Factoring is a popular way for seasonal businesses to get a couple of important cash flow injections when they need them most: at the beginning of the busy season and near the end of it. These well-timed revenue boosts are what help them plan for and survive a sizable...
Business Resource Center
Stand out in the Crowd with an AFN Business Line of Credit
A business line of credit can pop up in unexpected places. That’s one of the things the Advance Funds Network (AFN) would like to tell you more about. These unrestricted funds have all kinds of uses, so when we find one that is unique, we like to highlight it. This...
Avoid Tax Liability with a Business Line of Credit from AFN
Tax season is upon us. This year, rumor has it, small businesses are in for a wake-up call. The IRS is cracking down on improper employee classifications. What most of us would attribute to a simple misunderstanding or clerical error, actually goes a lot deeper than...
A Small Business Line of Credit to the Rescue Post-Sandy
When disaster strikes, we assess the damage it causes in different stages. Much like first responders, we initially focus on physical well-being. When physical wellness is restored, we move on to emotional triage. We begin dealing with feelings of loss, grief, anger,...
Trucking and Transportation Industries Heavily Impacted by Superstorm Sandy – How Lines of Credits Can Get Them Back on Track
When I began hunting for early holiday deals a couple of weeks ago, I had no idea what Mother Nature had in store for the Northeast. We’re not talking about your typical Nor’easter. Hurricane Sandy crippled the East Coast infrastructure. Shipping hubs, warehouses, and...
The Benefits of A Business Line of Credit For Trucking and Transportation; Logistically Speaking
Some might say that the auto industry and the business line of credit are a perfect match. Why? Two words: logistics management. The trucking and auto repair industries have one thing in common; they must always be ready with a supply to meet the demand for service....
An Unsecured Line of Credit: The Preemptive Strike for Small Local Businesses like Hardware Stores
Community businesses like Burch’s Hardware in Minneapolis, Minnesota stand as an example of the changing times. The store, which had been an Uptown staple for 80 years, has closed. It’s not the first victim of the recession, nor will it be the last. We’ve all seen the...
Who Benefits most from an Unsecured Credit Line?
An unsecured credit line raises many questions for small business owners. A popular enquiry is "who benefits most from the funding"? This is a reasonable question considering lenders make it sound like approval's guaranteed. If the idea of a risk-free loan with...
How Quickly Should I Pay Back an Unsecured Credit Line?
Debt is a common reality in America’s economic culture and the professional landscape is no different. Everyone has the next quick-fix idea to eliminate it. But is there an effective solution that will allow business owners to re-pay their unsecured credit line...