Although much of the sporting goods sold in North America are imported from overseas, there has been an increase in reshoring for many categories. Working capital needs differ greatly between domestic production and importing to get from design to collecting accounts receivable post-sale in the cash conversion cycle.
When business owners reach out to discuss their working capital requirements, many have a need relating to purchase order financing, or PO financing. In the simplest form, they have an order or pipeline of orders, but lack the cash flow to be able to convert their orders into sales.
With consumer spending patterns shifting from services to goods, U.S. manufacturing has benefited from onshoring during the pandemic. Clogged international logistics channels from foreign goods manufacturers combined with national support for job creation...
Factoring is the purchase of a company’s receivables where the factor advances 75-90% of the face value of the invoices once the product or service is delivered to the customer. It’s like a real-time line of credit in terms of cash flow. The reserve, the 10-25% is given to the company when their customer pays the invoice.
While the US and Canada continue to rank high in the aerospace industry, a lot of focus is currently being centered on sustaining liquidity and re-strategizing for growth, both now and in the nearest future.
Corporate finance strategies involving mergers and acquisitions, buyouts, take-overs, distressed mergers and acquisitions, etc., can be very extensive and need substantial financing.
As food businesses focus on continued operations and growth, one thing remains certain — cash is king. Regardless of the food product or service provided, your food business relies heavily on cash to meet a higher scale of demand and operations.
A suitable and reliable financing partner is one that is flexible, understands your business and is...
Investments in information and technology also constitute a major portion of overall expenditure for service businesses....