Collecting Payments Due

Article Abstract:

Getting a signed letter of agreement from each customer is one way that small business owners can ensure that they will be paid for their work. Getting at least partial payment in advance and asking for a credit card number are other strategies. Offering discounts may encourage timely payment.

Customer relations, Collection (Accounting)

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Using your home as collateral: if you're considering it, be aware of what can happen if the business goes under

Article Abstract:

Small business owners who decide to use their homes as collateral for business loans should carefully evaluate the situation before actually going through with the plan. A carefully-crafted business plan may still fail and debts can be renegotiated so a business owner does not lose his home.

Evaluation, Secured transactions

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Using Inventory For Collateral

Article Abstract:

Asset-based borrowing is a powerful financial took for improving cash flow and company growth. The loan is a revolving credit line that is secured by inventory and/or receivables.

Commercial credit

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