Business Finance | Marketing and Business Growth Resources | Receivables / Invoice Factoring | Merchant Cash Advance | Microloans
While for the past few years the residential housing market, its bubble, burst and slow recovery have garnered a large portion of media attention, it should be noted that home owners are not the only ones who lost equity and found themselves underwater.
Commercial property values took the same hit to equity that the residential market did. And coupled with the Great Recession, business owners were forced to refinance or seek commercial real estate loan extensions en masse.
The WSJ article titled, “Warning: Property Foreclosures Ahead” predicts that more commercial property loans will come due in 2013 than in any prior year. The first wave of extensions is due, or coming due, and thanks to the slow, largely jobless recovery, many business owners are not yet in a position to make the large balloon payments that will be coming due. And with many properties underwater (business owners owe more on the property than the price at which it is valued), business owners find themselves at risk of property foreclosure from their banks.
The problem for many of these business owners is not their business model or their potential for success. The problem is getting access to working capital for business financing when equity is not available.
Without equity upon which to draw as collateral, options for these business owners are limited when it comes to traditional bank loans. If you find yourself in a similar situation and your commercial property is at risk of foreclosure, you still have options available that may help you avoid foreclosure, keep your doors open, give you the means to grow your business and improve its financial footing.
The monies tied up in your accounts receivable invoices are on the asset side of your financial statements for a reason. While not yet realized as money in hand, your receivable invoices represent monetary assets owned by your business.
You can get immediate access to some or all of the money owed to you by your customers immediately, without waiting for them to pay their invoices, through the centuries-old business finance option of Invoice Factoring. When you factor invoices with DB Squared, essentially, you sell us the invoices for immediate payment. We then wait for payment from your customers.
For businesses that accept debit or credit cards as a form of payment from their customers, merchant cash advances can be the means of infusing a lump sum of working capital into the business immediately.
You can continue to grow your business and put your business on more stable financial ground. Having access to working capital could allow you to:
DB Squared provides business finance solutions tailored to your business needs. We want to help you get from where you are today, to where you are tomorrow, and become a valued partner in the success of your business!