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David Leibowitz

Recent Posts

Is Inventory Financing Right for Your Small Business?

Posted by David Leibowitz on October 17, 2016

As you research various small business loan options, you’ve come across – or will inevitably encounter – the idea of inventory financing. However, as with many possibilities in the business lending world, there are a few layers and aspects that you need to know before pursuing or rejecting this option.

What is Inventory Financing?

If you assumed that inventory financing is, as the term suggests, capital that you use to purchase inventory, then you’re right on the right track but there’s more to the story.

Inventory Financing: What You Need to Know

The most important thing to know about inventory financing is that it’s only designed to purchase inventory (hence the name). As such, businesses that exclusively provide services will not qualify for inventory financing – since they don’t stock inventory in the first place.

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Topics: Small Business

How to Obtain Working Capital for Small Business Financing

Posted by David Leibowitz on April 20, 2016

As a small business owner, you know the critical importance of timely and adequate small business financing. However, you may also know from personal experience that banks are not answer to your working capital needs!

That’s because banks are extremely reluctant when it comes to approving small business loans. There are a couple of reasons for this – one that is fairly well known, and one that most people don’t know (because the banks want to keep it a secret!).

The more well-known reason that banks are against providing working capital for small business financing, is that they don’t want to assume any risk. Despite the fact that the Great Recession was engineered in large part because banks were loaning money to virtually anything with a pulse (actually, a cardboard cut-out or fern probably could have received a line of credit back in 2006), today they’re extremely risk averse – to a fault.

The less well-known reason is that it costs banks about the same amount of money to underwrite a small business loan for $50,000, as it does to underwrite a large enterprise loan for $3 million. And so banks get more bang for their buck by serving larger clients. 

So, now that you know why banks aren’t the answer for obtaining working capital for small business financing, the big question is: where can you turn? The answer so that is simple: Mulligan Funding!

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Topics: Small Business

4 Questions to Ask Before Applying for Loans for Working Capital

Posted by David Leibowitz on April 13, 2016

The lending marketplace is more diverse now today than ever before, and this is a very welcome change from a time when banks and credit unions ruled the industry. Clients have more choice, more leverage, and more freedom – and all of these are big steps in the right direction! 

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Topics: Working Capital, Business Loans

7 Reasons Why a Working Capital Loan is Ideal for Your Seasonal Business

Posted by David Leibowitz on April 4, 2016

As a seasonal business owner, you face unique challenges and risks that can do more than put a dent in your annual revenues: they can sideswipe your seasonal business and make it very hard -- or perhaps impossible -- to absorb the blow and make it to next year. A working capital loan can help!

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Topics: working capital loans

How to Use and Get Alternative Business Funding for Seasonal Businesses

Posted by David Leibowitz on March 30, 2016

Seasonal businesses face unique business funding needs that require careful planning as well as rapid access to additional sources of cash flow -- because everything from weather issues, to seasonal worker recruitment/retention challenges can destabilize operations. 

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Topics: Business Loans, alternative business funding

How to Get Short Term Funding for Small Business

Posted by David Leibowitz on March 25, 2016

As a small business owner, you know how essential cash flow and working capital are to your continued growth – and in the long run, to your survival as well.

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Topics: Small Business, Working Capital

How do Merchant Cash Advances Work?

Posted by David Leibowitz on March 21, 2016

As you may have already discovered, or will soon find out, there are different types of business loans, and understanding what each of them are and how they work is essential to making the right financing decision. Below, we explore one of the most popular options: merchant cash advances.

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Topics: Cash Advance

The Best Way to Get a Small Business Loan

Posted by David Leibowitz on March 15, 2016

There was a time when the best way to get a small business loan was to walk into your friendly neighborhood bank, meet with a friendly loan officer, and presuming that “everything was in order”, most likely have your friendly application approved within a few weeks (and perhaps get a friendly bank calendar while you were at it).

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Topics: Business Loans

Business Financing Through Unconventional Methods

Posted by David Leibowitz on March 10, 2016

Although it’s hard to find much of a silver lining when thinking about the Great Recession – especially since some regions of the country haven’t fully recovered, and others might never get back to their pre-2008 levels of economic activity and growth – there is at least one significantly positive by-product: it created major disruption in the lending marketplace, which in turn has led to some unconventional business financing options. We highlight 3 of these below.

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Topics: Working Capital

Understanding Common Small Business Loan Terms

Posted by David Leibowitz on March 9, 2016

When it comes to choosing the right small business loan, factors such as loan total, interest rate, and repayment amount are obviously important. 

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Topics: Small Business