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The Receivables Exchange, the real-time online marketplace for the sale and purchase of receivables, today announced that it won the 2011 “Management Team of the Year” award at the American Business Awards Read More

The Receivables Exchange has sometimes been compared to factoring, but it differs in a number of key respects. For one, the Exchange opens up the sale of receivables to multiple buyers in a real-time auction. Instead of going to one factor for working capital, the Exchange introduces you to several Read More

It works like this: The Receivables Exchange (TRE) is an online marketplace that auctions invoices to institutional investors, who buy them at a slight discount, providing the seller with an immediate source of cash. On average, companies receive funding the day after auctions close. As the companies collect the receivables, they pass them directly to the winning bidder, and that settles up the debt.

TRE describes itself as an eBay for invoices and the cost structure isn’t far off. Most of the site’s 1,000 sellers get between 98 and 99 cents on the dollar, and pay a per-auction fee of 30 to 70 basis points (0.3-0.7%), depending on volume and their TRE track record. Reini says he now simply figures his TRE cost into the price he charges for each new project he takes on. The result: more control over cash flow and more growth Read More

With banks unwilling to lend to any but the most credit-worthy businesses, small businesses are increasingly turning to asset-based lending as a source for capital to fill orders and expand. The Wall Street Journal reports that in 2008, according to figures from the Commercial Finance Association (www.cfa.com), asset-based loans other than mortgages grew by 8.3% to almost $600 billion. And in th Read More

The Receivables Exchange, an online marketplace for real-time trading of accounts receivable, this morning announced that it has closed $17 million in Series C financing led by Boston, MA-based Bain Capital Ventures. Read More

According to a recent article in The New York Times, businesses shouldn't expect banks to begin lending more freely anytime soon.

Many banks will not really have the motivation to lend more aggressively until the Federal Reserve starts raising short-term rates, The New York Times said Thursday. "The trouble is, higher interest rates over all tend to cause the value of credit assets to fall. Read More

America's small and midsize businesses (SMBs) remain cash-constrained with many turning to alternative sources of capital to meet their short-term financing needs. As a result, the practice of selling receivables is showing signs of becoming a growth category as more mainstream companies turn to it. Read More

November 17th marks the one-year anniversary that The Receivables Exchange went live - the first day that accounts receivable were traded electronically in a transparent, real-time, online marketplace. Business history is filled with these moments, a myriad of different instances when the advent of some new technology facilitated behavioral change Read More

CIT's future is uncertain. Liquidity remains the No. 1 challenge for businesses - clearly, now more than ever - even if you're not a CIT customer. Even if your cash flow hasn't been interrupted, do you really want to wait to see if - and when - it will be? If not, what's your next move? If you're like most companies, you're exploring your op Read More

After months of efforts to stay afloat, CITs filing for bankruptcy yesterday sent shockwaves through the small and midsize business community, particularly retailers and manufacturers. Thousands of retailers and manufacturers are seeing their single source of liquidity evaporate before their eyes. Yesterday's filing underscores the fact that c Read More