| Greetings! |
Welcome to the December 2009 edition of Growth Capital News. While the end of the year signals celebration and merriment, it is also an important time to consider your company's financial position and evaluate what challenges and opportunities lie ahead. This issue of Growth Capital News is dedicated to ensuring you are prepared for year-end and propelling you to success in 2010.
|
| Five Reasons Why 2009 was a Good Year for the Commercial Finance Industry |
I don't deny that 2009 was an exceedingly challenging year for businesses of all sizes. However, 2009 may prove to be a watershed year for the commercial finance industry.
The economic crisis and simultaneous traditional credit drought created an opportunity for the commercial finance industry to step up to the plate and be recognized. The ability of many commercial finance companies to say "yes" to lending when many banks were saying "no," often meant the difference between a business maintaining its position in the marketplace or closing its doors.
1. The industry reminded the business community why factoring and asset-based lending have a 500 year history as it stepped up to finance small to medium sized businesses when traditional lending was either tight or non-existent.
2. Asset-based lending and factoring garnered increased media attention this year, helping to educate business owners on the availability and value of such lending vehicles.
3. The industry gained a new level of respect because of the expanded role it played in commercial lending and was able to significantly reduce the stigma associated with the use of factoring and asset-based lending, further burying the "lender of last resort" moniker.
4. The industry benefited from the fallout in the broader financial services industry, presenting the opportunity to tap into some outstanding talent to further grow companies within the commercial finance field.
5. With more business owners taking advantage of the benefits of factoring and asset-based lending, users of commercial finance are now more likely to share first-hand experience on how commercial financing vehicles helped sustain or grow their business
|
| Year-End Financial & Tax Strategies |
By: Timothy Hilligoss, CPA, Clayton & McKervey, P.C.
In this turbulent economy, coupled with the high-level of financial reporting scrutiny we are seeing, being financially proactive is essential to business survival. As year-end draws near it is critical that businesses are proficient in their accounting practices as well as the strategies they employ to improve financial strength, maximize profitability and minimize taxes. Your focus when implementing year-end strategies can reside in numerous areas and should include a thorough analysis of your accounting and tax system. Just a word of caution: you cannot overlook cause and effect. Whether your financing relationship is good, bad or ugly, your decisions will likely influence your financing relationships and credit terms.
Click to gain insight and tips from the banking/financial, accounting and tax perspectives
|
Should you be using PayPal to accept payments online? Does it make sense for your business? How does it work? Business.com provides a step-by-step overview on evaluating the PayPal decision.
Need a goal for 2010? How about seeing your company included on this list next year? Meet the top-performing, publicly held up-and-comers, from 
