October 2017 - Liquid Capital Express (LCE), introduces new products and improvements to better meet the needs of customers, businesses, and partners. LCE is offering banks white label financing for ABL, Factoring, Purchase Order, and Trade Credit as an in-house solution when they cannot extend credit or give credit increase to business customers. Banks have the option of participating in the deals. Another offering is Term Loans $1MM-$10MM ranging from 6-48 months; business doesn’t qualify for bank loan or ABL, but have cash flow. Now we have better solutions for early stage companies up to $250 million sales with credit lines from $50,000 to $15 million. In addition, we have taken Purchase Order Financing processing in-house providing more flexibility for customers and better rates.

 

August 2017 - Michael Banasiak, owner and managing director of Liquid Capital Express joins the CIANJ Financial & Business Strategies Forum/Formulation of Steering Committee.

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July 2017 - Michael Banasiak, owner and managing director of Liquid Capital Express to present on a panel "Alternative Sources of Working Capital For All Businesses!" The event is being hosted by Commerce and Industry Association of New Jersey on Wednesday, July 26, 2017 at the Saddle Brook Marriot. And 2 CPE Credits are being given. To learn more and to register, please click CIANJ - Alternative Sources of Working Capital For All Businesses!

 

May 2017 - New Jersey Business Magazine recently featured Alternative Lending Solutions written by Michael Banasiak in its This Way Forward - Small Business Solutions' section. The article discussed how commercial lenders are partnering with specialty financing customers to help their small business customers with financing when they cannot. Alternative lending solutions including non-profit organizations were explained with an indepth review of non-bank financing solutions.

Click Alternative Lending Solutions to read the full article.

 

March 2017 - Liquid Capital Express to present on Entrepreneurship on March 27th at Essex County College. Mike and Eileen Banasiak owners of Liquid Capital Express had another small business PredictiveMetrics, which they grew together and profitable sold. As previous small business owners, they understand what tight cash flow means to growth and not being able to get that much needeed credit line or line increase. And that is why they became a member of the Liquid Capital Principal network and established Liquid Capital Express - To get businesses the money they need now to grow and ultimately become more bankable!

 

February 2017 - When we meet with prospective clients, we are often asked for examples of companies we've helped. This month's email shares the story of Ridgeline Manufacturing, a 9-year-old company that specializes in summer recreational equipment, so winters are particularly difficult.  Liquid Capital's financing solution allowed Ridgeline to land three new dealers. They tried three different factoring companies with disappointing results until Liquid Capital.  Nick Newman, co-owner of Ridgeline, didn't like the lack of flexibility, or the fact that he had to read each contract with a fine-toothed comb. Click Ridgeline Manufacturing Financing Success with Liquid Capital to read full story.  

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November 2016 - Liquid Capital's customer Pehr Designs graduates to traditional bank financing. Pehr was experiencing rapid expansion both domestically and internationally - opportunity was knocking, but working capital was lacking. Now with 5X sales growth and an improved balance sheet, owner Rebecca Perren credits A/R factoring and  PO financing from Liquid Capital to its bank graduation. To read more about this success, please click here.

 

September 2016 - Eileen Banasiak, Vice President of Marketing for Liquid Capital Express to present Non-Bank Commercial Financing to a networking and educational group of women in commercial finance, lending and real estate. The group, which Eileen is an active member is comprised of women executives in those industries with the goal of expanding their circle of influence. The more business contacts they make - the greater the chance of business referrals.

 

August 2016 - Michael Banasiak, Owner and Managing Director of Liquid Capital Express continues presenting alternative, secondary commercial financing to NJ SCORE chapters recently presenting to Monmouth SCORE. SCORE, is a non-profit is a national association comprised of over 13,000 volunteers that are dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide. Liquid Capital Express is happy to partner with SCORE volunteers to help their clients that are not able to obtain traditional financing.

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June 2016 - Michael Banasiak's presentation on Non-Bank Commercial Financing Solutions at Gearhart Law's Global Intellectual Property Law Symposium received high remarks. The presentation focused on international alternative financing including factoring accounts receivable, purchase order, asset-based lending and trade credit financing. Countries of focus for the conference were India, Israel and Europe. India discussed the 1.25 billion opportunities while Israel presented the startup/scaleup nation of innovation and Europe reviewed the community nation of economic wealth. The keynote presentation was on Global Networking. The conference was well attended and a great success.

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May 2016 - Eileen Banasiak becomes Vice President of Communications for the International Factoring Association (IFA) Northeast Chapter. Eileen has been involved with the chapter in a marketing and public relations capacity for the past year and a half. Eileen will continue promoting the IFA Northeast Chapter's educational and networking events as well as keeping members up-to-date on other timely information. 

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April 2016 - Michael Banasiak will take part in a panel discussion/open forum on best practices, experiences working overseas as well as developing a set of action items for future workshops and roundtables. This dynamic International Roundtable Workshop entitled "Thinking of Expanding Your Business Here or Across Our Borders?" is being hosted by The Commerce and Industry Association of New Jersey (CIANJ) on Friday, April 29, 2016 at the Renaissance Meadowlands Hotel, Rutherford, NJ from 8:00 a.m - 1:00 p.m. For more information, click here.

 

March 2016 - Michael Banasiak successfully presented Non-Bank Commercial Finance Solutions for an SBA, SBDC and Richard Stockton College sponsored event, Financial and Technical Assistance for Small Business. Small business owners liked learning that their are a variety of easy to obtain financing options available. Many were intrigued that start-ups and those with less than optimal credit can be approved. To review the full presentation, click here. 

 

February 2016 - Asset-based lending enhances Liquid Capital Express finance offerings. The new program was implemented based on the business market's demand to have a cost-effective lending alternative. Whether a business it utilizing this lending option as a stand alone or with other financing programs it increases cash flow. It's quick, rates are lower and it's flexible. To read full release, click here. 

 

January 2016 - Michael Banasiak's presentation on Non-Bank Commercial Finance Solutions to Commercial Lending Committee was well received. Bankers realize they cannot lend to every business customer and the value of providing alternative financing options to their customers. Working capital is a must for most of them to grow business. To review full presesentation, please click here.  

 

December 2015 - Eileen Banasiak is elected to board as Vice President of Communications for the International Factoring Association (IFA) Northeast Chapter. The IFA Northeast Chapter was formed in 2014 with a mission to provide educational workshops, seminars, training and events to our region which address and meet the current needs and future growth of factoring companies and trade finance companies.

 

September 2015 - Liquid Capital Express reviews the negative impact with the closing of the U.S. Export-Import (EXIM) Bank is being felt by small, medium and large businesses and the people they employ. Small businesses are being hit the hardest. However, there is hope! Non-bank financing companies like Liquid Capital Express offer exporters and importers competitive financing that includes coverage through 3rd party credit insurance companies that replaces EXIM Bank's services. Now, they will have opportunities to grow business and keep their company and jobs in the U.S.

 

May 2015 - Eileen Banasiak completed the International Factoring Association Northeast Chapter's website. The IFA Northeast Chapter was formed in 2014 with a mission to provide educational workshops, seminars, training and events to our region which address and meet the current needs and future growth of factoring companies and trade finance companies. Eileen is the communications chair of IFA Northeast. 

 

April 2015 - Michael Banasiak, Managing Director of Liquid Capital Express recently presented non-bank commercial finance solutions to the SCORE Northwest NJ Chapter, and it was well received. He is now scheduled to present to SCORE Ocean County on June 1, 2015. SCORE, is a non-profit is a national association comprised of over 13,000 volunteers that are dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide.

 

February 2015 - Michael Banasiak, managing director of Liquid Capital Express is slated to present at SCORE Northwest's monthly meeting on February 18, 2015. Michael will join two banking executives to expand the scope of education by presenting non-bank commercial finance programs that cover a broad spectrum of situations. He will review financing options available when a company needs additional funding beyond what the bank can provide on top of a bank loan as well as un-bankable companies such as start-ups or those with poor personal credit. SCORE is comprised of approximately 50 largely retired senior executives who are now SCORE mentors, on the financing options to small businesses through the SBA or other means.  

 

December 2014 - Liquid Capital Express adds another finance solution - Small Ticket Equipment Leasing to its suite of financing programs helping meet the growing demand by small businesses to have funding options. Liquid Capital Express knows that many small businesses have limited working capital to grow their business and the value leasing provides to cash flow. It’s not always easy obtaining credit from banks or traditional lenders, especially if you are a start-up or have sub-par credit. Small ticket leasing with Liquid Capital Express is your solution. It’s fast, flexible, easy and hassle-free with great rates and exceptional customer service.

 

Over the past few months, there have been articles published regarding the lag in small business lending and small to mid U.S. companies turning to non-bank financing sources for credit. Traditional bank lending for small businesses continues to be constrained by tighter regulations and credit controls as well as a depleting appetite for risk. This opens the door for alternative funding sources.September 2014 - 
 

A recent article in the Wall Street Journal compared small business lending to other business sectors and consumer loans. Did you know that since 2008 the number of bank loans for “$1 million or less for small businesses” is down about 14% to 23.5 million loans and down 18% in dollar value according to the FDIC? Conversely, loans to businesses of “all sizes” is up 9% in dollar value as of March 31. In other words, small business loans are still below 2008 levels and larger business loans are expanding. In addition, Federal Reserve data shows overall loans and leases are growing at the highest rate since the end of the financial crisis indicating economic improvement. Yet small to mid-sized businesses are turning to alternative sources for credit.
 

Greenwich Associates confirmed that “a notable share of U.S. small businesses and middle market companies are obtaining credit from non-bank providers.” They conducted a survey of approximately 125 companies for their Greenwich Market Pulse and found that of the companies that obtained credit over the past 18 months, one-quarter reported using non-bank providers. In addition, 90% said they would use alternative financing again. Credit was easier to obtain and the terms, conditions, rates and pricing were more appealing than those offered by traditional banks.

 

Sources: 

Wall Street Journal, Small Business Lending Is Slow To Recover, Ruth Simon and Angus Loten, August 17, 2014. Greenwich Associates, U.S. Companies Turning to Non-Bank Providers for Credit, June 18, 2014. 

 

 

ABLAdvisor.com - The Purchase Finance Program: Innovative, Flexible and Well Received.

June 2014 - According to Kiplinger's Economic Outlook a modest pickup in business spending is under way as manufacturing activity strengthens. Capital spending for 2014 is expected to rise by 4.5% to 5%. Still, companies remain cautious about dipping into their cash piles, and the uptick in spending will be modest. For more information click Kiplinger's Economic Outlook and scroll to Business Spending, May 30, 2014. July 2014 - ABLAdvisor.com publishes a trending blog entitled The Purchase Finance Program: Innovative, Flexible and Well Received, which was written by Liquid Capital Express's Managing Director, Michael Banasiak. In this blog, Michael explains why the Purchase Finance Program is ideal for small business and their lenders alike.
 

Do you think these companies, your customers, are not "dipping into their cash piles" even though it limits their growth potential, because they are having difficulties obtaining loans? As you know, the regulators have very stringent credit controls for business lending restricting business growth.
 

The good news is Liquid Capital Express offers a variety of financing solutions to help your customers grow that are easy to obtain and customized to meet your clients' growing needs. So, whether your clients want to sell to larger accounts, offer payment terms, take advantage of supplier discounts, launch a new product, expand, restructure or simply need cash to manage seasonal demand, we have a funding solution for them.

 

May 2014 - Michael Banasiak's presentation on Secondary Commercial Finance solutions that was held at Giordano, Halleran & Ciesla's office was well attended and the audience response was overwhelmingly positive. The post presentation survey results were excellent from the topic, to the speaker and his presentation skills as well as his knowledge of the subject. Attorney's and Accountants received continuing education credits. Liquid Capital Express is in the process of applying for continuing education credits for Accountants. If your company would like Liquid Capital Express to present at their office, please contact Eileen Banasiak at Eileen.Banasiak@LiquidCapitalExpress.com.

 

May 2014 - Liquid Capital Express is gearing up for the NJ Society of Certified Public Accountants' Annual Convention & Expo being held at Bally's Atlantic City from June 4-5. If you are attending, please stop by booth 102 and enter to win an iPad Mini. Also, learn how Liquid Capital Express can help your clients that are having difficulties getting bank financing. There are five commercial financing programs available to help them improve cash flow.

 

April 2014 - Eileen Banasiak, vice president of marketing and business development recently wrote an article entitled "New Strategy Propels Cash Flow" for The Credit and Financial Management Review published by the Credit Research Foundation. The article discussed the importance of changing cash flow management strategy for a company's growth and sustainability in today's economic hard times. Progressive companies are taking advantage of specialty financing option known as Supply Chain Payment Finance, which offers mid-market companies the opportunity to extend accounts payable terms with their vendors increasing working capital. Suppliers who need cash sooner, take advantage of being paid as soon as they want, less the discount.  Click here to read the full article.

 

March 2014 - Liquid Capital Express's New Purchase Finance Program is Taking-Off. Financing is helping small-to-medium companies purchase inventory to grow business. This unique, easy to obtain financing solution allows businesses to buy goods for resale, inventory or consumption – finished or unfinished; unlike purchase order (P.O.) finance. And, it works like a revolving credit line allowing for longer and more elastic credit terms typically 60 to 90 days. Another added benefit is this type of financing does not affect the existing bank credit lines as it is incremental to any bank loans or credit lines. Click here to read full press release.

 

March 2014 - Michael Banasiak, managing director of Liquid Capital Express joins the New Jersey Banker's Association's Commercial Lending Committee. The committee is designed to review proposed laws and regulations pertaining to commercial credit (loans secured by real estate as well as those that are unsecured or secured by inventory, etc.), keep the membership informed on commercial lending issues and make policy and position recommendations to the board of directors.

 

February 2014 - Liquid Capital Express continues to help businesses in need of funding. These companies are taking advantage of the new Purchase Finance Program to purchase inventory as well as goods for resale. Other businesses are benefiting from the sale of their invoices known as Accounts Receivable (A/R) Factoring to Liquid Capital Express to improve cash flow immediately.

 

February 2014 - Liquid Capital Express joins the Credit Research Foundation (CRF), an independent, non-profit, member-run organization, consisting of a dynamic community of like-minded business professionals with a vested interest in improving and fostering the field of business-2-business credit while focusing on the practices and technologies of the discipline. CRF is the premiere industry advocate for the B2B credit community; the bridge in the customer financial relationship.

 

January 2014 - Liquid Capital Express registers to exhibit  with booth 102 at the New Jersey Society of Certified Public Accountants' (NJSCPA) Annual Convention & Expo being held at Bally's Atlantic City Hotel & Casino from June 4th through June 6th.

 

January 2014 - Liquid Capital Express joins several new associations including the New Jersey Bankers Association, Association for Corporate Growth (ACG), Turnaround Management Association (TMA), Monmouth Ocean Development Council (MODC) and Garden State Credit Associates (GSCA) to enhance its business relationships and keep up-to-date on industry news.