Did I Make A Bad Lending Decision

As with anyone sitting in the driver's seat of a lending company, there is always a cloud of worry looming. With any client, there always has to be a precaution taken with a deal. Experience only tells us that things can go south with any financing deal. The question we want to cover is, what makes us feel more comfortable in our own skin? Also, we will talk about handling an account we have worries about.

Your young hotshot sales guy just picked up a deal that seems to be paved in gold, great, where do we sign? Everything starts out great, excellent communication, easy verifications, but then something happens... It may not be the same case every time, but there is always a noticeable silence, an extended time between a payment, or something that raises a 'red flag'.

The flag has been raised, now where do we go in trying to get to the bottom of issue? Start with the facts - subtly ask your client if they know anything about a delay in payment, ask for a payment schedule, or just ask the status of a customer. The key is to tread lightly. Applying pressure to a  bruised fruit will only bring about problems.

After pursuing the previous avenue, and not having any luck, it is time to move on to the next step, the customer. Do some research on the internet, see if you can find any recent news about the company on the internet. Google has a great search to use for recent articles.

Check to see what that turns up, then you may have to move forward. At Lenders, we use multiple credit reporting agencies to see what customers are credit worthy. Commercial Credit Reports offers a great reporting, where they send changes in customer's AR, liens, finance updates, and banking updates, to keep us posted. I highly recommend this for a thorough report of a company's credit report.

The next step would to be to talk to your client. Discuss with them the current aging for the customer, ask about any issues they now of, etc. Escalate it to your client's credit manager, and ask about the payment experience from the last 60-90 days.

After getting all of the information you need, see if you can find some fresh trade and bank references. If you have a large exposure with that particular customer, we would recumbent asking for financial statements if the exposure is something to worry about.

Take all you have learned from this investigation, and get back with your client to share the info and discuss proper credit limits, and how to move forward with the customer in question.

Live Long and Factor!

Changing Content Requirement Affects Current SEO Strategies

As any web developer, blogger, or entrepreneur knows, the key to making your business known online, is showing up on the first page of an online search. Up until recently, companies were dumping money into marketing & SEO firms to get their websites to the top of google rankings. The analytics, SEO, PPC, and other factors were key to making the changes necessary to getting up to that point. With Google changing around its web crawling bots, the game is changing. New algorithms change how we gain popularity through searches.

Here are the things that need to become the keys to focus on:

Quality Content - The new king of google rankings is quality content.  To make your site seen, the quality must be there. Just typing random blurbs that connect to nothing, mean nothing. Make a point, an argument, a statement, or something helpful. This will draw readers in to share, talk about, and blog about. Make it readable, and make it enjoyable. Find a topic, talk about, don't ramble (like I do), and it is a pretty simple concept. Make content that people will be engaged in.

Social Media - Oh, you want your name on the top of the search engine results? So does the rest of the world. Where can you find the rest of the world? On Social Media (who'd of thunk it). Get your twtitter handle, facebook page, facebook fan page, pinterest, intstagram, or whatever you find necessary to engage your target audience. Ask them questions, share funny photos, share cool photos of your product with trendy filters, and the options are endless. Get social. Get friendly. Get slightly annoying, but don't overdo it. Too much repetitive nonsense will make your friends/followers/groupies drop off faster than Kirstie Alley on another crash-course diet.

Paid Links - Always handy if you have the extra cash. Pay for some advertising in banners, videos, or just PPC. Find the right ingredients, and anyone can make spaghetti.

Authorship - You have an interesting article, that's fun. You have an interesting article from a Harvard study, even better! Having an authority behind what you publish makes it that more desirable. Make sure to cite the source, and where you got the info from, and a back link is always appreciated.

Mobile - The year is 2013, you know you can't live without a cellphone for 3 minutes. Phones are attached to hips, and hips are attached to chairs in front of computers, thus is life. Anything being put onto the internet should have integrated mobile versions for visibility. New ads are becoming available for the smartphone market, and truly changing the game of advertising. Don't miss the wave, and be left bobbing in the ocean. Optimize for mobile, and don't forget it.


There are some easy pointers to some changes in the SEO world. Make due by changing your ways, adapting to new strategies, and doing a little research of your own.

Live Long & Factor  _\\\///

Factoring Loans

Asset Based Lending

SBA Loans

Are you Factoring Me?

My blog postings have been scarce with all of the new business LCF's business model has been creating, my apologies to our sincere followers. The whole concept of transparency is really becoming a winning factor in our asset-based lending industry. Many companies try to change the game, but all they do is change the fees. Simplicity & kindness are key in this business.

Some in competition with us may say, you can't change the game, there is only one way to do it, we have been in the business longer. That is what our competition would tend to think in the receivables business, but it isn't true.

Lenders Commercial Finance makes it a point to keep things simple for everyone, because who wants to have to read through stacks of paperwork, only to find out they are probing you with more fees than an alien in Area 51? Simplicity, LCF only establishes a Convenient Daily Rate with no other hidden fees, nothing else is tacked on, no start up fees, no ending fees, no fees for looking at someone, no fees for making the mistake of going to a traditional factor to start with, NADA.

It is plain, it is simple. So if you have a business with an existing sales channel, credit worthy customers, a product or service to sell, give us a call. At LCF we were started by entrepreneurs with the point of fixing what is wrong with the receivables industry. We are changing the game, and hope to have your company save money with us soon.

Live long and factor, my friends.   _\V/


Factoring Loans

Say Hello To My Little Friend!

We at Lenders like to enjoy the humor in everyday life.

Here is another one of our finance jokes

Small Business Loans

Skin Care for Women

Luke, I am Your Factor!

So Sometimes at work, my artistic side takes over, and decides to make cliche' comics from common sayings. It keeps me occupied.

If you have suggestions, let me know! My wit does not run on for eternity.

Your Patowan for procuring financing for your small business loan,

Mike

Another lovely Press Release for Lenders CF

Lenders Commercial Finance Announces Innovative Full-Cycle Financing

An Alternative to Traditional Financing/Factoring

Alamo, CA January 28, 2012:  Lenders Commercial Finance, an Asset-Based lending group in the San Francisco Bay Area, has announced the launch of their new Full-Cycle Financing Program.

The tight credit market has impacted countless small and mediums sized businesses that are experiencing cash flow problems. The lack of sufficient operating history and the financial resources to qualify for bank financing often becomes a critical issue for businesses in the SMB space.

Designed to help entrepreneurs overcome the limitations of traditional business loans, LCF loan programs can solve a number of business challenges - building out or acquiring the inventory needed to book and fill new orders, meeting outstanding obligations, bridging cash flow gaps, and paying off obligations that are a drag on businesses.

Full Cycle Financing covers 100% of the cost of getting product from the manufacturer to a buyers loading dock. Post delivery, additional funding up to 90% of the invoice is available, providing additional working capital. Invoices are paid into the LCF lockbox, and fees are deducted from the remaining 10% - the balance is then remitted to Lenders clients the next day.

Ken Wilkens, CEO, commented, “The concept is easy, start when you would like, and stop when it makes sense for your business. LCF provides reasonable terms, rapid turnaround, no hidden costs, and no long-term commitments. Our business model is built on honesty and simplicity for client and customer. ”

Lenders COO, Cal McGinnis, remarked: “We designed this program to help the small manufacturers, wholesale distributors, and service companies who drive American industry to establish working capital lines of credit that have become a difficult find in today’s commercial finance industry.”

#####

Lenders Commercial Finance was founded by a group of San Francisco Bay Area entrepreneurs to help other business owners resolve the same cash flow problems that they experienced in building a number of successful businesses. Lenders provides asset-based loan programs, accounts receivable financing, and equipment dealer flooring services. For more information, please visit: www.lenderscf.com

Asset-Based Lending Press Release

Come and get it! Read all about it!
Lenders is preparing to release a press release in the coming week.
It discusses our new Full-Cycle, commercial lending program, enjoy.

Lenders Commercial Finance Announces Their Full-Cycle Financing

The New Alternative to Traditional Factoring

Alamo, CA January 15, 2012:  Asset-Based lending group, Lenders Commercial Finance, announces the release of their new Full-Cycle Financing Program. Cal McGinnis, COO, stated: “At Lenders, we designed this program to help the small manufacturers, wholesale distributors, and service companies who drive American industry to establish working capital lines of credit that have become a difficult find in today’s commercial finance industry.”

Lenders can help clients build out or acquire the inventory they need to book and fill new orders. From port to port, warehouse-to-warehouse, their adaptable programs have many business plans covered.  After acquisition, LCF will fund a client’s firm purchase orders so they can get their product where a customer needs it, when they need it. Finally, Cash out; LCF will finance a business’ accounts receivable and provide the funding needed to take on new business. Other services are accounts receivable factoring (recourse and non-recourse,) and equipment dealer flooring for serial numbered product with short-term sales cycle.

The lack of sufficient operating history, or the financial resources to qualify for bank financing in today’s tight credit market can have a negative impact on business. Additional working capital to inject into client’s business will allow them to take advantage of opportunities to expand. Perhaps funds are needed to catch up with vendors or pay off other obligations that are a drag on businesses.

Lenders has changed the industry with up front, and honest programs. Their goal is not to lead clients into a financing program with hidden fees, or forcible contracts. Ken Wilkens, CEO, stated: “The concept is easy, start when you would like, and stop when it makes sense. LCF provides reasonable terms, with fast turnaround, no hidden costs, and no long-term commitments. Our business model was built on honesty and simplicity for client and customer, and that is what makes Lenders Commercial Finance different.”

Rather than dealing with a factor or a big bank, Lenders can make their business applicable in all parts of industry. Their commitment to success, and our supportive staff makes sure that their portfolio of business thrives. As a company that was started by entrepreneurs, they have experienced the same battles and successes of business, which is why Lenders Commercial Finance was started, by entrepreneurs for entrepreneurs. 

Make sure to visit Lenders Commercial Finance 

and see how we can help your business grow