* Applicable Membership or Subscription discounts will be added in your shopping cart
Description: Purchase-order financing (P/O financing) is a type of asset-based loan designed to extend credit to a company that needs cash quickly, to fill a customer order. A company may operate with such a small amount of working capital that it cannot afford to pay the cost of producing a customer’s order. P/O financing enables such a company to not turn away business, by borrowing from a lender using the purchase order itself as collateral to support a loan.
Factoring is one of the oldest forms of business financing. Note that the term is “financing”
rather than “loan” because factoring is not actually a loan. In a typical factoring arrangement,
the company needing financing makes a sale, delivers the product or service and generates an
invoice. The factor (the funding source) then purchases the right to collect on that invoice by
agreeing to pay the company in need of financing the amount of the invoice minus a discount.
MCA lending is, in summary, an advance on a company’s sales. Financing through a merchant cash advance (MCA) is used mostly by companies that accept credit and debit cards for most of their sales, typically retailers and restaurants. The concept is this: funder purchases a portion of the company’s future credit card receivables for a discounted lump sum. The MCA funder receives the purchased credit card receivables as they are generated either by taking a percentage of the company’s daily credit card proceeds or by debiting a certain amount of funds from the company’s bank account. Depending on the risk profile of the company, it can be a more expensive form of financing for a business compared to other types of financing.
What these three things have in common is that they are each a type of “alternative lending.” Alternative to what? To the type of loan a company can get from a “regulated” commercial bank. This webinar explains these types of financing arrangements, what to consider before entering into them, and provides some tips on how to negotiate them.
This webinar is delivered in Plain English, understandable to you even if you do not have a background in the subject. It brings you into an engaging, even sometimes humorous, conversation designed to entertain as it teaches. And, it is specifically designed to be viewed as a stand-alone webinar, meaning that you do not have to view the other webinars in the series to get a lot out of it.
Speaker Information
Moderator:
Hajar Jouglaf, Attorney, Sugar Felsenthal Grais & Helsinger LLP
Hajar was recruited to join Sugar Felsenthal Grais & Helsinger, LLP after coming to the attention of one of the firm’s senior partners. She is a member of both its Business Transactions Group and its Restructuring & Insolvency Group.
Hajar attended the University of Charleston on a merit-based full-ride scholarship and graduated summa cum laude in three years.
While in undergrad, Hajar was one of two students selected to engage in an independent study course with the president of the university, which led to her conducting extensive research on alternative energy sources and briefing national energy experts on various issues facing the energy sector in the United States. Hajar was also selected by the university to serve as the Rhodes Scholarship institutional candidate and was awarded the President’s “Outstanding Senior of the Year Award.”
While in law school, which she attended on a partial academic scholarship, Hajar earned several CALI Excellence for the Future Awards awarded to the student with the highest score in each law school class. She also served as a Student Ambassador, Parliamentarian of the academic senate, and on the board of the Women’s Law Caucus. Hajar is fluent in French and Arabic.
 | | Practice Areas: | | Banking & Finance Law, Bankruptcy & Creditors Rights | | | Online Media Type: | | Audio | | | Production Date: | | 08/05/2020 3:00 PM EDT | | | Level: | | Intermediate | | | Category: | | Standard | | | Duration: | | 1 Hours, 0 Minutes | | | Online Format: | | Live | | | Course Type: | | Public |
Click here for information on subscription discounts and Group Viewing opportunities.
Purchase of this product provides online access for 180 days. If you are purchasing a live webcast, you will receive complimentary access to the on demand version for 180 days once it becomes available. Please note that the on demand and podcast versions may, or may not be accredited in your state.
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
CLE Scholarship information
Tuition Assistance for legal professionals taking our programs. Learn more about the program.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.
People who bought this program also bought:| There are no current recommendations |
| | |
|
| | • | Hajar Jouglaf - Attorney, Sugar Felsenthal Grais & Helsinger LLP |
| | |
|