New E-Commerce Funding Service for Shopify Store Owners

Yalber is happy to announce the launch of an e-commerce based financing solution for Shopify store owners. We created the perfect product for online store owners when in need of funding. Our royalty based investment product is easy and fast! Shopify store owners can now apply and get funded within 48 hours – based on the store sales performance.

Considering the growth and momentum of shopping online, more brick-and-mortar merchants are looking into penetrating the e-commerce online market. E-commerce has been revolutionizing the way people shop-making it cheaper and more convenient. Yalber recognizes that Online merchants may have different focus than a brick and mortar one does; such as having a good website, getting maximum product engagement, web conversion and product sold per order, however they share the same focus as all merchants do- how to obtain proper funding

Online businesses that do not receive proper funding experience a glass ceiling that inhibits their growth. Funding is the fuel on which a business runs. It is impossible to navigate and drive a business to success without effectively allocating proper funding. Effective allocations of resources require planning and liquidity that is easier said than done… Proper business funding is needed to be able to respond to the changing market conditions, such as capitalizing on purchase opportunities when the price is attractive, investing in digital assets created in advance, and constantly improving marketing and sales numbers. Also, maintaining customer loyalty. If a digital business does not have essential finances to cover short-term and long-term expenses, working capital management may be jeopardized- and this is not a good thing! Failure to reach demands because of inadequate funding can cause inventory shortages and marred business relations.

Every business owner has a vision for their company and sometimes that vision can be obstructed by insufficient funding. Yalber understands the important needs of each Shopify business owner. They believe securing capital should be simple and easy, that’s why their application process is easy to follow and you get a response is less than 24 hours! Banks can take forever, that’s why Yalber offers merchant cash advances (MCA). Yalber invests in online businesses that generate revenue from either a product or services. For an exchange of an up front-investment, Yalber receives a royalty or percentage of your business’s future receivables. Unlike other sources of investment, Yalber does not receive royalties from a business’s sale for the life of the business. Instead, the royalty Yalber receives is limited to a specific amount agreed based on their risk team business analysis. This analysis is determined to benefit the success and growth of the online business. Once the return on investment is met, royalty rights are then returned back to the business.

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New Tax bill and your business

In a Nutshell: Trump’s New Tax Proposal and Your Business

Intaxication: Feeling of excitement when you get more of a tax refund than you originally expected.

Within the past few months the Trump’s Presidency has implemented a new legislative bill that will change the way your business does taxes. From the latest GOP bill, businesses will receive scads of benefits. The biggest is being a cut in federal corporate tax. The rate will go from 35% to a whooping 21%. Also there will be a 20% deduction for all pass through businesses. In addition, married individuals who own service-based businesses such as accounting and law firms can receive 20% in deductions if they make under $315,000. Furthermore, the alternative minimum corporate tax rate will be eliminated!

Major economic outlets such as the WSJ expect a serious boost in profits! The Republicans hope that this will stimulate more of an economic growth- in which then will turn into more revenue for businesses.  

Looking for funding? Apply here.

 

Tips of choosing the right payroll company

Payrolls are important; it’s essentially what makes your employees the happiest.  Choosing the right payroll company can help lessen stress and make the process run smoothly. Here are top five tips in choosing the right payroll company for you!

1) Look for a top-notch customer service

Picture this-  it’s the first Friday of the month and your employees have to get paid, but for some reason the payroll system isn’t working…you are in panic. Angry employees are no fun.  You only notice this half an hour before the payroll report is due. You call up your payroll company and put on hold for around 40 minutes…panic turns into more panic. There is no better feeling than being able to reach someone on the phone when you have a question, no matter the time of day.  When finding the right payroll company for you, make sure they have a great customer service team who is always available when you need them!

2) Data security as strong as the secret service

Security is one of the most important aspects of choosing the right payroll system for your company. Considering all of the sensitive information that payrolls have, if someone who is not authorized gains access to it, it can be a nightmare for both the employers and employees. Make sure you choose a payroll system that is insurance and have a high-security encryption.

3) Clear pricing and no unwanted surprises

“Get monthly payroll for little as $13.99 when you sign up today!”- sounds pretty enticing doesn’t it? However, it’s important to always look closely at the fine print of the advertisement.  Furthermore, make sure you look at what are the additional features you may need and if they will cost you. For an example, some payroll companies charge additional fees for automatic check signatures or printing and check delivery.  Before choosing the right company for you, make sure you outline exactly what you need and get an estimate on the total cost.

4) Take consideration of your company’s employee count growth

Look for a payroll company that grows with your employee growth. It should be easy to start off with and to add on new employees as needed. Consider evaluating the set-up time that it takes for you to set-up an employee. Time is of the essence!

5) Look for top notch IT solutions

It’s 2018, your payroll system should not look like dinosaurs have used it. Look for a payroll company that has a great IT infrastructure!

 

Looking for funding? Apply here.

 

Top 5 Bookkeeping tips

When you are a small business owner, there are some vital things that are the backbone to your business…such as bookkeeping. When you bookkeep right, you understand your financial records and you can manage debits/deposits. Without proper bookkeeping of all of your business finances- you can easily end up bankrupt or in massive debt.

1) Keep notes of ALL of your financial records…and always back them up!

It is important to ensure that all of your financial documents that are used in day to day business transactions are well kept for future reference. This helps when you have to do taxes and it also establishes a good financial ground for your business when it potentially expands. Also, it is important to keep copies of your financial records- just incase if one goes missing or gets by accidentally destroyed.

2) Separate Receivable Payments from Borrowed Loans

Unfortunately one of the leading causes of business failure ise poor management of the company’s financials. Mixing of funds deposited by clients together with the funds that businesses have borrowed might lead to confusion and later turn into a financial crisis. Organization is key! Yalber advises to have the right bookkeeping software that allows you to keep records of income and borrowed funds separately for easy and quick follow-ups whenever needed.

3) Set aside weekly time to review your books

With reviewing your books on a weekly basis,  it will help you keep updated about the state of our business. With doing this, you will be able to manage your cash flow and get to know your weekly expenses and be informed of your current invoices.

4) Don’t wait till the end of the year to talk to your accountant

Find a good advisor that you trust and make it a point to be in contact with your accountant regularly, not just at the end of the year. Doing so will make sure that if you have any bookkeeping issues, it will be caught in a timely manner…not at the last minute.  Also this helps to know that you are in the right financial track with your business.

5) Understanding Debit and Credit

Yes, yes of course you know what debit and credits are. But its important to stress how essential it is to understand the notion of balancing when it comes towards the accounting of your bookkeeping. Every transaction your business makes, has a debit and credit.  When you are using an accounting software, recording transactions are easy .But when you are doing this in Excel – it can be easy to make a mistake…make sure that you record both debit and credit.

Rule of Thumb:

A debit means:

  •   Increasing an asset or expense account; and
  •   Decreasing a liability, equity or income account.

Credit is the opposite. It means:

  •   Increasing a liability, equity or income account; and

Decreasing an asset or expense account.

 

Looking for funding? Apply here.

Yalber Obtains $20 Million Credit Facility

A leading FinTech-driven financing company for small and mid-sized businesses, Yalber, has announced the closing of a $20 million senior credit facility to increase its funding capabilities.

“We are pleased to announce this $20 million credit investment, which increases our funding capabilities and enhances our ability to take advantage of significant market opportunities,” stated Yalber’s CEO, Amir Landsman. “The new facility, from a leading institutional financing partner, is a validation of the strength of our team, our track record of success and the robust platform that Yalber has built.”

Since its founding, Yalber has provided more than 5,000 businesses with over $300 million in working capital solutions to grow. Proceeds from the transaction will be used by the Company to execute its strategic growth plan and accelerate their ability to provide more small businesses with access to attractive non-bank financing.

Mr. Landsman continued, “Small businesses are thriving; representing 99 percent of all U.S businesses, 60 percent of total net job creation and 46 percent of private nonfarm GDP. Yet, bank credit to this important sector of the economy has contracted sharply. It is estimated that the amount of small business loan originations plummeted by more than half during the financial crisis and has seen only a very limited recovery post-crisis, leaving small business loan originations down 40 percent.”

Small businesses are thriving; representing 99 percent of all U.S businesses, 60 percent of total net job creation and 46 percent of private nonfarm GDP. Yet, bank credit to this important sector of the economy has contracted sharply. It is estimated that the amount of small business loan originations plummeted by more than half during the financial crisis and has seen only a very limited recovery post-crisis, leaving small business loan originations down 40 percent.

When small businesses find it hard to overcome funding issues from traditional sources of capital, Yalber remains committed to helping them accomplish their goals. Yalber offers small business owners in a variety of industries across the U.S. the option to fund their businesses for any purpose with up to $500,000. The Company’s technology-enabled platform allows for a streamlined process, with most qualified businesses funded within 24 hours.

Mr. Landsman concluded, “The closing of this transaction demonstrates that institutional investors have confidence in our business model and expect to see continued, rapid growth.”

Brean Capital served as exclusive financial advisor to the Company on the transaction. The senior credit facility provided by an institutional credit fund focused on specialty finance and related investments.

About Yalber

Founded in 2007 and headquartered in New York City with strategic offices in Dallas, Los Angeles and San Francisco, Yalber is a technology-enabled specialty lender, leveraging proprietary origination, disciplined underwriting and performance analytics to improve the speed, cost and choice of capital available to small and mid-sized businesses throughout the U.S.

Setting the Record Straight

When did you last Google your name or your company name? Or maybe a colleague or a company you are doing business with? How credible is the information you find? We all know that you have to take some of the search results ‘with a pinch of salt’.

We have our senses and instincts that help us seperate credible from the non-credible. Fake news rings a bell? For example, a government website is considered to be a credible source, but did you think otherwise? Can information on a government website could be incorrect, wrong or misleading?

Lets say someone was wrongly arrested – your friend, or an employee candidate. You look her up and find an arrest record. You should stay away, right? Well, not really. An arrest or an indictment are not a conviction. While the record may reside on the prosecutor website for years to come, the case could have been dismissed. But the dismissal is usually not as sensational as the indictment, so you are likely to see only the negative rather than the positive. This is how it works these days, and we know it from experience.

On November 10th 2015, Wilkey Legal Consultants, LLC published an article on the PRNewswire entitled: Class-Action Filed on Behalf of Asian-American and U.S. Business Owners Against National Finance Lender H-Capital Advance a/d/b/a Yalber. The article was self-promotional. Although the class action was later dismissed, one is hard pressed to find that on the internet. The dismissal only appears occasionally and far below the original Wilkey posting.

Now, over two-years later, Yalber on behalf of its affiliates, Got Capital, LLC, YLH, LLC, Kedma Capital, LLC, S-Capital, LLC, and Perfect Funding, Inc. wants to set the record straight.

The author of the November 10, 2015 release, Robert Wilkey was originally one of the attorneys for the plaintiffs in the class-action. Mr. Wilkey was forced to withdraw from the case when it was determined he was not admitted to the federal court where the case was to be litigated. He was ably replaced by his co-counsel.

From the standpoint of the plaintiffs, the class action was a disaster. The plaintiffs had to file two amended complaints to stave off dismissal motions filed by Yalber. Ultimately, the federal court judge dismissed 10 counts of the complaint and two of the plaintiffs were dropped from the case. A class-action hearing resulted in another victory for Yalber: the federal judge refusing to certify their case as a class-action.

“MEMORANDUM AND ORDER THAT PLAINTIFFS MOTION (DOC. 49) IS DENIED AS THE MERCHANT PLAINTIFF’S OFFER NO CLASS REPRESENTATIVE ADEQUATE TO REPRESENT THE MERCHANT CLASS AS EACH NAMED CLASS REPRESENTATIVE WAIVED ITS RIGHT TO PARTICIPATE IN A CLASS ACTION IN EXCHANGE FOR BUSINESS FINANCING. May 27th 2015

Shortly after the plaintiffs lost their class-action, the federal court dismissed what remained of the case with prejudice. After the case was dismissed, each of the remaining plaintiffs stated in writing that  they “Now having the benefit of discovery provided in the civil action, withdraw their assertion that the transactions referenced in the second amended complaint were loans or instances of predatory lending.”

You can’t change the way search engines work, but what you can do is make sure your story and narrative is not going to be lost within the endless amounts of search results.

 

Looking for funding? Apply here.

 

Purchase Order Financing: Funding without the Hassle

We at Yalber, are highly determined in making business financing simple and easy for our loyal customers. We are passionate to making sure our customers have a positive and streamline funding experience. We don’t only offer MCA funding,we also offer Purchase Order Financing.

What is P.O financing you ask?

It is a funding option for business owners that need cash to fill single or multiple customer orders. Cash flow problems do exist for many business owners- and Yalber is here to help.  There will be times when there is not enough money to cover expenses in a business. For an example, an owner of a kitchen appliance store may get more demand for a heavy duty oven they have…than supply. If they turn down orders- they can lose revenue, quickly.  It can also tarnish reputation and restaurateurs  may go elsewhere for their kitchen needs. To avoid this scenario, it is imperative that businesses find the capital that they need. A Purchase order financing can be a great alternative to traditional funding.

How does it work?

It involves one company paying the supplier of another company, for goods that have been ordered to fulfill a job for a customer. Many Purchase order financing services have way too many requirements to secure their funding. These requirements can also prohibit and limit capital access to new businesses. At Yalber, we put our financial expertise to work. We offer a solution without the hassle and less requirements. We are determined to making sure you never have to stop gaining revenue and your business stays afloat, always….and that is the Yalber way.

Looking for funding? Apply here.

8 Invoicing Mistakes

Invoicing sucks. It can be highly tedious with tons of numbers and something that people may leave to the last minute. But it is absolutely crucial, if you want your business to maintain an organized and positive cash flow.  In order to get compensated for your goods or services on time, there are some mistakes you have to avoid! Capitalize on opportunities and don’t let them slide by!

1) Procrastination

It’s not college anymore. You can’t leave things to the last minute. The best time to sent out an invoice is immediately following the completion of a sale.

2) Having unclear terms

When writing out an invoice, avoid using vague language. If you want the client to pay the invoice in a timely manner- make sure that you include a clearly state item description, prices and quantities.

3) Not itemizing services

Some clients require a detailed and itemize service breakdown. For many customers it can be a matter of procedure and helps tracking, recording and reporting expenses.

4) Poor formatting or editing

 Always make sure that your invoice looks super tidy as the button down white shirt you are wearing. Spelling errors, incorrect dollar amounts and generic formatting can make your business look unprofessional. It can also prevent you from receiving correct payments on time. Always make sure you double check and proofread your invoices- so you can catch them before they are sent out.

5) Not understanding invoice factoring

Invoice factoring is a popular option when you need funding fast. In a nutshell, it is an option that you can sell unpaid invoices to an invoice factoring company for cash–*hint* YALBER OFFERS THIS*

6) Not branding your invoices

Having a company logo on your invoice can verify it to be an established brand and differentiates you from other invoices that your client’s are receiving. You can also take advantage of this to vamp up your branding opportunity and awareness!

7) Not taking your invoice as a marketing opportunity

Invoices can be a great medium between your company and your customer- to know more about your products.  You can use the invoice as a marketing tool- this can have a positive affect and increase your revenue! When you send out an invoice, try including marketing materials such as newsletters or promotional flyers.

 

8) Sending an invoice with hidden charges

This is a massive no-no. Transparency is key to any business-to-business relationship. When sending an invoice, each charge should match the terms and expectations as agreed upon by both parties.

Bottom-line: Avoid these common mistakes businesses make when they send out invoices- as a business owner you should always strive for a streamlined transaction process. Cash flow is critical to managing day-to-day operations and is key to maintain a stable organizational structure.

 

What mistakes do you think are also important to address?

Please comment below – we would love to hear what the rest of the business community is saying!

 

Looking for funding? Apply here.

What is Invoice Financing?

Did you know as a business owner you have the ability to turn your unpaid customer invoices into fast cash?

With invoice factoring…its is ‘Mission Possible’.

Invoice Financing is also known as Factor Financing- it a great and easy solution for businesses offering their clients a specific payment terms. Offering easy terms to your clients is a viable asset for businesses.

Invoice financing is fast. It can provide immediate working capital to help cover a funding gap caused by slow payments from customers. Also it improves cash flow in a small business. You can keep loyal customers on longer payment terms but still improved your cash flow- helping your business grow. Yalber provides an easy and quick capital to companies that might not be able to get it from other sources- like a traditional bank.  A big benefit of invoice financing is that no collateral is required- no hassle…the Yalber way.

 

Looking for funding? Apply here.

Top 5 Entrepreneur Resolutions for 2018

Your goal for 2018 should be to accomplish all of the goals in 2017, which you should have done in 2016 because you made a promise to yourself in 2015 and planned in 2014….Stop waiting and start doing! Let Yalber be the solution to your resolution!

1) If a product fails, call it Beta Version

Never give up on your entrepreneurship dreams. If you feel like something is not going your way, take it as a valuable lesson and grow from it. Regardless if you are going through a rough patch or experiencing substantial growth, always remember why you became an entrepreneur in the first place. Allow 2018 to help you grow and remember why you have embarked on creating a difference in the business world.

2) New Year. New Web

If your business website is older than a fine aged wine- it may be time to update it.  Evaluate the usability and user experience of your website- meaning the colors, images, content copy, page layouts..etc. As time changes, websites should go with it too. It is important that websites maintain modernity and is easy for users to navigate. Furthermore with this change, it may have also a positive effect on your digital marketing strategies.

3) Keep on Learning

Read all about the latest trends that are going on in your industry and how you can take advantage of it. Furthermore, take benefit of major industry events. A big success in business is to absorb the knowledge around you.

4) Financial Statements Don’t Read Themselves

Commit yourself in understanding your finances more. Many business owners are too busy to check or don’t understand their financial statements- so they bypass them straight to a bookkeeper, CFO or accounting professional. Make a commitment to yourself to learn what the balance sheets mean to your business.

5) Keep Growing your Business with Confidence

The founder of the Virgin Group, Richard Branson says When employees tell you about their good ideas for the business, don’t limit your response to asking questions, taking notes and following up. If you can, ask those people to lead their projects and take responsibility for them. From those experiences, they will then have built the confidence to take on more and you can take a further step back.  Stepping back frees the founder to focus on the bigger picture — to dive in when there are problems or to help close a deal. This is how I manage our diversified group: I am not involved in the daily business of any Virgin company, unless I need to be.”  Teamwork certainty does make the dream work.

Bottom Line: Let your New Year’s Resolution be 1080p. Concentrate on ways to constantly make your business brighter and stronger. Yalber is here to help you achieve your business dreams- our business representatives are happy to help you with any questions you may have.

 

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