Certified Development Company

A nonprofit organization certified by the SBA to provide financing through the SBA 504 Loan Program. CDCs work with banks and other lenders to ensure loan documentation complies with 504 Loan regulations.

Businesses Turn Accounts Receivable Into Quick Cash

By Finance New Mexico

By Finance New Mexico

Accounts receivable represents money a business will get when — and if — the client pays his bill. It’s not money in the bank, but it’s money the business expects to collect within 30 to 60 days.

While waiting, many businesses that are owed large amounts of money — either because of generous or traditionally slow payment policies or foot-dragging clients — can struggle with cash flow shortfalls and be unable to pay their employees and vendors on time. Continue reading