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TransferMate and Barclays have announced a new collaboration that will bring an international receivables solution to the market, to help UK businesses reduce transaction costs and. | May 5, 2023 ....
Adler Group on Tuesday posted a 1.67 billion euro net loss for 2022 after it wrote down real estate assets and booked impairment losses on receivables to keep its business going.. | April 25, 2023 ....
Federal reserve bank found that nearly 60% of americans say it is harder to obtain credit been a year ago. that is the highest level since it began crunching the numbers in 2013. at the same time, consumers say inflation is going to be worse. not better. in the year ahead. let s hope hopefully there s some good news in this interview. joining me now is the chairman of o leary ventures and shark tank judge kevin o leary. aka mr wonderful names, a lot of names and a lot of hats right away. that s a k a listen, do you deal a lot with small businesses as an investor? as a ceo. what are you telling me? why is it so hard? why is it so much tougher now to borrow money happened in the last two weeks. what s weeks? i mean, we survey our ceo over 50 investments in private companies and almost every state almost every geography in america and we re constantly in contact with him. and obviously financing particularly receivables. when you re a small business doing 50 ....
Million, maybe have 100 employees. you have 60 to 90 days of your sales tied up in receivables with big box retailers. maybe whoever else is selling to. we used to be able to factor that it s called. in other words, borrow against those those receivables at around 7 to 9. today that has gone from 17 to 39% wow, weeks. and so the reason that happens very simple. silicon valley bank sent a shockwave through all the regional banks that do a lot of this factory or hedge funds or private equity firms and money is tight, and it s really hard to borrow now, and jamie diamond was talking to poppy last week of that interview, and he was talking about interest rates staying higher for longer as his prediction. i think he s right. i think inflation and the federal raised another 25 basis points in the main meeting. here s the thing, though the effect of this drying up of capital to small business has not been shown up yet in the cpi data, so i would put up my hand up to the fed and say, let s pau ....