Category Archives: Small Business Financing

Innovative Lease Services Ranked on Inc 5000 Fastest-Growing Private Companies for 2016

Innovative Lease Services, Inc. (ILS) is excited to join the ranks of America’s fastest growing private companies. The annual Inc 5000 Fastest-Growing Private Companies list, the most prestigious ranking for private companies in America. In three years ILS has seen a tremendous growth of 116%.

Andrew Nere – CEO of ILS, “After 30 years we are very proud to be able to maintain the level of growth we have seen in the last 3 years. We start with a foundation of the best team in the small business lending industry. Then, by investing in both technology and human resources, we are able to scale the company’s originations. The coming years we should see a significant increase and we expect to be a familiar name on this prestigious list.” Continue reading

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5 Reasons to Consider Invoice Factoring for your Business

For many businesses, cash flow can be a major issue. This is especially true if you invoice customers and get paid weeks after services are rendered or goods are shipped. You still have to pay for supplies and labor, but your valuable cash flow is tied up in your invoices. One effective way to solve the cash flow crunch is with invoice factoring. In fact, many companies that often invoice other businesses have found invoice factoring to be an effective financial solution for their business.  Here are the basics and a few reasons your business may want to consider invoice factoring:

What Is Invoice Factoring?

With invoice factoring, you don’t have to wait months for your invoices to get paid. Instead, your invoices are paid in 24 hours or same day. Invoice factoring puts money into your account faster, helping you better manage those times when money is tight. Imagine what you can do with more upfront cash in your bank account!
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5 Reasons to Consider Equipment Financing over Purchasing

Should your business finance or purchase your next equipment need? Here are 5 situations in which you should use financing.

  • Your business is short on cash flow. Financing means your business pays a lower initial expense/cost. Equipment Financing does not always require a down payment, therefore you can acquire a new asset paying a monthly fixed cost in place of paying thousands of dollars for a new piece of equipment at the time of purchase. It is also very common for the financing monthly payment to be lower than loan monthly payments to a bank.
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Keeping up with the Times and Technology – Leasing New Equipment

We live in a fast paced world where the only constant is change. As cutting edge as the newest and greatest computer may be, are you the lucky business owner who gets to fork over the mulah for 10 of them for your employees?

If this sounds like a situation you have been in for just about any piece of equipment, I have a solution for you that might make your day a little less stressful. Leasing New Equipment!

Equipment Leasing is the most ideal for equipment that needs to be upgraded most often. For example; computers, electronics, vehicles and more. Continue reading

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