Welcome to Hamilton Quarterly
Hamilton Quarterly was scheduled to be released in June, but
we delayed sending it in order to include an exciting
announcement. On July 1st, Hamilton proudly announced the
opening of a regional office in the Los Angeles area and the
appointment of two seasoned professionals to our business
development team. Please read more about the Western
Regional opening in the following sections.
Thank you again to those who have recently subscribed to
this newsletter. We welcome and appreciate your interest in
Hamilton. We hope you enjoy this edition.
Regards,
The Hamilton Group
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Factoring Eases Growth Hurdles |
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Most business owners and investors agree that there
comes a point in a business's life cycle where
growth actually begins to work against itself. Sales
may be up and revenues growing, but the current
business can't handle the new challenges. There are
a number of factors that limit a business's ability
to adapt to a rapid increase in sales, including
inadequate inventory, small-scale business
technology, and an undersized staff force. The most
common limiting factor, however, is insufficient
cash flow. Businesses typically find that cash flow
isn't strong enough to support both revenue growth
and physical growth. To overcome these "growth
hurdles" businesses frequently choose factoring as a
practical, viable solution.
Factoring allows rapidly growing businesses to meet
the challenges of rising demand by speeding up their
business cash cycle. Businesses that choose
factoring as a growth strategy have greater control
of their accounts receivable turnover, and can
generate immediate cash when needed. With immediate
cash, businesses can use their revenues more
effectively, rather than stalling inventory
replenishments, production, or new hiring because
cash is held in receivables. Factoring enables a
business to be more responsive to changes, and lets
them run at a pace that is more in line with the
speed of their growth.
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Western Regional Office Opening |
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The Hamilton Group is very pleased to announce that
Richard Kort and Robert Kort, longtime factoring
professionals have joined the firm as Regional Vice
Presidents.
In their new positions, the Korts will be
responsible for marketing Hamilton's financial
products in California and the western states, as
well as championing new strategic partnerships.
"Speaking on behalf of my partner, Michael Howe, we
are extremely excited to welcome the Kort brothers
to our team" says Ken Walsleben, Principal of
Hamilton. "The Korts' proven industry experience
makes them ideal candidates to further Hamilton's
continued momentum. We look forward to their
leadership, perspective and motivation. With their
expertise, we expect an extremely successful entry
into the western U.S. market."
The opening of this Western Regional Office and the
appointments of the Korts marks Hamilton's continued
growth throughout the U.S., and perpetuates
Hamilton's mission to offer businesses a fresh,
smart alternative to business finance.
Western Regional
Office Contact Information:
Phone: 805.370.9200
Fax: 805.370.9201
Email: richard@hamiltongroup.net
robert@hamiltongroup.net
3717 E. Thousand Oaks Blvd.
Westlake Village, CA 91362
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Business Odds & Ends |
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Self-Analysis: Are You an
Entrepreneur?
Take this quick quiz to rate your entrepreneurial
spirit.
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Questions of the Quarter |
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Will Hamilton work with
businesses that are not yet incorporated?
Generally, Hamilton does not fund sole
proprietorships. Mitigating any losses in times of
default would be difficult since owners'; personal
and businesses assets are commingled in the eyes of
the law. Almost always, a sole proprietor can
benefit from incorporation. With the advent of "S"
corporations and LLCs, most previous tax advantages
of sole proprietorships have been eliminated.
Incorporation also offers business owners protection
of personal assets and a shield from
business-related liability. Hamilton routinely helps
to guide non-incorporated applicants toward formal
incorporation. It's a win-win for us all.
What is the difference
between block-time and per-diem pricing?
Block-time and per-diem pricing represent two
different methods for calculating factoring fees.
Block-time pricing bases the factoring fee on blocks
of time an invoice remains outstanding. For example,
the fee may be calculated at a specific rate per
10-day period. In this example, the fee is the same
if the invoice were out for 2 or 10 days. With
per-diem pricing, the fee is calculated on a per day
rate. The advantage of per-diem pricing is that the
fee is directly proportional to the amount of time
the invoice remains outstanding, and unlike
block-time, there is no rounding up of fee days.
When you submit a Question to Questions of the
Quarter, we will send you a free copy of Hamilton's
Pocket Guide to Factoring, a comprehensive and
handily sized guide to terms and options.
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With an accommodating
structure and flexible requirements, Hamilton's
factoring programs offer businesses a fresh, smart
approach to managing cash flow.
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