Commercial Lawsuit Financing

Commercial lawsuit financing is an increasingly popular new source of financing available to business owners. Commercial lawsuit financing is also referred to as lawsuit loan or lawsuit funding. The one good thing about commercial lawsuit financing is that you need not pay back the money unless the case is won. It is for this reason that they are also referred to as ‘no risk loans’.

Lawsuits can sometimes drag on forever. The claimants, in this case commercial establishments or businesses, may no longer be in actual business. They could be in a position where they are no longer able to afford fighting a case. Mounting legal expenses and severe financial crunch sometimes make businesses settle for a lesser settlement amount. Thanks to the advent of commercial lawsuit financing, things are no longer looking bleak for commercial establishments. Commercial clients can now sustain themselves and give their attorney the time required to get their rightful claim, with the help of commercial lawsuit financing.

Another advantage with commercial lawsuit financing companies is that they do not usually ask for a security. They are useful in situations where commercial litigants require financial assistance prior to a settlement. Commercial lawsuit financing is applicable to cases like personal injury claims, wrongful termination, discrimination, and motorized collision, to mention only a few. Although the rules or policies of companies may differ ever so slightly, they are available across most of the U.S.

There are lawsuit funding companies which provide funding only to commercial litigants. Commercial lawsuit finance companies usually finance up to 15% of the potential settlement amount. Before you want to go in for commercial lawsuit funding, it is better that you do thorough homework on the various intricacies involved. You can go through scores of web sites which offer extensive information on commercial lawsuit financing. You can also consult your friends, who may have availed these loans before you. One person who will be of immense help could be your financial advisor.

And don’t forget your attorney. They are probably best placed to give you the required information. They may also suggest you a good company from which to get the funding for fighting the case.

Car Finance Rates

Have you been thinking about the car of your dreams for years now but you just can’t purchase it because you are still short of cash? You don’t have to wait any further because there are lots of car financing options available in the market nowadays.

Car financing enables you to purchase and own your dream car without having to wait until you save the needed funds to pay for the car outright. You can always pay an amount now for a down payment and pay the rest in installments. However, you have to be careful when choosing the company to conduct your transaction with. One aspect that you should carefully look into is their car financing rate package.

Car financing rates vary from company to company. There are companies that offer higher interest rates than others, while there are some that offer a rate of 1.9 percent for the first year and increase the rate the following year without prior notice. This kind of increase can be very inconvenient if you are a fixed-income earner.

If you are on the lookout for really low rates, you can always go online and check online car financing companies. They can offer lower rates compared to other car financing companies. This is because the online company saves a great deal in doing business with you online, which can prove to be more efficient than most personal transactions. They are able to save time and effort explaining because you can understand the details of what they offer through their website’s contents. Thus, the savings they get from the online transactions are passed on to you as their customer.

Getting the best car financing loan can be very confusing. However, if you have the determination and patience to compare car financing rates from different car financing companies, you will be sure get the best deal for your car purchase.

Higher Sales and Improved Margins through Vendor Financing

“We would be out of business without vendor financing” according to the president of a distributor of commercial strength and cardio equipment. Almost 65 percent of this company’s revenues are generated utilizing a vendor financing program implemented over ten years ago. Vendor financing programs provide manufacturers, distributors and dealers from a wide variety of industries the capability to offer customers a convenient way to acquire their products at the point of sale. A few of the key benefits vendor financing provides include:

· Improved vendor cash flow through pre-funding, or financing of the down payment, and reduced receivables through collection of the balance upon delivery of the product

· Improved margins and higher sales by focusing the customer on monthly payments instead of price reductions

· A faster selling cycle – fewer worries about whether your customer has the money in its capital budget or if they can (or will try to) find financing on their own

· Transfer of the financing risk to a third party through non-recourse programs

· The ability to open up new markets including selling your products outside the United States With programs that can provide financing in amounts as little as $5 thousand, vendor financing can be implemented to cover most asset types and a variety of customer credit profiles including start-ups and early stage companies. For amounts up to $100 thousand (and higher), many financings can be approved in as little as four hours after your customer completes a one page application. For larger transactions, approvals can be obtained as quickly as two business days following the submission of financial statements and tax returns. Lease terms can extend to 84 months for equipment with long useful lives sold to qualifying credits. According to a southeastern manufacturer of equipment, the flexibility, creativity and extraordinary support it enjoys through its vendor financing program provides it with a competitive advantage. Its vice president of sales firmly believes that choosing the right programs and leasing company can be the difference in winning a sales competition.

A few questions to ask in selecting the best leasing company for your business include:

· Flexibility – Can the financier fund my A, B & C credits? Can soft costs be included in the financing amount? Will all credits be financed without recourse to the vendor?

· Minimums and maximums – How small and how large of a deal can the financier fund? Any limitations on how much credit it can extend to any given buyer? Any overall minimum or maximum volume requirements to create a program for your company?

· Creativity – How many different programs structures and end user offerings can the financier provide? Will the financier create unique programs to meet the special needs of certain customers?

· Service – What levels of support do you require for sales, marketing, administration and deal structuring? Do your customers require a personal touch or will a highly automated system be a better fit with your sales methods? If you can visualize your company as a one-stop solution provider to your customer’s needs through having the ability to offer fast and easy equipment financing, then vendor financing may provide you with new and profitable opportunities.

Ease your Cash Flow: Invoice Finance

There are several benefits that can be gained when a company decides to invoice finance. A business that deals in the sale of products or services to other businesses will receive the advantage of improved cash flow by using an invoice finance service.

Basically, to invoice finance means to sell or assign your outstanding invoices to an invoice finance company. This company in most cases will give you instant access to a percentage of the total amount of the unpaid invoices assigned to them, commonly from 70-90% of the value of approved invoices. In many cases they may also take responsibility for invoicing, chasing and collecting owed invoices as well as accept a percentage of the loss on unpaid invoices.

Having access to these funds greatly increase the cash flow within your company. Cash on hand for increased production, savings by way of discounts on company expenses, decrease or even elimination of business expenses, and improved opportunities for business loans.

By using an invoice finance service there is no waiting 30-45 days for people who pay on time, and even longer for late payments on invoices. That cash on hand can be more readily available for production, creating an immediate availability for more sales.

Another area the right business can gain greater cash flow from using invoice finance is in taking advantage of discounted payments of business expenses. Many companies offer discounts of as much as 10% if their invoices are paid on receipt or within a certain period of time.

With invoice finance you have cash on hand to pay your bills sooner, rather than having to wait until your customer pays you for your product or service. Increased cash flow also increases your companies purchase power, making it possible to negotiate better terms or discounts from suppliers. The savings in these two areas alone will in most cases outweigh the fee from the invoice finance service.

There are other business expenses that can be cut back or even eliminated when using invoice finance, for example: administration costs, stationery, and office equipment. When adding the expense of employing an accounting clerk, not only their salary but also company benefits, it’s easy to see some great advantages to using an invoice finance service.

Invoice finance can be particularly helpful to a business in the start-up phase. Most lending institutions have strict rules on lending to ‘new businesses’. A bank or lender will only consider a small portion of outstanding (unpaid) invoices owed, often only 40% of the total amount of outstanding invoices, when administering a business loan. By invoice financing your ledger shows cash on hand in place of a large amount tied up in outstanding invoices.

There are some disadvantages to using an invoice finance service. The goods or service your company supplies can have a huge effect on whether your company should use invoice finance. Businesses providing recurring services or product orders are good candidates, while invoices for one-time orders might find it difficult to obtain this type of funding.

These companies prefer to know the debtor and their track record in paying debts before accepting invoices owed by that debtor. Another disadvantage would be if the mark-up sale price of the goods or service provided were less than the amount of the invoice finance fee.

For the right business combining the improved cash flow with a reasonable profit margin along with increased sales orders the business is in a position to expand and the cost to invoice finance can easily be absorbed in increased profitability.

Carbon Finance Ltd