Bay View Funding, a subsidiary of Heritage Bank of Commerce, today announced the appointment of Morgan Hansen as vice president and regional sales manager in Atlanta, Georgia.
Bay View Funding, a subsidiary of Heritage Bank of Commerce, today announced the appointment of Morgan Hansen as vice president and regional sales manager in Atlanta, Georgia.
Topics: Business Growth
San Jose, California — June 29, 2021 — Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced that the Bank continues to expand its Specialty Finance Group. The Specialty Finance Group consists of Bay View Funding’s national factoring business and the Bank’s national Asset-Based Lending (“ABL”)/Corporate Finance team and regional Small Business Administration (“SBA”) lending team in the San Francisco Bay Area. Heritage Bank of Commerce is an SBA Preferred Lender. Bay View Funding is a wholly owned subsidiary of Heritage Bank of Commerce.
The Specialty Finance Group is structured to focus on and serve a comprehensive variety of clients who need alternative loan products. The solutions driven team of commercial finance professionals has a long and established history of funding privately held, microcap, venture-backed, private equity supported and publicly traded companies across the United States.
Topics: Business Growth, About Invoice Factoring
There are times when you may be experiencing a cash flow crunch, or have little or no credit history and you believe traditional forms of finance may just not be an option. During these times you may also worry that invoice factoring companies will also turn you down because of some form of poor credit history.
There are many benefits to working with the federal government, such as guaranteed payment and no shortage of work, but it is not always easy to get started. So how should your trucking company go about obtaining government contracts?
Topics: Cash Flow Solution, Government Contract Financing, Transportation Factoring
In general, cash flow management is one of the factors that determine the financial stability of any business. When customers delay or avoid paying invoices, any company could face cash flow difficulties. Invoice factoring enables businesses to sell outstanding invoices in return for working capital – the capital used daily in trading operations. For many, it can serve as a viable alternative to traditional bank loans and credit exhaustion.
Topics: Cash Flow, Working Capital, Cash Advance, Financial goals, Invoice factoring
Today's economy makes it even more difficult for a business to get bank loans and other traditional sources of funding. The result is a high demand for business financing with many businesses losing out on growth opportunities due to the lack of working capital financing. However, businesses that need immediate financing do have options, factoring being chief among them. Below is a look at factoring and its benefits for freight businesses, especially during the holidays.
Topics: Cash Flow Solution, Freight Factoring for Trucking, Truckers
Your business is growing! You have worked incredibly hard to become successful, but there may be a few habits you could lose to help your business prosper. It is not always easy to be productive, but it helps if you can avoid sabotaging yourself and your business with bad habits that are correctable.
Topics: Business Growth, Cash Flow management
