PAUL G HAUF AND ASSOCIATES

Paul G. Hauf and Associates have helped many small business owners to find unique, financing options even during this most trying, 2009-2010 recession. Paul G. Hauf and Associates explained that small businesses typically turn to their banks for needed loans and lines of credit. Unfortunately, during this period of "tight credit", most big banks are not listening. Paul G. Hauf and Associates work to help small businesses locate alternative means of securing necessary financing to keep their businesses operating as usual and without interruption.

"Trade credit", as Paul G. Hauf and Associates outlined, is short-term credit that is offered to small businesses through relationships with current, business vendors. Trade credit comes from business providers from whom the business owner buys things such as inventory, raw materials, and supplies. Paul G. Hauf and Associates can help businesses survey these current relationships and identify the most likely financing options.

Paul G. Hauf and Associates stated that if your business needs equipment, "leasing" is well worth looking into as an option. "Open-end" leases, elaborated Paul G. Hauf and Associates, let businesses buy the item being used at the end of the lease term for an additional cost. Paul G. Hauf and Associates also guide many small business owners to consider standard, "closed-end" leases which allow for the rental of an item without a buy-out provision. A benefit of closed-end leases, Paul G. Hauf and Associates mentioned, is that the owner of the equipment is usually responsible for its upkeep and maintenance.

Another financing option, said Paul G. Hauf and Associates, is called "receivables financing". Paul G. Hauf and Associates recommended this as a possible means of borrowing against a company's receivables. The small business offers its receivables, to a third party, as collateral for a short-term loan. Paul G. Hauf and Associates explained that receivables financing can be a great short-term lifeline while a small business is waiting for payments from customers.

Paul G. Hauf and Associates also mentioned "factoring" which is a less common means of securing small business financing. In factoring, a third party (called a factor) buys the receivables of your business at a discount and then collects its money from the customer. Paul G. Hauf and Associates do not see factoring utilized to any great extent in the business world, but this approach remains a viable option nonetheless.

Paul G. Hauf and Associates have 30 years of small business experience, and they are well acquainted with the multitude of financing options available. Give them a call today on (410) 679-2704 so that you may secure further details on how they can help your business with all of its financing needs.