Lines of Credit

Waiting, Waiting for Access to Working Capital

Capital Solutions Bancorp — Fri, 22 May 2009 12:19:26 -0400

Big businesses can raise working capital buy selling stock, but the little companies don't have that luxury. Small businesses just want to make a purchase or two that is sure to fire up and grow business, but they feel trapped as banks keep tightening their lending rules.

Did Your Small Business Credit Card Terms Change?

Capital Solutions Bancorp — Fri, 15 May 2009 18:56:34 -0400

It's true. The National Small Business Association (NSBA) survey reports that in the past year, credit card companies have spiked interest rates, lowered limits or both. 75 percent small business owners responding to the survey say credit card terms are worse. The survey also shows that fewer businesses pay off credit cards every month with only 40 percent doing so. When a business doesn't pay off the credit card, it could see its terms worsen.

How Invoice Financing Can Improve Cash Flow

Capital Solutions Bancorp — Tue, 21 Apr 2009 17:13:19 -0400

Many business owners become frustrated with the administrative part of their jobs chasing down late payments from customers. The time spent in following up with customers to urge them to pay for services rendered or products delivered would be better served in working on income producing activities.

The Danger of Payday Loans

Capital Solutions Bancorp — Sun, 19 Apr 2009 09:10:00 -0400

Payday loans are short-term cash loans that you pay back on payday. Borrowers write a check for the loan amount plus the finance charge to get cash. Lenders hold the check until payday and deposit the check. The interest rate for two-week payday loans can range from 390 to 780 percent! So for every $100 they loan you, you owe $15 to $30 in interest. It won't take long for the number to get big fast and exceed the amount of the original loan.

Ducking Credit Card and Line of Credit Abuse

Capital Solutions Bancorp — Fri, 17 Apr 2009 08:40:38 -0400

Many businesses start out by relying on credit cards and a healthy line of credit from home equity. These businesses might use credit when it needs to purchase something for the business or to keep the business from falling apart when customers took their sweet time paying their bills or the business allows payment plans get out of control.

Glossary of Loan and Finance Terms, Part 2

Capital Solutions Bancorp — Sun, 01 Feb 2009 11:17:09 -0500

Factoring: A company has already performed the service or provided the product, but has not received payment. In this case, the customer owes money to the company. Financial organizations are the factor. They buy your accounts receivables, but not at full value. For example, you have an outstanding invoice for $100. Some factors pay you $75 and take over the invoice along with its risks. Though you lose all or part of the $25, you don't have to wait 30, 60 or more days to see the cash. You have it faster and it may help you grow your business.

Why Capital Solutions is the best choice for you

Capital Solutions Bancorp — Sat, 02 Aug 2008 20:41:23 -0400

If you are like many of the companies considering us, you may be also considering one or more of our competitors. That is a smart thing for you to do. We want you to make an informed choice that is best for you and for your company.

Business to business companies like yours improve their cash flow with Capital Solutions

Capital Solutions Bancorp — Sat, 02 Aug 2008 20:39:15 -0400

You receive the financial services you need to reach your full potential whether you're a...

Meet a few simple qualifications today and get funded tomorrow

Capital Solutions Bancorp — Sat, 02 Aug 2008 19:25:57 -0400

When you come to Capital Solutions Bancorp for your financing needs, you can expect some of the easiest qualification requirements in the market. Hundreds of companies like yours have qualified for our services and you can too. If you meet the following qualifications, we will provide you with a funding solution that you will be thrilled with.