Tag: factoring vs Bank Loan

Small Business Funding

Alternative funding options for Small Kansas City Businesses in Growth Mode

Alternative Funding Options for Small Kansas City Businesses in Growth Mode Covid-19 changed the landscape for small businesses around the country and especially in Kansas City. “The Payment Protection Program (PPP) was a good band-aid, but now small businesses are really looking for that growth capital and it’s been a challenge for them to find that,” according to John Minnis, CEO of Kompass Funding. Traditional funding isn’t as accessible as it used to be. And, although every small business can’t qualify for a bank or SBA loan, there are other ways they can access capital – solutions they...

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Funding for an Uncertain Future

Funding for an Uncertain Future Although the ripple effects of COVID-19 are still prevalent today, we want to take this moment and recognize people’s adaptability and resilience over this last year. Many of us turned bedrooms into offices, living rooms into gyms, and kitchens into personal 5-star restaurants. We were obsessed with shows involving tigers and murders and reliving the run of 1990’s Chicago Bulls in The Last Dance. Many things served as a distraction to what was happening outside our homes, but it is no secret many businesses were forced to close their doors for good. Understanding...

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What are the differences between factoring & a bank loan?

What are the differences between factoring & a bank loan? When business owners are faced with financing and funding challenges, many of them will turn to banks for help. And in some situations, bank loans make sense! However, factoring can also be an option to help with cash flow needs. That is why we pulled together some of the key differences between factoring and bank loans to help determine which option may make the most sense for your business. Form of Repayment – Repayment of bank loans includes the principle payment + interest. Factoring does not have interest. Credit History –...

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Kompass Funding
7240 W. 98th Terrace
Overland Park, KS, 66212
913-728-0298