Chris Lehnes Factoring Specialist

203-664-1535 | clehnes@chrislehnes.com

Non-Recourse Funding

Posted on May 2, 2024 by Chris Lehnes

We can fund a qualified business in 3-5 days without a Personal Guaranty with non-recourse accounts receivable factoring. Non-Recourse Funding.

$10k to $10 Million
Competitive Advance Rates
No PG. No Audits. No Financial Covenants
No Long-Term Commitments
Most businesses with strong customers are candidates

We specialize in difficult deals

Start-Ups
Turnarounds
Historic Losses
Customer Concentration
Poor Personal Credit
Character Issues

Versant focuses on the quality of your client’s accounts receivable, ignoring their financial condition.

This enables us to move quickly and fund qualified businesses including Manufacturers, Distributors and a wide variety of Service Businesses (includes SaaS) in as few as 3-5 days.

Contact me today to learn if your client is a fit.

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Fed Holds Rates Steady Today

Posted on May 1, 2024 by Chris Lehnes

In a widely expected decision, the Federal Open Market Committee maintained the current target range for the federal-funds rate at 5.25%-5.50 at the conclusion of a regular two-day meeting. Fed Holds Rates Steady Today.

Policymakers have been on hold since they last raised interest rates in July 2023.

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Factoring Intake Checklist Download

Posted on May 1, 2024 by Chris Lehnes

Intake Checklist:

00-Factoring-Intake-Checklist-2024 Download

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Unraveling the Historical Tapestry: The Origins of May Day

Posted on May 1, 2024 by Chris Lehnes

May Day, celebrated on the first day of May each year, conjures images of springtime festivities, dancing around maypoles, and an expression of workers’ rights. Yet, the origins of this globally observed day are deeply rooted in history, intertwining strands of ancient traditions, labor movements, and social upheavals. Origins of May Day.

The earliest traces of May Day can be found in the ancient Celtic festival of Beltane. Occurring halfway between the spring equinox and the summer solstice, Beltane marked the beginning of the pastoral summer season. It was a time of fertility rituals, bonfires, and celebrations to ensure bountiful crops and livestock. The symbolism of renewal and abundance during this time echoes through the centuries, resonating in modern-day Origins of May Day festivities.

However, the modern incarnation of May Day as a day of workers’ solidarity emerged during the late 19th century. The catalyst was the struggle for the eight-hour workday, a movement that gained momentum amidst growing industrialization and labor exploitation. On May 1, 1886, hundreds of thousands of workers across the United States took to the streets in a general strike, demanding an eight-hour workday.

The culmination of this movement was the Haymarket affair in Chicago. On May 4, 1886, a peaceful rally in support of workers’ rights turned violent when a bomb was detonated, leading to casualties among both police officers and civilians. The aftermath saw a crackdown on labor activists, with several organizers, including the Haymarket martyrs, being arrested, tried, and executed.

Despite the repression, the legacy of the Haymarket affair endured, galvanizing the international labor movement. In 1889, the International Socialist Conference declared May 1 as International Workers’ Day, commemorating the struggle for the eight-hour workday and honoring the sacrifices of those who fought for labor rights.

Since then, May Day has been celebrated worldwide as a day of workers’ solidarity, marked by rallies, protests, and demonstrations advocating for better working conditions, fair wages, and social justice. Its significance transcends borders and ideologies, serving as a reminder of the ongoing struggle for workers’ rights and the collective power of organized labor.

In addition to its labor associations, May Day continues to embrace its ancient roots, with various countries incorporating traditional festivities into their celebrations. From dancing around maypoles in England to crowning the May Queen in Scandinavia, these customs serve as a testament to the enduring spirit of renewal and community that May Day embodies.

As we commemorate May Day each year, let us not only revel in its festivities but also reflect on its rich tapestry of history. From ancient rites of fertility to modern-day struggles for justice, May Day remains a symbol of resilience, solidarity, and the perennial hope for a better world.

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Featured

Posted on May 1, 2024 by Chris Lehnes

The Assignment of Claims Act (ACA) was passed in 1940 and is codified in 31 U.S.C. § 3727 and 41 U.S.C. § 6305. The ACA allows contractors to assign their rights to receive payment from a federal contract to a third party, called an assignee, who then collects the funds from the government. The ACA’s main purpose is to help contractors and subcontractors access capital by allowing them to monetize their accounts receivable from the government. What is an Assignment of Claims?

A contractor can assign a contract’s payments to a financing institution if the following conditions are met:

The contract is for $1,000 or more
The assignment is made to a bank, trust company, or other financing institution, including a federal lending agency
The contract doesn’t prohibit the assignment
The assignment covers all unpaid amounts unless the contract permits otherwise

The ACA also defines how lenders and factoring companies can arrange for payments when federal contracts are part of a contractor’s loans or accounts receivable. When a FACA assignment is in effect, the government is required to make contract payments directly to the designated bank or financial institution.

Reclassification of Marijuana – Implications to the Industry

Posted on April 30, 2024 by Chris Lehnes

The reclassification of marijuana by the Biden Administration holds significant implications for the industry, influencing various aspects such as regulation, market dynamics, and societal attitudes. This article explores the effects of reclassification on these fronts and delves into potential opportunities and challenges for stakeholders.

What Reclassification of Marijuana Means to the Cannabis Industry

Regulatory Landscape: Reclassification alters the regulatory framework governing marijuana, potentially shifting it from a controlled substance to a regulated commodity. This change can lead to reforms in cultivation, distribution, and consumption laws, opening up new avenues for businesses while ensuring safety and compliance.
Market Dynamics: The reclassification of marijuana may reshape market dynamics by attracting new investors and consumers. With reduced legal barriers, businesses can expand operations, innovate products, and penetrate previously untapped markets. However, increased competition and pricing pressures may emerge as the industry matures.
Investment Opportunities: Reclassification often signals legitimacy and growth potential, attracting investments from diverse sectors. As stigma diminishes and legalization spreads, investors may flock to cannabis-related ventures, ranging from cultivation facilities to technology startups. Strategic partnerships and mergers could reshape the industry landscape, consolidating market share and fostering innovation.
Research and Development: Changes in marijuana classification facilitate research into its medical, therapeutic, and industrial applications. Expanded access to funding and resources accelerates scientific inquiry, leading to breakthroughs in treatment modalities, product formulations, and agricultural practices. Enhanced understanding of cannabinoids’ pharmacology could drive the development of novel medications and wellness products.
Social Impact: Reclassification has profound social implications, affecting public perception, criminal justice, and public health policies. Decriminalization and legalization initiatives aim to mitigate the disproportionate impact of drug enforcement on marginalized communities, fostering equity and social justice. Moreover, access to medical marijuana can improve patient outcomes and alleviate suffering, challenging misconceptions and fostering compassion.

The reclassification of marijuana represents a pivotal moment for the industry, ushering in a new era of opportunity and transformation. While uncertainties and challenges persist, stakeholders can navigate this evolving landscape by embracing innovation, collaboration, and responsible practices. By harnessing the potential of reclassification, the marijuana industry can drive positive change, benefiting individuals, communities, and economies alike.

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5 Small Business Email Marketing Tips

Posted on April 30, 2024 by Chris Lehnes

Tips for Small Businesses During Small Business Week

During Small Business Week, small businesses are presented with an opportune moment to refine their marketing strategies and strengthen customer engagement. Email marketing, a cost-effective and versatile tool, remains a cornerstone of digital marketing efforts for small businesses. In this article, we explore five effective email marketing tips tailored to small businesses, empowering them to maximize their impact during Small Business Week and beyond.

1. Personalization is Key:

Personalized email content resonates with recipients and fosters a sense of connection and relevance. Small businesses can leverage customer data and segmentation techniques to personalize email communications based on demographics, purchase history, and browsing behavior. Address recipients by name, tailor content to their interests and preferences, and incorporate dynamic content blocks to deliver targeted and engaging messages. Personalization enhances the effectiveness of email campaigns, driving higher open rates, click-through rates, and conversion rates.

2. Craft Compelling Subject Lines:

Subject lines play a pivotal role in capturing recipients’ attention and enticing them to open emails. Small businesses should focus on crafting concise, compelling subject lines that convey value, urgency, or curiosity. Experiment with different tactics, such as incorporating emojis, posing questions, or offering exclusive offers or discounts. A/B testing subject lines allows small businesses to identify high-performing variations and refine their approach over time. Remember to keep subject lines relevant to the email content to maintain trust and credibility with subscribers.

3. Optimize for Mobile Devices:

With a growing number of consumers accessing emails on mobile devices, it’s imperative for small businesses to optimize their email campaigns for mobile responsiveness. Design emails with a mobile-first mindset, ensuring that content renders seamlessly across various screen sizes and devices. Use single-column layouts, clear call-to-action buttons, and concise messaging to enhance readability and usability on mobile devices. Test email templates using responsive design tools to ensure a consistent and user-friendly experience across desktop and mobile platforms.

4. Foster Engagement with Compelling Content:

Engaging content lies at the heart of effective email marketing campaigns. Small businesses should focus on delivering valuable, relevant, and engaging content that resonates with their target audience. Share informative articles, how-to guides, product updates, customer testimonials, and exclusive promotions to keep subscribers informed and entertained. Incorporate visually appealing elements, such as images, videos, and infographics, to enhance engagement and convey messages effectively. Encourage feedback, comments, and social sharing to foster two-way communication and community building.

5. Measure, Analyze, and Iterate:

Continuous improvement is essential for optimizing email marketing performance and driving meaningful results. Small businesses should leverage email marketing analytics tools to track key performance metrics, such as open rates, click-through rates, conversion rates, and unsubscribe rates. Analyze campaign data to gain insights into subscriber behavior, preferences, and engagement patterns. Use these insights to refine targeting, content strategy, and email cadence for future campaigns. Experiment with different approaches, monitor results, and iterate based on performance feedback to maximize the effectiveness of email marketing efforts.

As Small Business Week approaches, small businesses have an opportunity to elevate their email marketing strategies and deepen connections with customers. By prioritizing personalization, crafting compelling subject lines, optimizing for mobile devices, delivering engaging content, and embracing data-driven decision-making, small businesses can enhance the effectiveness of their email marketing campaigns and drive sustainable growth and success in today’s competitive landscape. Through strategic experimentation, continuous improvement, and a customer-centric approach, small businesses can leverage the power of email marketing to cultivate lasting relationships, foster brand loyalty, and achieve their business objectives.

Connect with Factoring Specialist, Chis Lehnes on LinkedIn

Small Business Week: 5 LinkedIn Marketing Tips

Posted on April 30, 2024 by Chris Lehnes

Top 5 Small Business LinkedIn Marketing Tips for Small Business Week

In celebration of Small Business Week, it’s essential for small businesses to leverage every platform available to them. LinkedIn, a professional networking platform, offers unique opportunities for businesses to connect, engage, and expand their reach.

Here are five top LinkedIn marketing tips tailored specifically for small businesses:

Small Business Week - 5 LinkedIn Marketing Tips — Small Business Week – 5 LinkedIn Marketing Tips

Optimize Your Company Page: Ensure your LinkedIn company page is complete and optimized for maximum visibility. Use high-quality images, a compelling company description, and include relevant keywords to improve searchability. Regularly update your page with engaging content, such as company news, industry insights, and employee spotlights.
Build a Strong Personal Brand: Encourage key employees, especially founders and executives, to maintain active LinkedIn profiles. Personal branding can significantly enhance your company’s credibility and visibility. Encourage employees to share company updates, industry articles, and thought leadership content to amplify your brand’s reach.
Engage with Your Audience: Foster meaningful connections with your audience by actively engaging with their content. Like, comment, and share relevant posts from your connections and followers. Respond promptly to messages and comments to demonstrate your commitment to building relationships on the platform.
Create Compelling Content: Share valuable content that educates, entertains, or inspires your audience. Utilize different content formats such as articles, videos, and infographics to keep your audience engaged. Tailor your content to address the pain points and interests of your target audience, positioning your brand as a trusted resource in your industry.
Utilize LinkedIn Advertising: Consider incorporating LinkedIn advertising into your marketing strategy to reach a broader audience and drive specific business objectives. Experiment with different ad formats, targeting options, and budget allocations to optimize your campaign performance. Monitor your ad analytics regularly and adjust your strategy accordingly to maximize ROI.

By implementing these LinkedIn marketing tips, small businesses can effectively leverage the platform to build brand awareness, generate leads, and foster meaningful connections with their target audience. Happy Small Business Week!

Connect with Factoring Specialist, Chris Lehnes on LinkedIn

Fast Food Prices on the Rise

Posted on April 29, 2024 by Chris Lehnes

In recent months, fast food aficionados have been greeted with an unwelcome surprise: their favorite quick bites are becoming increasingly expensive. The once-affordable indulgence of a fast food meal is now putting a dent in wallets across the board. This phenomenon begs the question: why are fast food prices on the rise?

Supply Chain Woes

One of the primary culprits behind the surge in fast food prices is the ongoing disruption in supply chains. From farm to table, the journey of ingredients to your favorite fast food joint involves a complex network of suppliers, distributors, and manufacturers. However, disruptions like extreme weather events, labor shortages, and transportation challenges have thrown a wrench into this intricate system.

Consider the impact of climate change on agriculture. Unpredictable weather patterns and natural disasters can decimate crops, leading to shortages and increased prices for key ingredients like wheat, corn, and potatoes – staples in many fast food offerings. Furthermore, labor shortages exacerbated by the COVID-19 pandemic have led to increased wages for workers throughout the supply chain, which in turn drive up production costs.

Inflationary Pressures

Inflation, the general increase in prices over time, is another factor contributing to the uptick in fast food prices. As the cost of living rises, businesses are forced to adjust their prices to maintain profitability. The Federal Reserve’s efforts to stimulate the economy through low interest rates and monetary stimulus measures can inadvertently fuel inflationary pressures, further squeezing the margins of fast food establishments.

Menu Evolution

Another factor influencing fast food prices is the evolving nature of menus. In response to changing consumer preferences and societal trends, many fast food chains have expanded their offerings to include healthier, more sustainable options. While these menu additions may appeal to a broader customer base, they often come with higher price tags due to the use of premium ingredients and additional preparation requirements.

Navigating the New Normal

As consumers grapple with the reality of higher fast food prices, many are forced to reconsider their dining habits. Some may opt for less frequent visits to their favorite chains, while others may explore alternative dining options such as home-cooked meals or locally sourced eateries. Additionally, loyalty programs and promotional deals may become increasingly valuable as consumers seek ways to stretch their dining dollars further.

In conclusion, the rising cost of fast food is a multifaceted issue driven by supply chain disruptions, inflationary pressures, and evolving consumer preferences. While the days of dirt-cheap drive-thru meals may be a thing of the past, savvy consumers can still find ways to indulge in their favorite fast food treats without breaking the bank. However, it may require a bit more creativity and resourcefulness in navigating the ever-changing landscape of the fast food industry.

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Leveraging Small Business Week – 5 Ways to Reap the Benefits

Posted on April 29, 2024 by Chris Lehnes

Small Business Week is an annual event that celebrates the contributions of small businesses to local economies and communities. It’s not just a time for recognition; it’s also an opportunity for small businesses to leverage various resources and opportunities to grow and thrive. Here are five ways small businesses can benefit from Small Business Week:

Networking Opportunities: Small Business Week events often bring together entrepreneurs, business owners, industry experts, and policymakers. Networking during this time can open doors to potential partnerships, collaborations, and even mentorship opportunities. Attend workshops, seminars, and networking events to expand your professional circle and gain valuable insights from fellow entrepreneurs.
Access to Resources: Many organizations, including government agencies, chambers of commerce, and business associations, offer workshops, webinars, and resources specifically tailored to small businesses during Small Business Week. These resources may include information on funding opportunities, marketing strategies, business development tips, and regulatory guidance. Take advantage of these resources to enhance your business knowledge and skills.
Visibility and Publicity: Small Business Week is a prime opportunity to showcase your business and increase your visibility within the local community and beyond. Participate in local events, host open houses or special promotions, and engage with local media to share your story. Utilize social media platforms to amplify your message and connect with potential customers. The increased exposure during Small Business Week can help attract new customers and strengthen your brand presence.
Recognition and Awards: Many Small Business Week programs include awards and recognition ceremonies honoring outstanding small businesses and entrepreneurs. Nominate your business for relevant awards or participate in competitions that highlight your achievements and innovation. Winning or even being nominated for an award can provide valuable validation and credibility for your business, as well as positive publicity.
Learning and Growth: Small Business Week offers numerous opportunities for learning and professional development. Take advantage of workshops, seminars, and educational sessions to acquire new skills, gain industry insights, and stay updated on emerging trends. Investing in continuous learning is essential for staying competitive and adapting to the evolving business landscape.

In conclusion, Small Business Week is more than just a celebration; it’s a valuable opportunity for small businesses to network, access resources, increase visibility, receive recognition, and foster learning and growth. By actively participating in Small Business Week events and initiatives, small businesses can position themselves for long-term success and sustainability.

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