Business Finance Solutions Schedules Free Small Business Webinars

March 30, 2008 - PRLog -- 4/8/08 Webinar 10:00 A.M. CDT
Topic: Implications of FICO 2008 Credit Scoring Model on Small Business Owners
Cost: FREE
Time: 50 minute presentation, 10 minutes Q&A
Instructor: Sam Thacker, (Business Finance Solutions)
Intended Audience: Small business owners, prospective small business owners whether a sole proprietorship, corporation, partnership, or LLC.
Description: As a result of the recent sub-prime mortgage crisis, Fair Isaacs, the company that designed the FICO model for credit scoring which is the most widely used by lenders today, is making significant overhauls to its scoring model. The new model is being phased in beginning March 2008. The new model is supposed to more accurately reflect characteristics of a person’s ability to assume debt. Small business owners should be aware of the changes anticipated in the new model as it will affect their ability to secure necessary credit for their businesses

4/15/08 Webinar 10:00 A.M. CDT
Topic: Alternative Working Capital Sources For Construction
Cost: Free
Time: 50 minute presentation, 10 minutes Q&A
Instructor: Sam Thacker, (Business Finance Solutions)
Intended Audience: Construction sub-contractors, CPAs who have construction oriented clients, controllers, and bookkeepers.
Description: With new homebuilding down and the regional economy in a state of flux, many small business construction companies are finding it difficult to maintain adequate cash flow. Although the number of lenders who will lend into this marketplace is small, there are answers that may work for many companies.
Discussed will be construction factoring, and using other assets as collateral for working capital.

4/22/08 Webinar 10:00 A.M. CDT
Topic: Texas Margin Tax Issues for Small Business
Cost: Free
Time: 50 minute presentation, 10 minutes Q&A
Instructor: David Fitzgibbons, CPA, CM&AA (Briggs & Veselka Co).
Intended Audience: Small business owners of “chartered” companies doing business in Texas, their controllers, and bookkeepers.
Description: Even though the new “Texas Margin Tax” law has been in force since January 1, 2007, the vast majority of small business owners are not aware of its implications or preparations they should make to prepare for their payments which begin May 15, 2008 for the tax year 2007. Called by some as the largest "tax" ever created by the state legislature, the tax will affect many companies that never have had to pay Texas Franchise Taxes.
This webinar will help small business owners understand what the tax is, the three methods of calculating it (for planning purposes), and what types and sizes of business are most affected.

4/29/08 Webinar 10:00 A.M. CDT
Topic: Financing US Government Contracts
Cost: Free
Time: 50 minute presentation, 10 minutes Q&A
Instructor: Sam Thacker, (Business Finance Solutions)
Intended Audience: Small business owners who sell products or services to the federal government, their controllers, accountants, and CPAs
Description: SBA 8 (a) contractors and other businesses that provide products or services to the federal government often face an uphill battle getting traditional bank financing necessary to service their businesses. This webinar will provide the attendee with knowledge of various financing methods that are acceptable to the federal government. Funds from these financing arrangements can be used for pay for contract mobilization costs, increased payroll, recruiting costs and ongoing working capital. The US assignment of claims process will be discussed.

# # #

Business Finance Solutions is an Austin Texas based financial intermediary specializing: accounts receivable finance, Factoring, asset-based loans, inventory finance, purchase order finance, cash-out real estate loans, cash-out equipment finance, import and export finance, and subordinated debt finance. Business Finance Solutions has over 100 sources of financing available. Since 1994, our principals have originated over $400 million in financing. In most cases, fees are paid by the funding source.