Small businesses often need short term cash flow assistance, but many do not qualify for conventional bank loans. One option used by many small businesses is sale of receivables. HB Funding is a financial institution that provides small business financing structured as sale of receivables. However, recently the bankruptcy court for the Northern District of California ruled that the standard sale ...
Lars Fuller was recently quoted in an article from Forbes about what all CFOs should know in advance of the incoming wave of bankruptcies. Also quoted was Judge Alan Jaroslovosky, a former Bankruptcy Judge for Northern District of California, who served on the bench from 1987 to 2017. He noted how bankruptcies surged after the 2008 crisis and that he expects something similar this year as a result ...