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PMF Bancorp Financial Tip On How Exporters Can Grow Sales With PMF Bancorp’s Trade Financing

July 23, 2012 By Leave a Comment

As an integral part of foreign trade, international letters of credit can grow your sales by providing a secure and reliable means of payment. In simple terms, a letter of credit is a financial guarantee of payment separate from the sale. It is a way of reducing the payment risks associated with the movement of goods across international borders.

When PMF Bancorp provides trade financing, its letter of credit services come with the territory. With PMF’s letter of credit, we also make sure your clients are reliable and creditworthy. Naturally, letters of credit and credit checks go hand-in-hand. The goal is to provide the financing you need to complete the deal and help your business.

Letter of Credit

Letter of Credit Services and International Trade

The need for a letter of credit is a consideration in the course of negotiations between the buyer and seller. When the seller has doubts about the credit-worthiness of the buyer and wishes to ensure prompt payment, a letter of credit allows the deal to happen. If the seller is shipping to a foreign country, a letter of credit issued by a financing institution can ensure the safety because payment portion of the transaction is being handled by two independent third party financial institutions.

Letters of credit open doors to international trade by providing a secure mechanism for payment. Financing opportunities, such as pre-shipment finance secured by a letter of credit and/or discounting of accepted drafts drawn under letters of credit, are often available. The expertise of a company like PMF Bancorp with extensive international expertise and experience is made available to help complete trade transactions successfully.

If you are moving forward with an international trade deal, please talk with the experts at PMF Bancorp. By obtaining international letters of credit and doing a background check on your trade partner, we help to ensure both the deal and the accounts receivables. With an international letter of credit, what appeared at first to be a risky venture can turn out to be a profitable expansion for your company.

 

Filed Under: Accounts Receivable Financing, Financial Tips, Financing News, Trade Finance Tagged With: , , , , , , ,

PMF Bancorp Offers Unique Cash Flow Solutions of Factoring, Accounts Receivables Financing For Small Business Owners, Wholesalers, and Independent Contractors

June 19, 2012 By Leave a Comment

For small business owners, wholesalers, and independent contractors, getting business financing is almost impossible in today’s challenging economy. Despite successful business ventures with incoming accounts receivables, their small size prevents them from accessing favorable bank loans and other forms of traditional financing. PMF Bancorp understands the challenges faced by small business owners, wholesalers, and independent contractors, and we believe factoring, accounts receivables financing, trade financing, and purchase order financing could easily provide a solution for many of these small business owners if they were aware of our services.

Invoice Factoring For Small Business Owners

For small business owners, wholesalers, and independent contractors, the extra level of difficulty is that typically, your largest receivables are from your largest clients and your cash flow as well as future ability to make money are all tied together. If your clients and customers fail to pay on time, it is more than your company that can be placed in a tight spot. Hiccups in accounts receivables delivery or cash flow it will immediately affect you on a personal level. With a history of helping small business owners with cash flow questions and problems, PMF Bancorp is the one-stop financial shop that you need to succeed.

Invoice Factoring With PMF Bancorp Is A Cash Flow Solution

Invoice Factoring With PMF Bancorp Is A Cash Flow Solution

A common problem that small business owners find is that most corporate customers often treat them like a regular supplier and demand credit terms. As a result, you have to deliver the work, perform the services, or provide the goods, then wait up to 45 or even 60 days before getting paid. Such a long waiting period is often a rude awakening as few small business owners or independent contractors can afford to wait this long for payment.

PMF Bancorp Is A One-Stop Financial Shop

PMF Bancorp delivers an alternative that has been gaining traction in small-business circles as a solution to this problem. Factoring and Accounts Receivables Financing provides a funding advance on your open invoices while ensuring that your customers are credit worthy using our credit experience. PMF Bancorp can help to provide small business owners, wholesalers, and independent contractors with the necessary cash flow that helps your business continue to survive. Beyond survival, we also can help you grow and prosper with a variety of added financial services.

An advantage of factoring and accounts receivables financing is that your clients do not need to pay their invoices any quicker. As opposed to a fixed size business loan, factoring lines are flexible because they are tied to your sales (not your equity and historical profitability). This enables the factoring line to increase as your business continues to grow whereas other loans cannot. If you want to know more and access a free consultation with our factoring and accounts receivables financing expert, please take the first step and contact us today and call us at (310)-858-6696.

Filed Under: Accounts Receivable Financing, Financing News U.S., Invoice Factoring, Wholesalers Tagged With: , , , , ,

Wholesale Food Distributors Booming And Accounts Receivables Financing Needed To Ensure Cash Flow

March 23, 2012 By Leave a Comment

The business of wholesale food distributors is booming because more and more Americans are choosing to eat at home. The challenge is that booming business means more inventory needed and more cash out of pocket. How do you keep the cash flow smooth and secure? PMF Bancorp has created a number of viable financing programs for wholesalers and distributors through its import financing, accounts receivables, and short term loan financing lending solutions that ensure confidence and continued growth.

Wholesale Food Distribution Booming

Wholesale Food Distribution Booming

With the American economy still reeling and unemployment hovering at over 8%, more and more people find that they cannot afford to eat out. Restaurants are too expensive and fast food simply is not healthy. What has become the most sensible option is to eat at home, and the direct result is booming business for wholesale food distributors. Yes, such an outcome of events is a big positive, but also includes financial challenges and unexpected difficulties.

When wholesale food distributors suddenly find their business booming and a need for increased inventory on account of bigger orders, how are they supposed to cover the new costs? Without question, the money is coming in and more is being made, but there is always a thirty, sixty or even ninety day gap before the cash paid out comes back in the form of profits. What are you supposed to do to cover the financial gap without potentially putting your company at risk of not having enough working capital?

Luckily, PMF Bancorp has an arsenal of proven financial solutions that have worked for wholesale food and other types of distributors as well in the past… and will work for you.

More Demand Means More Money Upfront

More Demand Means More Money Upfront

Through factoring and trade financing solutions with a company like PMF Bancorp, you will be able to access much-needed working capital by financing your Accounts Receivables and your inventory needs. You can have the financial resources and confidence you need immediately without the burden of credit checks and jumping through the endless hoops of bank bureaucracy. With a proven track record, PMF Bancorp can help wholesalers of any type take real advantage of the sudden flush of success in sales that could happen as this economy rebounds. Please be prepared as selling is only half the battle…the other half is having enough working capital at the right time.

Why should you have to worry whether you will have enough cash on hand and financial resources to keep up with the new inventory demands or clients that need you to provide extended terms? By contacting PMF Bancorp and accessing a wide array of proven financial services, we can help ensure that your success is successful and does not undermine your business. For more information on customized financing solutions, please contact

Filed Under: Accounts Receivable Financing, Financing News U.S., Small Business Loans Tagged With: , , , , , ,

CASH FLOW IS KING… 4 Ways Your Company Could Benefit from PMF Bancorp

October 1, 2011 By Leave a Comment
Keep The Cash Flowing

Keep The Cash Flowing

In a challenging economy, PMF Bancorp realizes that cash flow is the key to maintaining the profitability and productivity of your company. Without the benefits of earnings as well as working capital, income levels cannot be maintained. Since you need money to make money, it is essential to keep open all possible channels to potential cash flow. If the cash flow suddenly stops, your company remains stuck as well. PMF Bancorp understands this reality, and we have a workable solution through accounts receivables financing and invoice factoring.

Invoice factoring and accounts receivables financing are positive techniques that allows your business to secure loans against your incoming invoices. PMF Bancorp’s mission is to make it less difficult for your company to achieve the working capital it needs when compared with the difficulties of getting a bank loan. As we all know, your outstanding invoices clearly mean that capital will be coming in, but not as rapidly as you might need.

Working Capital Is Essential

Working Capital Is Essential

As a result, PMF Bancorp lets the invoices serve as the collateral in order to avoid any cash flow challenges. Since the latest financial economic difficulties have once again afflicted small to mid-sized enterprises, the solutions that PMF Bancorp offers can fill in the gap. Our goal is to be a full-service provider that helps your company remain profitable and productive.

Here are four cash flow scenarios where PMF Bancorp solutions have proven to be the most successful and the most effective for small to mid-sized companies in the past:

1. Short-term unexpected cash crunch – Invoice factoring allows your organization to handle an unexpected cash crunch without doing damage to the profitability of your business model. We help you stay in business when times are tough.

2. Sudden need for new machinery or business resources – Often your business faces the challenge of needing new machinery or business resources to remain competitive. If you do not have access to the cash needed, your company finds itself in difficult straits. PMF Bancorp provides the funds when you need them.

3. Fulfillment of a contract demands more capital — When you have a big contract that needs to be executed, your company often finds that it lacks the working capital to turn what is needed into a reality. PMF Bancorp can fill in the gap.

4. Trade financing and international credit checks– When a new trade deal falls into place that can help take your business to the next level, you often need financing to make it happen. In addition to trade financing, PMF Bancorp provides international credit checks to make sure that your new partners are economically viable.

Without question, in today’s difficult economy, banks along with other lending institutions are making small and mid-sized companies jump through more and more hoops to obtain financing. Besides increasing their interest rates and hidden fees, they do not provide the funds within a time frame that works for your company. PMF Bancorp knows that invoice factoring and accounts receivables financing offer a better and healthier option. Within a few days, your company can have easy access to the working capital it needs to remain profitable and ensure future productivity.

Filed Under: Accounts Receivable Financing, Asset Based Lending, Financing News, Financing News U.S., Invoice Factoring Tagged With: , ,

How Entrepreneurs Use Accounts Receivables Financing in Tough Economic Times…

July 18, 2011 By Leave a Comment
AR Financing and Entrepreneurial Success

Accounts Receivables Financing and Entrepreneurial Success

Many entrepreneurs are finding it more advantages to use Accounts Receivables Financing than the traditional funding sources that have become so difficult to work with.  When your company needs to raise funds, you need to determine where to find the capital. In a challenging economy, many of the older financing options are less accessible: banks are tight and demanding, friends and family are trying to cover their own mortgages and rent, and angel investors are few and far between. This means you have to be more innovative in how you find capital to grow and/or keep your business operational. Moreover, you’ll need a resource that can provide the cash needed to fulfill new orders, pay staff and suppliers, and cover payroll tax obligations to the federal government in a timely manner.  You don’t have months to wait for approval from a bank, nor can you afford the high cost of money from a venture capitalist, or even giving up your hard earned equity to one. The longer you can avoid raising capital from these traditional sources, the bigger the piece of the pie you get to keep for yourself. One of the best ways to do this is to hook into the engine of the new American dream by using PMF Bancorp for Accounts Receivable Financing and Invoice Factoring (www.PMFbancorp.com).

Entrepreneurs Are The Engine Of Economic Success

Entrepreneurs Are The Engine Of Economic Success

Entrepreneurs Are The Engine Of Economic Success

Good cash flow is the number one determinant of success in business, and by factoring your invoices; you can access a proactive strategy that will keep your cash flow strong.  By demonstrating a consistent cash flow through accounts receivable financing, your business comes across as healthy to potential future investors. After all, factoring invoices is not like a loan. Rather, it is the utilization of your own financial assets to raise more working capital. Banks are lenders who base their financing decisions on you and your company’s credit worthiness. In contrast, invoice factoring is based on the credit worthiness of your clients and the quality of your account receivables.

To start a factoring line is as Easy as 1,2,3…

1)   Submit a 1 page application;

2)   Receive a proposal within 48 hours;

3)   Submit your clients/accounts to be factored;

Then PMF Bancorp quickly moves to approve your accounts, and you can be funded in 24hrs after account(s) are approved. Suddenly, your company can go from cash-strapped on Monday to cash-ready by the middle of the week. As an entrepreneur, you know how essential that switch in perspective can be to the ongoing success of your venture.

If you have questions about how PMF Bancorp can help turn this envisioned goal into a working reality, please contact our financing experts today (www.PMFbancorp.com).

Filed Under: Accounts Receivable Financing, Financing News, Invoice Factoring Tagged With: , , , , , ,

Should You Force Clients To Pay Right On Time Or Use Invoice Financing As A Viable Alternative?

July 12, 2011 By Leave a Comment

In the current tough economic climate, many small businesses have come under the gun and found that they could not pay their bills on time. Some of these companies choose to slow down payments to suppliers, increasing the time frame for outstanding bills by an additional 15, 30 or more days. Although this decision threatened to negatively affect their credit ratings, the companies thought they had no other choice in order to survive. After all, since their clients were slowing down when it came to covering due bills, what choice did they have? Should they try to force their clients to pay outstanding bills faster? PMF Bancorp knows there is a better solution

Factoring Option For Small Business Cash Flow

Factoring Option For Small Business Cash Flow

This better solution for such a financial problem is invoice factoring and accounts receivable financing. By not burying your company in debts, invoice factoring with PMF Bancorp can provide the support your business needs in this time of economic downturn. It is not just small businesses or corporate America that fails to pay their bills on time. In the Federation of Small Businesses’ Voice of Small Business Survey, published in 2010, it was determined that a number of central Government and Government agencies made one in three of their external payments late.

A debt-free financing strategy is now available with accounts receivable financing. You can raise funds in order to keep your business operational by factoring your invoices. As a result, you can increase cash flow without having to go to the extreme of pressuring customers via a collection staff. Plus it is so much easier than obtaining a bank loan for a small business. Most banks today like to concentrate on large corporate customers. In contrast, PMF Bancorp specializes in helping small and mid-sized businesses with their working capital needs.

The alternative financing method of invoice factoring means your suppliers will not be paid late. You can maintain these good relationships in tough times while still being able to accommodate new customer growth by extending credit. Loosing a supplier in tough times is not easily replaced. Conventional methods of credit with a traditional bank line have a lot of requirements like personal guarantees, assets, credit checks and the like. In most cases, small businesses might have to wait 30, 60, or sometimes even 90 terms for normal invoice(s) before payment is received.

End Cash Flow Problems With Invoice Financing

End Cash Flow Problems With Invoice Financing

In contrast, Accounts Receivable Financing helps turn accounts receivable into something like a functioning credit line. Even first time applicants can often get cash in 24 hours from PMF Bancorp, and there are usually limited obligations – with no fees up front, no co-signers needed or accounts to open like at a bank. Small businesses that have found it hard to handle conventional funding requirements benefit from PMF Bancorp’s factoring solutions.

If you want to quickest way to improve cash flow using one invoice at a time, then this is it. How many businesses nowadays are left hanging because they remain unpaid after delivering their products and services? The answer as you well know is a multitude. PMF Bancorp will purchase selected invoices at a discount by first looking at the creditworthiness of the client’s customers. The professional rates of PMF Bancorp are extremely competitive and provide a variety of excellent business services. If your business is in a tight financial bind on account of outstanding invoices and a lack of current cash flow, please contact PMF Bancorp. We can help you today.

Filed Under: Accounts Receivable Financing, Asset Based Lending, Financing News, Financing News U.S., Invoice Factoring Tagged With: , , , ,