Eric Standlee's Blog (3)

Infinite Banking – How it Works By Gary Vande Linde Why I am Interested in the Concept Three years ago, I left a large company where I had served as the division engineer for the past twelve years, to become part owner in a small business. The owners hoped that the experiences I had would prove useful in creating a long range plan for their business and in developing a disciplined approach to the use of their financial resources. I was comfortable with the methods and techniques needed to implem… Continue

Factoring Basics History Factoring is the act of selling an asset at a discount for the advantage of immediate cash. As a business, it has been around for hundreds of years. In fact, if you want a Biblical reference to discounting invoices check out Luke16: 1- 13. In the United States, factoring most likely got its foothold at the docks on the east coast. When the growers brought their crops, mostly cotton, to places like Savannah they placed them in dockside warehouses and preceded to wait for… Continue

A growing firm needs funding to continue growing. They don't want to miss income opportunities because they don't have the cash to take them on. They don't want to be limited in their growth by the policies of their bank. But, with the sub-prime debacle, banks are pulling back on all kinds of business lines. What is a growing company to do? Venture Money? Angel Money? Aren't these drying up too? Sure banks and angel/venture capital have more money than they know what to do with, but they don… Continue