Review: Getting Cash From Non-Traditional Sources
Rating: 5 out of 5
Date: 04 17, 2013
Your Cash Flow Connection-Where Do You Go When The BankSays No by DL Benton is an excellent book on the alternativesto commercial bank financing. These alternatives have beenreferred to as non-traditional small business funding tools.Benton has referred to the alternative business funding asleveraging liquid paper assets. One popular method,accounts receivables financing is based upon the soundnessof the accounts receivables of the seller. Contract or purchaseorder funding is legally binding for the purchase of goodsat an agreed upon price and date. Business daily Credit CardAdvanced Funding depends upon the soundness and predictabilityof the monthly debit and credit card sales.Benton covers the more complicated business funding mechanisms.For instance, construction funding programs are for bonded andnon-bonded contractors. Import and export funding is based uponthe market demand and orders from customers.The author provides many reasons for the growing popularity of thenon-traditional funding mechanisms. Reasons include a highlyleveraged global economy, investors want a good return on theiralternative income streams and more consumers are knowledgeableabout alternative income streams.Benton explains that cash flow income streams can be sold in asecondary market. This market includes accounts receivables,construction receivables, purchase order financing, commercialcontracts, letters of credit, bankruptcy receivables, medicalreceivables, international receivables and sports contracts.The remainder of the book discusses collateral based cashflow income streams, contingency based income streams,insurance based streams and factoring. Your Cash FlowConnection by DL Benton is a valuable business financingresource for a plethora of small business uses where theservices of non-traditional financing sources are needed.Credits: First Published on Blogcritics