US Government Now in Accounts Receivable Factoring Business

By Wade Henderson

It makes you wonder what the President will not do to stimulate the economy.

As seen in today's NY Times (03/19/2009):

DETROIT " The Obama administration moved on Thursday to stabilize the American auto industry by creating a $5 billion fund to support troubled parts suppliers.

The program will provide supply companies with much-needed access to liquidity to assist them in meeting payrolls and covering their expenses, while giving the domestic auto companies reliable access to the parts they need, the Treasury announcement said.

So what does this mean for the industry? Until the details are rolled out is hard to say specifically, but the announcement to get into the Accounts Receivable Factoring business is the latest installment of how far the US Government will go to get the economy back on track.

I had predicted that Accounts Receivable Factoring is going to be a major financing method of our economy revival and this proves how accurate that is.

Not everyone is familiar with Accounts Receivable Factoring so I will give you a quick overview. In it basic form, Accounts Receivable is a Line of Credit for Businesses which advances companies funds based on their Invoices that are outstanding.

Most Factoring facilities will advance from 80% up to 90% of the outstanding invoice face value. The cash injection can be used for what ever the company needs the money for " payroll, supplies, inventory whatever. Once the end customer pays the invoice then the reserve will be paid to the company that factored the invoice less the finance fee.

The Factoring fee will vary depending on the advance rate and the days the funds are outstanding but the average is around 2% to 4% per month.

What is often used with Accounts Receivable Factoring is Purchase Order Finance. If you do get Purchase Order Finance you will need an Accounts Receivable Factoring line to go along with it in 99% of the cases I have seen.

This option works best for distributors but Accounts Receivable Factoring can work for companies in nearly any sector. If your company needs financing like this, the best option is to speak to a Professional Commercial Finance Broker because they will be up on all the trends and latest programs available through the various lender channels.

Best of all, in most cases the services of a Professional Commercial Finance Broker will not cost you a fee because the Broker will be compensated by the lender for them preparing the deal for them so it really is in your best interest. - 29886

About the Author:

Pro-BargainHunter.com Multiple Pre-Screened Vendors competing for your business Small Business Factoring Receivable Financing

Factoring Saves Texas Based Trucking Company

By Wade Henderson

What do you think of a bank that would pull the plug on the financing of a successful trucking company that employs more that 100 drivers? Now what I am referring to is a profitable company that is struggling to make ends meet, but is doing just that.

This is exactly what happened to a Texas based freight carrier recently. The explanation the bank gave the owners was that the bank had reviewed its guidelines recently and the trucking company no longer fit the guidelines so in compliance with the covenants in the Commercial Line of Credit they secured 3 years prior with the bank, they were now within their rights to call the loan. The owners of the company contacted an Internet Based Commercial Finance Brokerage who put together an Accounts Receivable Factoring facility for them which not only was able to pay off the bank as required but also was able to increase the amount of financing available to the company for their operations.

This has happened many times to many different companies in the United States and Canada over the last couple of years. As much as President Obama is working to make funding available to companies for their operations, banks still are contracting their risk threshold and are less willing to expose themselves to risk every day.

Many businesses are in dire straights in regards to their cash flow and the last thing they need is more debt. Accounts Receivable Factoring is designed just for this situation. It is not debt, the advances you get is your money so you are not increasing your companies debt load by using it.

It really does not matter if you are in Canada or United States; it is the same story all over. Commercial Lenders do vary in regards to the products they carry and the strengths they posses in the various industries. Just because a lender is good in Commercial Equipment Loans does not mean they can handle you Line of Credit in your trucking company. Commercial Finance Brokers have the experience to know who does what the best.

Commercial Finance Brokers are up to date with the latest changes and options available. Many Commercial Finance Brokers can handle Financing options ranging from Accounts Receivable Factoring, Purchase Order Finance, Export Finance, Commercial Equipment Loans or Commercial Mortgage. - 29886

About the Author:

Pro-BargainHunter.com Multiple Pre-Screened Vendors competing for your business Accounts Receivable Factoring Accounts Receivable Financing

Choosing a Wedding Photographer For Your Wedding

By Jennifer V. Lea

Photography is an art of creating still or moving pictures and it is the best hobby one could have. With photography you could preserve wonderful memories, capture special events, tell stories, and send messages to someone dear to us. But, in order to take the best shots - may it candid or is taken during special occasion, you should choose a good photographer. Of course, the photographer who captures you should be able to work with you to create the best shot of your special day. But how are you going to pick a good photographer?

Obviously to have the best photographer, you should always shop around. Yes, you should do your research. You can ask a friend or a family for some recommendations. They might know someone who is better in photography and through their recommendations you can formulate a list of candidates for the job. Also, don't forget to ask their websites, they might have an online portfolio for customers to view. By just looking at their previous work, you could compare whether or not their styles and the types of shots that they have taken are in line with what you have in your mind. You can even read testimonials from other people. And it will also open your eyes to the fact that photographs don't have to look the same. And by doing this, you can narrow down your list to a few prospective candidates; then have their contact numbers and arrange face-to-face meetings.

Once you've met with the chosen photographers, it's time to make a decision. Be sure you choose a photographer that you like and understands your vision. It's important to have good rapport with the photographer since you'll be spending a lot of time with the person on your big day. You want to feel confident about the photographer's abilities so you can relax and enjoy yourself. Once you feel comfortable with your selection, go ahead and make a commitment.

Alright, the next thing that you need to find out is the charges; how much will he charge you for his work? Some photographers charge by hour and others offer packages for a fixed rate. So for packages, get him to explain what's included in it, ask for any extra costs such as travelling and know the mode of payment. Having a basic idea of his rate, you can then work out how long you want him to service you.

Taking these very easy steps into consideration will help you in a number of ways to find the best Detroit photographer to capture your special day. Going through this process will give you the opportunity to really know the photographer prior to the day of the event. Best of all, you will ensure that you have wonderful photos that will be cherished for years to come. - 29886

About the Author:

Our recommended detroit photographer for weddings, portraits, and child portraits is Amy Kimball Photography, 500 South Washington Avenue, Royal Oak, MI, 48073 (248) 686-2227.

How To Find A Reputable Detroit Carpet Cleaning Company

By Hank Moodie

How to find the best Detroit Carpet Cleaning provider for your needs may be a little difficult considering there are so many companies and they all say they do excellent work. Well, of course any company is going to say this or they might as well not be in business. Then it does boil down to finding the company that will meet your specific needs.

Often when it comes to hiring a good cleaning company the services will be more involved than just cleaning a carpet in your home. Many people in the Detroit area have luxury automobiles and boats with carpet and upholstery that will need cleaning. There are also expensive blinds and drapes that will need to be cleaned as well. This then means that the company you choose might be the one that offers diversified services and perhaps bilingual technicians for your convenience.

There are actually several types of carpet cleaning methods that are available like dry foam, steam cleaning, dry cleaning, absorbent pad cleaning, and encapsulation. Hot water extraction is one of the most popular methods today. Your first step in finding the best cleaner for your needs is to decide which method you will want used on your carpets and upholstery.

Now that you have the process that you want your cleaning company to use you can do some comparison shopping on the Internet to narrow your choices and find the one that will offer competitive pricing. You can always ask family and friends about any experiences they have had with the companies that they have used. Ont he websites there are usually reviews about the service the company provides which are usually helpful. You can simply your search by using Detroit carpet cleaning in the search engine.

Get some estimates from your local area and online. These should be free and should have a list of the services that will be included int he pricing and that can be added to the quote. This way you can narrow down your search and find the best deal around for the type of company that you desire. Questions you should ask include asking about the availability of any deodorizers if you have animals in the home and if they will be using chemicals that are okay to have around your children and your pets. Also find out if they will be moving any furniture as part of their serviced and if they have sufficient insurance to cover anything that might accidentally happen to your carpet during the cleaning process.

You might ask to see the container of the chemicals the cleaner plans to use before they put it on your carpet. They may say ti is safe for your family and pets but it is best to look for yourself. Also you should ask the company if they have done sufficient checks into the backgrounds of the technicians that they will e sending into your home.

If you have any concerns, ask for references of customers with phone numbers so you can check with a couple and see what they think about their experience with the company. - 29886

About the Author:

Detroit Carpet Cleaning Service Company offers top of the line service to all areas of the city.

How To Find A Reputable Detroit Carpet Cleaning Company

By Hank Moodie

Choosing the perfect Detroit carpet cleaning service company can be a little daunting because there are so many and they all say they do excellent and reliable work. If they wish to remain in a competitive business they do need to provide excellent service. The difference then will come with the type of service they do provide and the process that they use for their cleaning.

In Detroit, there may be needs for a good carpet cleaning service other than just your home. So many individuals in this area own expensive vehicles and very expensive boats. You may want a company that not only specialized in carpet cleaning but also in cleaning draperies and blinds. You may prefer one that will do fast and safe dry cleaning over steam cleaning. If language is an issue, many companies in Detroit have multilingual technicians.

There are actually several types of carpet cleaning methods that are available like dry foam, steam cleaning, dry cleaning, absorbent pad cleaning, and encapsulation. Hot water extraction is one of the most popular methods today. Your first step in finding the best cleaner for your needs is to decide which method you will want used on your carpets and upholstery.

Now that you have the process that you want your cleaning company to use you can do some comparison shopping on the Internet to narrow your choices and find the one that will offer competitive pricing. You can always ask family and friends about any experiences they have had with the companies that they have used. Ont he websites there are usually reviews about the service the company provides which are usually helpful. You can simply your search by using Detroit carpet cleaning in the search engine.

Get some estimates from your local area and online. These should be free and should have a list of the services that will be included int he pricing and that can be added to the quote. This way you can narrow down your search and find the best deal around for the type of company that you desire. Questions you should ask include asking about the availability of any deodorizers if you have animals in the home and if they will be using chemicals that are okay to have around your children and your pets. Also find out if they will be moving any furniture as part of their serviced and if they have sufficient insurance to cover anything that might accidentally happen to your carpet during the cleaning process.

The chemicals that the company uses in the cleaning process need to be environmentally safe and of course, safe for your children and pets. Ask if they have done background checks on their technicians that will be coming into your home.

If you still have any concerns you can ask for customer references with phone numbers to check on the credibility yourself. - 29886

About the Author:

Detroit Carpet Cleaners offers top of the line service to all areas of the city.

Detroit Garage Door Repair Services

By Wilmer Boscoe

Finding Detroit garage door repair services will involve using the Internet and a search engine, for the most part. In this new digital age we live in, it's the single best way to find most anything, especially when it comes to items like having a garage door repaired in the city of Detroit. There are both intra-city and suburban companies that offer such services.

For the most part, garage doors fall into two general categories; automatic and manual. Automatic doors are usually those that slide up and down, while manuals may slide up and down or open and close inwards and outwards. Mechanically speaking, automatic garage doors can be more involved in a mechanical sense, and neither door makes for an easy do-it-yourself repair.

Most garage doors have a couple of complex mechanisms -- if they are the up and down, sliding variety -- that helped to make them a bit more complex to repair, on average. For one, a sliding garage door can be extremely weighty, meaning that it probably takes more than one person alone to do such repairs. Also, there is the matter of the garage door opener and tension spring.

These two items (the automatic door opener and the spring) present their own issues. The tension spring, especially, can be somewhat dangerous to install or repair if one isn't extremely careful. Should it break away, the spring could cause a great deal of physical harm to an unfortunate person who happens to be standing in its path when it snaps.

The automatic door opener is a bit complex on its own, and there are too many interior parts that are easily repairable by a do-it-yourselfer. For these reasons, most garage door experts recommend that if a door needs repair, a professional should be called. He or she has a great deal of experience with such doors and knows how to repair them efficiently and quickly.

Large nationwide home improvement companies offer installation and repair of garage doors, as do many local door installation companies that not only install garage doors but also just about every other kind of door imaginable, whether in a home or residence or office building and the like. Most will offer not only repair but initial installation and scheduled maintenance services.

What to know about Detroit garage door repair companies, then, means understanding that the best companies will probably be those that are found on the Internet and have their own websites. There are more than a few in the wider Detroit area, as a matter of fact. Take a few moments to conduct an Internet search before deciding on a particular company, as some are more skilled than others are. - 29886

About the Author:

Learn more about automatic doors and openers. Stop by Wilmer Boscoe's site where you can find out all about Detroit Garage Door and what it can do for you.

Catering Detroit: Dividing the Good and the Bad

By James "Catering" Nicholson

Certain businesses, while not recession proof are largely recession-resistant. These include manufacturing jobs that make diapers, peanut butter and sodas - and surprisingly, event catering. While people habitually cut back on expenses during lean times, they still get married, they still hold family reunions and businesses still hold catered conferences to try to drum up sales. This means catering - even in Detroit - can be a sound business to get into.

Catering Detroit is like any other business opportunity. You need to go into it with your eyes open and a business plan. Understand what your costs are, understand who your customers are and work out how much business you need to have to turn a profit.

One of the most attractive benefits of starting your own catering business is that it doesn't usually require a huge amount of capital. To the contrary, catering Detroit can mean nothing more than starting out as a personal chef, providing a certain number of ready-prepared meals to families. You'd be surprised and just how many people hire a personal chef in order to prepare their meals, simply because they find it makes sense economically.

Basically, one of the first things you'll need to do is to calculate how much money you will require in order to purchase all the necessary ingredients. Also, you may need to upgrade your kitchen slightly in order to allow you to accept larger orders. You'll also need to consider how you should go about attracting new clients. Lastly but not least, you'll need to pay attention to transport, in that you'll need to deliver meals while they're still warm, even if it means you need to purchase several warming trays.

Your first clients when catering Detroit will probably come from friends and family, or from checking out the newspapers for wedding announcements. Useful ways to market can include dropping off your business cards at bridal shops, or talking to your local high school or middle school about catering dances; you'll have to low-ball some of these initial estimates, but the aim here is to display your cooking and efficiency to a group of people who might use you for family functions.

As far as your prices are concerned, you should always try to follow the golden rule, in that the price of a meal should be approximately three times more than the cost of the ingredients you use. You should also familiarize yourself with the various restrictions you'll inevitably encounter, such as is the case with halal food for Muslims and kosher for the Jews. Remember, being in a position to cater for these groups gives you the upper hand, in that you'll be able to reach a much larger number of people.

Another thing which you can't afford to overlook when you cater Detroit, is the fact that even though very few people suffer from peanuts allergies, the general public seems to be bordering on paranoia with regards to peanuts. For this reason, you may want to consider avoiding ingredients which contain nuts, particularly if you're catering to students or school kids.

The bottom line is; there are several catering opportunities in Detroit, irrespective of whether or not you yourself intend becoming a caterer. In fact, several people run their own catering business without being caterers themselves. Whether you choose to hire people, or whether you choose to do everything yourself, your biggest goal should always be to make a lasting impression. Remember, word-of-mouth advertising is the most powerful advertising in the world, and catering Detroit is no exception to the rule. - 29886

About the Author:

James "Catering" Nicholson is an author and reviewer of various business in the Detroit Area. Please find out about the particular catering detroit location he is focusing his current writing on here: Catering Detroit.