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Here are the answers to our most-asked questions!
What is
NowFinancing.com?
NowFinancing.com is a division of Creative Business Planning Incorporated, which was formed in 1990.
NowFinancing.com
specializes in financing small businesses and helping entrepreneurs create a stable Cash Flow.
What kind of businesses does
NowFinancing.com help?
NowFinancing.com provides financing regardless of industry. We work with both Hi-Tech and Low-Tech, business-to-business and business-to-customer entrepreneurs.
Our ideal clients are small businesses that range from pre-startups through about $10 Million in annual sales.
What experience does the management of
NowFinancing.com have?
Our President, Morris Bocian, brings over 30 years of strong experience in the business financial arena to
NowFinancing.com. His passion and skill for helping small and medium-sized businesses create and maintain a strong Cash Flow permeates every aspect of his management style.
As a financial advisor, Bocian has participated in over $200,000,000 in transactions that have been consummated, and he has negotiated and/or restructured over $150,000,000 of indebtedness.
Author of the book,
The Entrepreneur’s Guide to Financial Maturity® -- Financing Your Small
Business, Morris Bocian remains dedicated to truly assisting entrepreneurs as they master the art of stabilizing their Cash Flow.
Can
NowFinancing.com help Women and/or Minorities obtain financing for their businesses?
Absolutely!
NowFinancing.com has developed strong, healthy business relationships with a vast array of financial lenders who definitely want to help finance minorities and women.
I consistently have large Accounts Receivables. How can I collect them now?
There are two efficient business ways to obtain money on Accounts Receivable:
NowFinancing.com
has developed excellent financing resources for both of these.
What does ‘Factoring’ mean?
Factoring is the outright sale of your accounts receivable whereby you no longer have title to the accounts. They are then collected by the Factor. And, you have your money!
Will I have to pledge personal collateral in order to Factor my receivables?
No, and you won’t have to assume any additional debt.
I’m a Construction Company and most banks won’t loan on my receivables. Can you help me?
Yes! We can provide funds for even the more difficult Accounts Receivables such as Construction Receivables, Medical Receivables, and Government Receivables. We can provide Factors for all of these areas.
I have pretty poor credit! I also have government-contract receivables. What hope is there for me?
Even though you have poor credit, we can help you Factor your government-contract receivables.
I need something like a Revolving Line of Credit. Is this possible?
Yes! If you have inventory or accounts receivable or other liquid assets to use for collateral,
NowFinancing.com can help you obtain a Secured Line of Credit from one of our financial associates.
I don’t know whether to buy my business equipment or lease it? Which will work best for me?
The many types of leases can be confusing to understand. And, what is best for one business may not be the best solution for another.
NowFinancing.com provides the experience that can save you thousands of dollars by making the right decisions.
From a “sale-leaseback” arrangement to straight leases or loans, there are many options available. We help you choose the best of these options for YOU.
Can you help me find financing for exporting my products?
NowFinancing.com
has many resources and options available that will help your exporting be successful – from local commercial banks to the Ex-Im (The Export-Import Bank of the United States) to The World Bank – and many others.
I’m going into a business. The cost of the inventory will be hefty! How can I finance this inventory?
NowFinancing.com provides Floor Plan Financing for large items like cars, refrigerators, or home theaters.
Few retailers have the funds to make outright purchases of expensive inventory. Instead, the items are purchased by a financing company or a lender who provides the ‘paid’ inventory for the retailer to sell – and the retailer makes the loan and interest payments.
How can I know what lenders are looking for on my Credit Report?
The most important factor in obtaining business financing is the owner’s personal credit history! We can help you understand your credit report, your credit score, and how to go about getting any errors off.
Do I really need a financial relationship with my local banker if I never need to borrow money?
Our advice:
The best time to borrow money is
If you think
NowFinancing.com can enhance your Cash Flow, or if you feel there are other ways
NowFinancing.com could benefit your business, e-mail us at
CashFlow@NowFinancing.com. We welcome your questions! |
