult times.

Angel investors often syndicate deals, which means they join together to invest on the same terms. In a syndicate deal there is usually a “lead” investor who negotiates the terms with the startup. But not always: sometimes the startup cobbles together a syndicate of investors who approach them independently, and the startup’s lawyer supplies the paperwork. They give more favorable terms than other lenders, as they are usually investing in the person rather than the viability of the business. They are focused on helping the business succeed, rather than reaping a huge profit from their investment.

When you are in search of business financing, the idea of an angel investor can seem so enchanting. There are angel investors network that you can search through the internet and find out their stability and experience through their time-tested and battle-harden fund raising techniques. Direct Business Lending has networks of over 300 lenders and would assist you in navigating today’s complex and always changing lending environment.

Direct Business Lending offers not just Angel Investor but they also offer Small Business Loans, Business Lines of Credit, SBA Loans, Startup Loans. They also cater Business Financing, Business Finance to Business Lenders. Apply now!

 About Direct Business Lending in utah

To obtain business financing in this type of lending environment, you need a strategic partner who understands the current lending market. You also need a partner who is dedicated in achieving the end result, getting your business funded. You will find that partner in us!

We have partnerships with lenders who have the financing to lend, and who believe that now is the prime time to re-invest back into the American Business. Through our partnerships we are able to help existing businesses expand, and start-up companies flourish.

Through our resources you will be able to obtain Business Lines of Credit, Startup Loans, Small Business Loans, SBA Loans and much more about Business Financing.

Direct Business Lending
1050 E 3300 S
Salt Lake City, UT 84106

Why Use Direct Business Lending?

The world of borrowing money has become vastly more complicated than ever before. Once upon time, you could walk down the street to the community savings and loan and borrow against the equity in your house to start a business, remodel your kitchen or send Johnny off to college. As long as you had equity in your home, stable income and you paid your bills on time, you were pretty much a shoe in; those days are gone.

The new lending environment is especially hard on new and young business owners that simply cannot qualify through mainstream banks. There are several reasons why business owners are challenged in this new environment. Firstly, the time and energy needed to stay connected to non-mainstream financial institutions is simply prohibitive for many already working overtime and weekends. There are a multitude of new entrants providing numerous different financing vehicles ranging in term, structure and rate and subject to different qualifications. Assuming one had access to all the different portfolios that participate in small business finance, the borrower must still have the knowledge necessary to navigate the process. Both challenges can be overcome with the right business partner.

At Direct Business Funding, we maintain relationships with hundreds of non-mainstream financial institutions that are still lending to new and early stage start up companies. Our professionals are able to quickly assess where to go with any particular type of financing request and determine what it will take to get your deal approved. In addition to providing our clients with access to a large network of lenders, we also provide credit assessment and credit enhancement services that are invaluable to any current or future financing request.

At Direct Business Funding, we keep our pulse on small business finance so that you can keep growing your business while we grow ours.

About Direct Business Lending

To obtain business financing in this type of lending environment, you need a strategic partner who understands the current lending market. You also need a partner who is dedicated in achieving the end result, getting your business funded. You will find that partner in us!

We have partnerships with lenders who have the financing to lend, and who believe that now is the prime time to re-invest back into the American Business. Through our partnerships we are able to help existing businesses expand, and start-up companies flourish.

Through our resources you will be able to obtain Business Lines of Credit, Startup Loans, Small Business Loans, SBA Loans and much more about Business Financing.

Contact Us:

Direct Business Lending
1050 E 3300 S
Salt Lake City, UT 84106
http://www.directbusinesslending.com

Is Direct Business Lending a scam?

Don’t worry!  We don’t take offense to this question.  With the recent economic downturn there is a significant rise in loan scams reported on the Internet.  It is okay to use caution while searching online for small business loans or startup loans.  This is not a silly question.  It is important to realize who you are doing business with.
We have put together a standard method to identify potential scammers.

Advanced Fee Loan Scams

1.    Request for money to be sent in advance to cover “processing”, “application”, ”insurance”, or the “first month’s payment” are indicators of loan scams. Legitimate companies or even small business lenders usually don’t ask for expenses to be paid upfront for processing an application.

2.    Requests that you “wire” or “send” money, as soon as possible to a large U.S. city or to another country using a money transfer service such as Western Union or MoneyGram.

Example of an Advanced Fee Loan Scam

•    Be wary of unsolicited calls, emails or letters offering you a loan.  Many scams start while people are looking on the internet for either a personal loan or loans for a small business.

•    Once contact has been established you are asked to fill out an application and either fax or email it back to the “company”. The application asks for personal information such as your Social Security number and bank account details.

•    You are quickly told that your loan is approved, often with no mention of a credit check. Or you may be told that they have found a company that is willing to handle your loan.

•    After you are notified that the loan is approved, you are instructed to pay a fee in order to receive the money. They might say it is an insurance payment, legal expense and/or collateral/processing charge; or, that you need to make a few monthly payments upfront. This is the Advance Fee.

•    You are instructed to wire the money to a person through Western Union or Money Gram. For loan scams originating in the US, the money is often wired to a person in Canada. Occasionally the payment is made through a bank transfer.

•    The scammers claim that once the fee is paid the loan amount will be transferred into your bank account or that you will receive a check the next day.

•    Of course, the funds never do get transferred to your account or the check never arrives.

•    The scammers then say that another fee/payment is required or that the lending company changed its mind and they will need to find another lending company. Again you are asked to send via a wire transfer.

•    If the victim decides to cancel the loan after the advance fee is paid, the scammers usually say that a refund will be made “next month”. A refund never arrives and eventually the telephone number is disconnected and/or the website closes and the victim is left with no way to contact the company.

Standard Rules:

1.    Do your homework!  Start with a simple Google search on the company that you are doing business with and look at their website.  Search the address and phone number of their office.  Try to determine whether the company is a legitimate organization.  Perform a Google search for the individual you are dealing with on the phone.  Make sure that individual is not using an alias.

2.    Verify that the company is registered with the Better Business Bureau (BBB) or some other Business Bureau Monitoring service.  You can also search for information on the company through the Federal Trade Commission (FTC).  Legitimate companies are registered with the Attorney Generals Office.

3.    Don’t pay up-front advanced fee for vague deliverables.  Scammers will say anything to get your money.  You must be provided with a plan that will accomplish your objective.

4.    Review all agreements carefully.  If you feel uncomfortable don’t sign any agreements.  If you feel like the agreement is something you don’t understand, seek legal guidance and have an attorney review all the documents that you are signing in.

5.    Use your common sense.  If you are engaging in business with a company and you feel like the company is potentially a scam or fraud, you’re probably correct.  Don’t do business with them.

Small business loans offered for wildfire victims

Victims of the recent wildfires in Travis and Williamson counties whose homes or businesses were damaged or destroyed can now register for federal and state disaster assistance including U.S. Small Business Administration loans.

The aid from the SBA includes low-interest disaster loans for homeowners, renters, businesses of all sizes and private nonprofit organizations to cover losses not fully compensated by insurance.

Federal Coordinating Officer Kevin L. Hannes said affected residents should register as soon as possible for help.

“The sooner you register, the sooner you can possibly receive federal and state disaster aid,” said Hannes.

Federal disaster assistance was broadened to include Travis and Williamson counties just days after Bastrop County was declared a major disaster.

Source

About Direct Business Lending

To obtain business financing in this type of lending environment, you need a strategic partner who understands the current lending market. You also need a partner who is dedicated in achieving the end result, getting your business funded. You will find that partner in us!

We have partnerships with lenders who have the financing to lend, and who believe that now is the prime time to re-invest back into the American Business. Through our partnerships we are able to help existing businesses expand, and start-up companies flourish.

Through our resources you will be able to obtain Business Lines of Credit, Startup Loans, Small Business Loans, SBA Loans and much more about Business Financing.

Contact Us:

Direct Business Lending
1050 E 3300 S
Salt Lake City, UT 84106
http://www.directbusinesslending.com

Ohio Gets $55.1M for Small Business Loans

WASHINGTON, D.C. — Ohio’s State Small Business Credit Initiative is getting the green light from the U.S. Department of the Treasury with an allocation of $55.1 million that state officials estimate will generate $551 million in new business lending.

The State Small Business Credit Initiative supports state-level, small-business lending programs; it is a component of the Small Business Jobs Act enacted last fall.

Ohio can access $55.1 million in SSBCI funds, which Ohio officials expect to generate at least $10 in new private lending for every $1 in federal funding.

The Ohio Department of Development says it will use the funds to support its Capital Access Program and launch the Small Business Collateral Enhancement Program and the Targeted Investment Program, which is a new venture capital program.

Under the State Small Business Credit Initiative, all states are offered the opportunity to apply for federal funds for programs that partner with private lenders to increase the amount of credit available to small businesses, according to Neal S. Wolin, deputy secretary of the U.S. Treasury.

States must demonstrate a reasonable expectation that a minimum of $10 in new private lending will result from every $1 in federal funding. Accordingly, the overall $1.5 billion federal funding commitment for this program is expected to result in at least $15 billion in additional private lending nationwide, officials say.

Source

Business Financing Made Easy with Direct Business Lending and BizFundingBuilder

Seeking business financing can be a challenge for some people. Fulfilling all the requirements, documentation, processing and on top of it all, finding the right type of financing can be overwhelming and difficult. For those with favorable credit background, the process can be less tedious as different business lenders scramble to get their attention but to others the difficulties above can be expounded with a low credit score. Negative feedbacks and rejection can often be faced.

Thankfully, for whatever challenge individuals or businesses face in securing their business finance needs, there are now companies specializing in providing assistance for them. Direct Business Lending is one of them offering their services as a strategic partner in getting any business funded. With the expertise in the current lending market and a wide network of lenders, Direct Business Lending can provide funding solutions to businesses in any scale, position and background. DBL loan programs include setting up small business loans, startup financing, SBA loans, business lines of credit and many more.

To serve in a bigger and better way, Direct Business Lending has also launched another website with tools to not only help businesses looking for business financing but also for other businesses and professionals across different industries as well. Accounting firms, lawyers, financial advisers, etc. can use these tools to help their clients realize their objectives. BizFundingBuilder offers products that can used and private-labeled by other businesses or professionals as their own. These products are custom-designed programs that can meet any situation and objective in seeking financing. Whether it is for personal credit, merchant accounts, or non-traditional funding, among others, BizFundingBuilder can solve the problem. Using DBL’s proprietary Funding Assessment system, a business or individual’s needs are properly evaluated and put in a better funding position with the right product. BizFundingBuilder also features other tools such as Business Financing Fundamentals, Lender Strategies, Business Plan Builder and a Loan Package Program.

Jantzen Fugate, CEO of Direct Business Lending, said, “Using the BizFundingBuilder’s platform, Direct Business Lending is able to provide their non-bankable clients a “Path-to-Funding.” Often it only takes a few key changes for a business to qualify for a loan, or obtain a lower interest rate or even better, higher amounts of funding. By maintaining an open and honest relationship with business owners, we offer the tools and experience necessary for small business owners to find the financing they are looking for.”

Whether you are looking to satisfy your own business finance requirements or in a position of helping others to reach their goals, Direct Business Lending and BizFundingBuilder can be of service to you. Visit www.directbusinesslending.com and www.bizfundingbuilder.com today.

About Direct Business Lending

To obtain business financing in this type of lending environment, you need a strategic partner who understands the current lending market. You also need a partner who is dedicated in achieving the end result, getting your business funded. You will find that partner in us!

We have partnerships with lenders who have the financing to lend, and who believe that now is the prime time to re-invest back into the American Business. Through our partnerships we are able to help existing businesses expand, and start-up companies flourish.

Through our resources you will be able to obtain Business Lines of Credit, Startup Loans, Small Business Loans, SBA Loans and much more about Business Financing.

Contact Us:

Direct Business Lending
1050 E 3300 S
Salt Lake City, UT 84106
http://www.directbusinesslending.com

About Direct Business Lending

To obtain business financing in this type of lending environment, you need a strategic partner who understands the current lending market. You also need a partner who is dedicated in achieving the end result, getting your business funded. You will find that partner in us!

We have partnerships with lenders who have the financing to lend, and who believe that now is the prime time to re-invest back into the American Business. Through our partnerships we are able to help existing businesses expand, and start-up companies flourish.

Through our resources you will be able to obtain Business Lines of Credit, Startup Loans, Small Business Loans, SBA Loans and much more about Business Financing.

Contact Us:

Direct Business Lending
1050 E 3300 S
Salt Lake City, UT 84106
http://www.directbusinesslending.com