The New York Institute of Credit & Financial Poise™ Air BUSINESS BORROWING BASICS - Factoring, a Webinar, on April 18, at 2pm CST Through West LegalEdcenter

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NYIC, Financial Poise™ Webinars and West LegalEdcenter are pleased to announce the April 18th premiere of a new webinar “BUSINESS BORROWING BASICS 2018 - Factoring" which discusses this efficient means for a company to get cash fast.

Factoring allows a company to get cash much faster than it would if it waited to be paid on its invoices and even faster than if its customer fails to pay within terms.

Many companies, and most of any size, use borrowed funds as part of their capital structure. Depending on the nature of the business, its size, time in business, whether it has adequate collateral, and other factors, a business has myriad options when borrowing funds. This BUSINESS BORROWING BASICS 2018 Financial Poise webinar series provides a guided tour of the various borrowing options available to businesses, from both a business and legal perspective. Major topics covered include asset-based lending, P/O Finance, Factoring, Merchant Cash Advances, and Market Place Lending / Fintech. Learn the advantages and disadvantages of each, tricks of the trade when negotiating these arrangements, and more!

The fourth episode of the BUSINESS BORROWING BASICS 2018 series is Factoring, premiering on April 18th at 2:00 PM CST (Register Here), and features Moderator Jonathan Friedland of Sugar Felsenthal Grais & Helsinger. He is joined by Paul Clinkscales of Aesir Media Group, Harvey Gross of New York Institute of Credit, and Avi Levine of Star Funding, Inc. to discuss factoring.

A simple way to think about factoring is to think of it as a company selling its invoices or accounts receivable (A/R) to a third party. It is not that simple, however, thus the purpose of this webinar.

A factor makes a profit by buying A/R for less than 100% of its face amount. Companies that transact with factors are often cash-strapped. A factor will typically advance most of an invoice amount – usually between 70% - 90%. When the invoice is paid, the factor will remit the balance the company, less a transaction fee. This arrangement allows a company to get cash much faster than it would if it waited to be paid pursuant to the terms of its invoices (i.e. often 30 days) and even faster if its customer fails to pay within terms. This webinar discusses various common types of factoring arrangements; how to negotiate a factoring agreement; and alternatives to consider before deciding to factor.

The BUSINESS BORROWING BASICS Series is Co-Produced by Financial Poise™ and the New York Institute of Credit. Factoring is sponsored by Premier Travel Management.

Future episodes in the series include “Merchant Cash Advances” airing on May 23rd and “Marketplace Lending/Fintech,” aring on June 20th. All episodes will be available live through West LegalEdCenter and then on-demand following the live premiere.

As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.

About Financial Poise™

Financial Poise™ has one mission: to provide reliable plain English business, financial and legal education to investors, private business owners and executives, and their respective trusted advisors. Financial Poise™ content is created by seasoned, respected experts who are invited to join our Faculty only after being recommended by current Faculty Members. Our editorial staff then works to make sure that all content is easily digestible. Financial Poise™ is a meritocracy; nobody can “buy” her way onto the Financial Poise Faculty.™ Start learning today at

About New York Institute of Credit
The New York Institute of Credit (NYIC) was founded in 1918. A non-profit organization, NYIC bridges the gap between business theory and practice. The faculty of NYIC consists of educators who are primarily credit executives or prestigious and articulate accountants or lawyers who are appreciative of the value of a close alliance of the professions. The synergetic education created out of that special relationship has been effective and acknowledged. You can read more about NYIC here

About Premier Travel Management
Premier Travel Management is a privately owned corporate travel management firm located in the heart of Chicago for over 25 years. Premier Travel Management’s primary goal is to provide unsurpassed professional, yet personal, service to the corporate traveler while offering cost containment programs to their clients for managing travel budgets. To learn more about the services offered by Premier Travel Management, please go here.

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Cristina Nolan
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