Partners Funding Blog

I recently attended a meeting from Enterprise MN where The State of MN Manufacturing Survey was summarized/presented.  Some of the findings were quite interesting and thought we would post a summary of the key points of interest, below: 60% stated workforce is the overriding challenge Confidence highest it’s been since 2008 for both 2017 and

We ran across this article, “5 Cash Management Tactics Small Businesses Use to Become Bigger Businesses“. As written, these are good/primary tactics but there are additional alternatives that can make good cash management sense under certain circumstances (like invoice factoring).  The benefit of invoice factoring is predictable/consistent cash flow and a few of the circumstances for review

The month of April is designated as “Stress Awareness Month”.   I wonder if the designation is strategically placed in April because of the tax deadline? Stress is brought about by many things but have it on good authority money is a big contributor (reference tax time)! Partners Funding is equipped to help alleviate some of

“You can succeed yourself out of business if you don’t understand the relationship between accounts-payable-days and accounts-receivable-days. This perspective will provide you with a better understanding of the impact of time on cash, and how insidiously success burns cash”. – This is an excerpt from a recent article published by B2B CFO and a concept for

According to the MN Trucking Association in a recent article published (3.27.18), ELD enforcement will begin April 1, 2018.  Following is an excerpt from that Article: “Beginning April 1, 2018, if a commercial motor vehicle (CMV) driver is stopped and found to be operating a CMV without a required electronic logging device (ELD) or automatic

We ran across an article titled “How to Decide Whether You Need Debt or Equity Financing for Your Business” and thought it was worth sharing Forecasting 2018 as a great year to expand and/or start a new business, the article speaks to the importance of cash flow and making the right decision in terms of looking for

January is National Mentoring Month and this link is a nice breakout of the SBA/SBDC offices around the country.  A mentor does not have all the answers but can help serve as that sounding board allowing new ideas to generate from two people communicating. If there are financial questions you are facing in your business,

Following is for release today concerning our community involvement project this past month: The employees of Great Plains Transportation Services, Inc. and Partners Funding, Inc. have been involved for the past 25 business days in the eighth annual  “Let’s Help a Charity Dress Casual Campaign”.  In order for the employees to dress casually at the

Reflecting on the past several months, the “what” (funding of commercial receivables, next day) of Factoring is pretty easy to understand but the “why” from a small business perspective is a critical component not easily understood.   As review, having a predictable cash flow partner, like Partners Funding, helps in many ways: Growth – by paying

On line security continues to be a critical topic that we’ve seen many articles/seminars developed to address.  We thought the designation, by the IRS, of next week as National Tax Security Awareness Week of interest and wanted to share the information. Briefly, for the second year, the Internal Revenue Service, state tax agencies and the tax