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Neighboring Texas cities Midland and Odessa are no strangers to oil and gas booms. Drilling booms have come and gone in this area for nearly a century.

Getting customers to pay on time is one of the biggest challenges small business owners face. For every customer that pays on time, there is another who consistently pays their invoice late. Overtime, it can have a big impact on your business’ growth.

At some point, every business owner entertains the thought of expanding their business. However, it can be hard to know when to take on new orders, hire new employees, or if you should hold off and wait until your business is in a stronger position.

Two of the biggest challenges small businesses face, slow-paying customers and securing financing. As your business grows, so does your business’ accounts receivable and so does the amount of capital needed to carry you through until you receive payment.

When your customers take 30, 60, or even 75 days to pay your invoice, it places unnecessary stress on your business. A cash flow gap is created that strains your company’s finances, prevents you from competing for new projects, and makes it difficult for your business to meet payroll.

Just ten years ago, most small business owners were unfamiliar with the term “alternative lending”. As the banking industry began to rebuild from the financial crisis of 2008, traditional institutions became more and more guarded when it came to lending money.

Do you have plans to grow your small business? Are you trying to figure out just how much cash you need to put those plans into action? Working capital is the lifeblood of any company and is essential for the smooth operation of your small business.

With business startup activity continuing to swing upward, now is a great time to be an entrepreneur. If you have plans to open your own business, you have most likely started to seek financing tips and advice from seasoned entrepreneurs.

High-profile cyber attacks over the last few years have raised awareness of the ever-increasing threat of cyber crime. During the 2013 holiday season, Target, the department store retailer, fell victim to a massive data breach.

Small businesses today have more financing options than ever before. A decade after the Great Recession, banks continue to increase small business lending, and flexible alternative financing options like invoice factoring are becoming more and more popular with small business owners.