Accounts Receivable Financing Kelowna

Typically referred at as "factoring", AR Financing is neither equity nor debt, yet strengthens a balance sheet - and control of the business always stays with the owner. It is a trusted and effective method of both financing short-term cashflow and outsourcing the administration of credit and the task of arduous collections.

Factoring is a time-honored financing solution that offers many advantages while allowing business owners to focus on operating and building their client base. As opposed to banks, for instance, we offer flexible underwriting. We don't require the lengthy process, personal credit score, business history and restrictive covenants necessary for traditional debt.

Generally, we begin funding about a week after the application process begins. We support startups and high growth businesses, as well as businesses recovering from financial difficulties. Our ability to fund and service your business can keep up with the demands of growth without having to requalify you for a larger loan and charge any subsequent fees.

Your balance sheet remains strong, most importantly. Because we actually purchase the invoice from you and do not take an equity position, you incur no debt and keep control of your own business.

Additionally, we provide a thorough credit analysis on all potential and existing customers so that you can make an informed decision on extending credit, thereby minimizing the risk of bad debt.

Furthermore and finally, our professional collections team relieves you of the considerable time, energy and effort and expense required to follow up with customers to ensure timely payment.

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Ron Finch
Factoring Kelowna BC

Liquid Capital Solutions Okanagan

250 469 9606

250 826 8446 (cell)866 999 0943 (toll free)

rfinch@liquidcapitalcorp.com

www.rfinch.liquidcapitalcorp.com

Ron Finch - When the BANK SAYS NO, there is an alternative solution

My Mechanic said “I couldn’t fix your brakes, so......” “I made your horn louder.”
This was not the alternative solution that I was looking for. At one point or another, every business is confronted with cash flow problems, and although there is an economic downturn at this time, it doesn’t just happen during difficult times!

Businesses need cash for many reasons. A company may be experiencing sudden growth, there may be a need to expand production, there may be a need to fund a major transaction, or there may be an opportunity for big discounts on supplies or raw materials if acted upon quickly. All can create an immediate, sometimes urgent need for funding.

Current research shows that a good proportion of small and medium sized businesses fail because of difficulties in meeting short term financial obligations - not because business is bad. So it seems contradictory for a growing and profitable business to get into serious financial trouble, even go broke. But on closer examination, it’s not surprising. Even if one or two of your larger accounts fails to pay their invoices on time – even if they take an additional 30, 60 or even 90 days to pay - you’ve got a cash flow problem!

Traditionally, business people have relied on corporate lines of credit that are derived from conventional lending sources. When a cash crunch hits, the process of acquiring financing can become a lengthy, arduous and sometimes impossible experience. But today, there is a viable alternative to surviving those cash-strapped cycles.

When the BANK SAYS NO, there is an alternative solution that doesn’t involve giving up your equity or increasing your dept load. This alternative form of financing is known as Factoring and is sometimes referred to as Accounts Receivable financing. That Outstanding Invoice to your customer is cash that you are owed. The problem is that your customer wants to keep it a little longer, sometimes as much as 120 days. But until the invoice is paid, you are handcuffed.

At Liquid Capital Solutions Okanagan, we recognize that invoice as an asset. Quite simply, when a company has credit-worthy accounts receivable, it’s possible, through Factoring, to get immediate cash based on those receivables. So when the bank has to say No, Liquid Capital can usually say YES and provide the much-needed financing that a business requires. More and more, Factoring has become a realistic and workable solution, allowing businesses to prevail when cash flow uncertainties can threaten survival.

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Ron Finch

Factoring Kelowna BC
Liquid Capital Solutions Okanagan
250 469 9606
250 826 8446 (cell)
866 999 0943 (toll free)
rfinch@liquidcapitalcorp.com

www.rfinch.liquidcapitalcorp.com
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Ron Finch - Kelowna -Your Secret is not Safe With Me

Sorry everyone, I know you would prefer that the rest of Canada did not know about Kelowna, but when I go back to Edmonton, and talk to my old friends, I can’t help this huge grin on my face.

With very little prodding, I spill the beans. Don’t get me wrong, Edmonton is a great place to live, for six months of the year. But in Kelowna, we have all the amenities, great climate, no daily traffic jams, and if in any way, our short, mild winter is an inconvenience, wow, we are only an hour away from fabulous ski resorts.

In August of this year, I moved my family here and started a new business unique to the area. Liquid Capital Solutions Okanagan offers small and medium size businesses financial support, based on their Accounts Receivables, also known as “Factoring”. I will explain the benefits of turning your outstanding invoices into instant cash flow, in subsequent articles, but first I would like to introduce myself. I know that, before I consider doing business with anyone, I want to know his or her history and character.

Ron Finch – Business History: I spent the last 28 years in the Chemical Distribution Industry as a Technical Sales Representative calling on Refineries, Mines and Pulp Mills. The ultimate responsibility for these large accounts included Accounts Receivable. I learned, over many years, how crucial cash flow is to a company's growth or even survival. Previously, I had 10 rewarding years as a High School Math Teacher

Personal History: I attended the University of Alberta, Edmonton, receiving BSc. and BEd. degrees. I was drafted by the Winnipeg Blue Bombers of the CFL, but hopes of an extended career was cut short by a severe knee injury. While recuperating in hospital, I began painting in oils. I returned to Edmonton to begin my teaching career. This included coaching High School Football and Basketball, and minor Hockey. Stu Hart of Stampede Wrestling approached me to join the circuit on weekends. I retired from “wraslin” after three years to pursue artistic endeavours and began showing Water Colour Paintings in galleries in western Canada. I am a Past President of the Federation of Canadian Artists, Edmonton Chapter.

Interests: Other than the art, I enjoy Golf, Skiing, and just recently, Tae Kwon Do.

As I have experienced life, I have learned that there are no things more important than relationships. My wife Lynne and I, have two terrific grown sons, Corey & Regan, who are still in Edmonton. We are “encouraging” them to follow us. With us is our lovely daughter Kassidy who we were fortunate enough to adopt in 2000, from the Province on Anhui, in China.

So, it is our sincere intention to make good friends here in Kelowna, but once again, I apologize, I just can’t keep the secret.
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Ron Finch

Factoring Kelowna BC
Liquid Capital Solutions Okanagan
250 469 9606
250 826 8446 (cell)
866 999 0943 (toll free)
rfinch@liquidcapitalcorp.com

http://www.rfinch.liquidcapitalcorp.com/

Financial Challenges our Clients are Facing in Kelowna

ECONOMIC DOWNTURNS can result in their customer’s inability to pay immediately upon receipt of goods or services. Many customers are now demanding terms exceeding 30 days, in some cases as much as 120 days are expected.

RAPID GROWTH that exceeds cash on hand. By that I mean that typically lending institutions will fund based on last year’s balance sheet, but that may be far short of this year’s expectations.

UNEXPECTED EXPENSES that exceed ability to pay. For example, machines can break down at the worst of times, causing costs in repair, and costs in down time.

TIME IS OF THE ESSENCE when opportunities arise, but bank funding can take weeks, even months, to be authorized, when FACTORING can be arranged in days.

COLLECTION CONCERNS Many business owners, especially the less established ones, lack the desire and in many cases, the skills to do professional collection calls.
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Ron Finch

Factoring Kelowna BC
Liquid Capital Solutions Okanagan
250 469 9606
250 826 8446 (cell)
866 999 0943 (toll free)
rfinch@liquidcapitalcorp.com

www.rfinch.liquidcapitalcorp.com