TAB Bank Outlines Financing Options in New White Paper
A new TAB Bank white paper provides an overview of the different financing options businesses are using today to manage cash flow and company growth. The paper provides a deeper look at more traditional financing options such as a line of credit, to more alternative financing options such as accounts receivable financing (also called factoring), and asset-based lending.
The paper, entitled “What Type of Commercial Financing is Right for My Business?” can be downloaded by clicking here.
“Businesses today tap into various financing tools to aid in financing everything from payroll, to equipment expenditures, to broad company expansion. Each financing option has pros and cons, and this paper clearly outlines three of those choices. Even though some of the alternative financing options are becoming more mainstream, we’re finding many executives are unclear about how accounts receivable financing and asset-based lending work, said Justin Gordon, vice president of Sales for TAB Bank
The paper includes five main categories to review the differences between a line of credit, accounts receivable financing, and asset-based lending.
-How the financing option works
-What the underwriting is based on
-Timing of underwriting
-Business profile of a typically user
TAB Bank provides alternative funding services to a variety of industries like transportation, manufacturing, staffing and technology.