CMS-Working-Capital.jpg

CMS Funding Blog

The Do's and Don'ts of Borrowing Money

Posted by Alan Brown on Aug 16, 2017 10:10:32 AM

 

There are best practices to follow that guide financial success. Failure to adhere to these simple steps may result in a not so desirable outcome. This concept applies when borrowing money, as well. What should you (as a business owner) do to ensure that the whole process goes smoothly? What should you avoid? Let’s have a look!

Read More

Equipment Leasing: What You Should Know

Posted by Alan Brown on Aug 8, 2017 2:34:43 PM

 

Are you in the market for new equipment or technology for your business but are lacking the capital to buy it outright? If you answered ‘yes’ to that question, then equipment leasing may be a viable option.

Read More

A Beginner's Guide to Business Loans

Posted by Alan Brown on Aug 4, 2017 2:57:15 PM

 

The plethora of business loan options made available to business owners today is overwhelming. However, the good news is that businesses of any size can qualify for assistance. According to a U.S. Bank study, a whopping 82% of businesses that fail do so because of cash flow problems. Many businesses make use of business loans to ensure they do not miss out on growth opportunities or the implementation of the newest technologies.

Read More

5 Reasons a Working Capital Loan Will Benefit Your Business

Posted by Alan Brown on Aug 1, 2017 12:13:16 PM

 

As an entrepreneur, launching, growing and maintaining a business can be an owner’s biggest obstacle. From time to time, your business may require quick access to cash. Whether it’s needed to hire and train new employees or make upgrades to existing equipment, a working capital loan may be the answer.

Read More

Keep It Simple and Manage Your Cash

Posted by Alan Brown on Jul 27, 2017 11:28:46 AM

 

At CMS Funding we know a lot about the way different businesses handle their cash flow and funding. With this in mind, we’re going to offer some simple information on managing cash flow and understanding the importance of working capital. Regardless of the size of your business or industry, each business is trying to leverage their cash effectively.

Read More

Why You Should Lease Equipment Instead of Buying It

Posted by Alan Brown on Jul 18, 2017 10:56:26 AM

 

Equipment purchases are a risky investment for any business. Your company has to pay a large down payment to procure expensive, non-returnable furniture, machines, and other necessary items. Then, after a few years of wear and tear, you have to do it all over again. This risk is something many small business owners aren’t willing to take. Instead, they opt to lease equipment. Here’s why they do it and why you should consider it, too.

Read More

How to Obtain a Business Loan with Bad Credit

Posted by Alan Brown on Jul 18, 2017 10:44:09 AM

 

If you’re a business owner who has bad credit, you should know that FICO scores between 300 and 629 are more common than you think. But many traditional lenders still view these low scores as a sign that you might default on your loan payments. According to the U.S. Small Business Administration, 63 percent of small business owners seek funding from big banks, but only about 27 percent succeed in getting a loan. If you’re a member of the majority who gets rejected, you still have options. There are more and more alternative lending sources available to business owners who have a less-than-great FICO score. There are also many work-arounds that allow you to borrow money or establish lines of credit for your business. Here are some that we recommend.

Read More