Letter from our Founders
Welcome to Liquidity Matters, our monthly newsletter focused on providing valuable information to help U.S. small and midsize businesses grow — one receivable at a time.
 The long hot summer has not slowed activity at The Receivables Exchange. In the last month, we extended our popular Cash Flow Forums into two more cities: New York and Houston. At our Houston event, Joe Reini of Mason-Grey explained how he grew his IT services business 25% in one year by selling on the Exchange, and Matt Minoff of Nabbr told our New York guests how his company became one of the top video content providers on the web by turning receivables into growth capital. Also in June, we announced a partnership with the U.S. leader in equipment financing, Balboa Capital, were nominated for two American Business Awards and an Ernst & Young “Entrepreneur of the Year” award, and gained the attention of Bloomberg Television, which broadcast a 30-minute interview with Nic exploring the innovative aspects of the Exchange.
In this month’s Liquidity Matters, we’re providing insight into a large piece of legislation, currently being considered in the Senate, that’s intended to spur small business growth. We’ve also profiled Healthworks, Inc., an established health care staffing firm that turned a challenge – shrinking credit lines and revenues due to the economic downturn – into an opportunity to grow by selling invoices on The Receivables Exchange. Finally, in our featured blog, Nic questions whether his natural contrarian tendency to see a silver lining in the nation’s economic troubles is appropriate, or if the correct response is sober realism.
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We value your feedback. Please email your comments or suggestions to: TheExchange@receivablesXchange.com
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 The Small Business Jobs Act of 2010
The Small Business Jobs Act of 2010, currently working its way through the U.S. Senate, could have major implications for the nation’s small and midsize businesses. The proposed bill addresses everything from access to financing to tax liability to expansion into foreign markets. The provisions of the bill are numerous and detailed, but we’ve summarized the ones you might be interested in. The bill under consideration would...
- Establish a fund of $30 billion to provide capital investments to small community banks. The fund would be limited to banks holding less than $10 billion in assets, and the program would reward lenders who extend new credit by reducing the dividend rate they pay.
- Provide $900 million in grants to existing state small business programs that help private lenders extend credit to small businesses.
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 Healthworks, Inc.
TRE Seller Profile
Sandra Wolfe-Korejwo, founder, president and CEO of Healthworks, Inc., built her business into a leading staffing, consulting and education provider for the health care industry, specifically focused on the diagnostic and invasive cardiovascular imaging sectors. Healthworks has developed a deep roster of distinguished customers that include hospitals, medical centers and clinics, such as the University of Pennsylvania Health System, Kaiser Permanente and some of the largest vendor-supply companies in the world, such as Philips Healthcare, Johnson & Johnson, Toshiba and Siemens. more »
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Monetizing Accounts Receivable Into Cash
This white paper will address working capital and the opportunity for private companies to use their receivables to monetize their working capital.
Download PDF (873K) »
An Innovation in Loan Covenant Management for Midmarket Companies
This white paper demonstrates strategies companies can use to better manage their balance sheet and avoid covenant violations. For companies that relied on receivables securitization to satisfy loan covenants, reduce leverage and/or improve their credit rating, that option is no longer available.
Download PDF (284K) » |
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50% of businesses that tried to borrow money in 2009 said they got the funding they needed, compared to 90% in the mid-2000s.
(National Federation of Independent Business)
U.S. small business lending volume decreased 5% between April and May 2010, hitting its lowest level since October, and the fourth-lowest on record.
(Thomson Reuters/Paynet Small Business Lending Index)
Only about 20% of the short-term credit for small businesses comes from banks. Suppliers make up most of the rest.
(Credit Research Foundation)
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The Receivables Exchange, 220 Camp Street, 5th Floor, New Orleans, LA 70130
Toll Free: (800) 658-5880 Email: members@receivablesXchange.com |
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