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SMBs -who traditionally finance through lenders- are still struggling without access to affordable capital as banks continue to be risk averse. Even if the CP market does gradually return, longer dated terms of credit will likely linger for a prolonged period of time. A short term 60 day loan still costs money, while 60 day invoice terms are free. Read More

The anxiety level is on the rise again for the nearly one million small and midsize businesses (SMBs) that rely on CIT for access to capital. Recent headlines detail the latest in the century old stalwart's struggles to avoid bankruptcy including a second restructuring. Meanwhile, CEO Jeffery Peek has announced his resignation at year end. Read More

There are specific reasons to be concerned about the current economic climate - notably the commercial real estate market which is facing hundreds of billions of dollars of losses in the next three years. Read More

In today's Wall Street Journal, Meredith Whitney echoes what we hear from small businesses: It's tough to get credit and will get worse before it gets better. "Anyone counting on a meaningful economic recovery will be greatly disappointed," Ms. Whitney says. "How do I know? I follow credit, and credit is contracting. Access to credit is Read More

Business still remains tough for small and midsize firms. Additionally, banks are unwilling to risk holding additional illiquid collateral on their balance sheets should a loan default. Two things will need to happen for banks to become more active in the SMB lending space. Read More

Meet eight startups brimming with ideas, optimism, and revolutionary plans for, yes, the financial industry. Read More

I simply do not see the availability of credit improving anytime soon. Much of the bad subprime loans have already passed through the system, but recent news on the increase of prime loan defaults is particularly worrying. Read More

The Receivables Exchange provides an eBay-like online auction marketplace for buying and selling commercial receivables. This puts businesses (Sellers) in control of their financing, letting them sell their invoices on their terms, without personal guarantees or all-asset liens. Companies can sell single or multiple receivables. Read More

Slipping an 8-K filing in without a press release on something as material as skipping an interest payment is not encouraging. The behavior is indicative of a poor management team sticking to the same strategy that got them in this mess in the first place. Read More

Balancing working capital optimization and reducing pressure on your key suppliers don't have to be mutually exclusive. To bridge this growing gap and satisfy the business needs of BOTH sides of the working capital fence, new technologies have arisen and some traditional methods are getting new looks due to their ability to achieve winning results Read More