Guides
The parts this industry doesn't explain.
Short, specific, with the arithmetic shown. Read before you talk to anyone, including me.
Auto repair
Fleet accounts on net-30: factoring or an advance?
One fleet invoice followed from the repair order to the bank, and four ways to carry the wait priced in dollars: factoring, a line, an advance, and a discount.
HVAC
HVAC advances: before or after the season?
A fixed remittance does not know what month it is. A twelve-month HVAC calendar with the debit on it, and what to do if you are reading this in September.
The advance
Merchant cash advance vs. line of credit
The same $20,000 through both shapes: what leaves the account each month, what each does in a thin month, and why the dearer one is on offer first.
Plumbing
Supply-house terms vs. a line of credit
One repipe on the calendar against the supply house's terms, the same eight days priced three ways, and what being late on the account really costs.
Your file
Seasonal businesses: the month the remittance starts
One fixed remittance on six trade calendars. Why applying when your statements look strongest sizes a debit for a business that will not exist in the trough.
The offer in your software
The offer inside your shop or dispatch software
One product with five logos: how to read the capital offer inside your software as a factor rate and a term, and what it cannot see about your business.
Auto repair
Warranty work and your bank statement
How a warranty administrator pays the shop, one ticket followed from the repair order to the bank statement, and what a funding partner sees when it reads it.
Your file
What a funding partner reads in your bank statements
Read your statements the way a funding partner will: the deposits that count, the negative days, the debit that repeats, and the line that decides your trade.
Getting started
Do I need an EIN to get business funding?
Not always by law. But the file a funding partner reads starts with a business bank account, and the bank asks for an EIN. Get one free from the IRS today.
The advance
Merchant cash advance vs. revenue-based financing
Both are purchases of future revenue. One remits a fixed amount; the other flexes with your sales. Which fits depends on how your money moves.
The advance
What is a merchant cash advance, in plain terms
A merchant cash advance is a purchase of your future sales at a discount. What the factor rate means, what it costs in dollars, and when it is the wrong tool.
Know what you’re looking at now?
Then tell me what you need, and I’ll get your request in front of funding partners who work with businesses like yours.