Channel Financing Blog

Texas-based factoring company provides working capital financing services for customers across the United States, through accounts receivable factoring, asset-based lending and similar services.

Cedar Park, TX  -  October 12, 2007 -- Small businesses in need of working capital financing have a new option. Far West Capital provides invoice factoring, asset based lending, and similar services designed to provide growing companies with much-needed working capital. Based in Texas, the company serves customers nationwide.

Far West Capital is a specialty finance company that provides highly customized working capital services to small and medium-sized companies. These services can benefit any business with accounts receivable (invoices) that needs capital for sustained operation and continued growth. Companies can use the working capital they obtain through this service for a variety of business needs -- material acquisition, operating capital, turnaround financing, recapitalization and more.

Working Capital Finance, Explained

Working capital refers to liquid assets a company has with which to operate. By extension, working capital financing refers to various financial services that provide businesses with the capital they need to maintain their operations.

"Essentially, we provide companies with the cash flow they need to keep their businesses going," said Cole Harmonson, the company's president, "so our primary service is referred to as working capital financing."

Far West Capital provides financing through several channels:
* Factoring of Accounts Receivable - Customers sell their outstanding invoices or receivables in exchange for cash / working capital for their business. Also commonly referred to as invoice factoring services.
* Asset Based Lending - Customers present a borrowing base, which consists of their existing and ongoing accounts receivable and inventory. The customer then receives funding upon presentation of that base.
* Purchase Order Financing - Far West Capital assumes the customer's purchase orders in exchange for cash / working capital for their business.

A Factoring Company With a Difference

Leading Far West Capital is Cole Harmonson, who has more than 11 years' experience in the world of working capital financing and factoring. Harmonson explained what it is that makes Far West Capital different from other factoring companies within the working capital finance industry:

"We customize the relationship based on the needs of our clients. A lot of factoring companies preach that, but we practice it as well. Each client is different, so we start the process with this in mind, and then we create a financing solution around their individual needs. It's challenging for us, but it helps us differentiate our company by providing a more flexible service to clients."

Like Harmonson, the other members of Far West Capital are equally experienced in the world of working capital finance. In fact, the entire Far West team formerly worked together managing the Working Capital Finance Group of State Bank. Combined, the team has more than 25 years' experience with accounts receivable financing, invoice factoring, and other aspects of working capital.

An Educational Approach to Finance

Far West Capital also takes an educational approach to their business. Their website is packed with information that explains their services, and they've even started a working capital blog (a first of its kind) to further educate potential customers on the ins and outs of working capital financing. Visit the blog at http://www.farwestcap.com/blog/

"A lot of companies need our services without even realizing it," Harmonson explained. "They want to convert their accounts receivable into working cash flow, but they don't know how to go about it. Some have never even heard of factoring. That's one of the reasons we focus so heavily on customer education ... to connect our services with the needs of our potential customers."

About the Company
Far West Capital provides working capital to growing companies through accounts receivable and inventory financing tools. Based in Cedar Park, Texas, the company serves growing businesses across the United States. To learn more about the company and their financial services, please call or visit them online:

www.FarWestCap.com
info(at)farwestcap.com
512-528-1490

Safe Harbor Statement:
This release includes forward-looking statements about the company's products and services. All such forward-looking statements are subject to uncertainties that could cause actual products and services to differ from those in forward-looking statements.

Press Contact: Melissa Cornett
Company Name: Far West Capital
Phone: (512) 528-1629
Website: http://www.farwestcap.com

# posted by (hris @ 3:55 PM 0 Comments

Families and individuals do not have to limit their retirement funds to a range of products or investment policies offered by their employer or financial/insurance institution. RealSource Retirement Services is helping generate monthly income and increased wealth for those who no longer wish to be bound to traditional investment choices or are limited in their ability to invest their hard-earned money as they see fit.

Howell, NJ  -  April 15, 2008 -- Families and individuals do not have to limit their retirement funds to a range of products or investment policies offered by their employer or financial/insurance institution. RealSource Retirement Services is helping generate monthly income and increased wealth for those who no longer wish to be bound to traditional investment choices or are limited in their ability to invest their hard-earned money as they see fit. This is done with their retirement funds by placing them into income property investments that make sense – and in markets that work.

"Despite the negative media attention, there are still real estate markets that fall outside of that, that haven't slowed down and that are still growing at extremely strong and beneficial levels," said Jeremy Hanks, Director of RealSource Retirement Services, whose firm presents investors with self-directed retirement opportunities that have reasonable risk levels and higher net returns. "There are risks out there but if you can locate yourself within the right market with the right tools, the rewards are tremendous, a lot better than most, if not all, individual retirement plans – and remember, you are in control of your money."

RealSource Retirement Services has made available an audio Webinar that highlights the RealSource economic model, how to identify markets that have the best investment potential and the ability to separate that into which markets have the best cash flow opportunities and which markets have the best appreciation opportunities. To listen to the audio Webinar, go to www.incomepropertyinvestmenttalk.com/realsource_investor_ira.htm.

"Ideally, as self directing IRA investors, you should look for both appreciation and cash flow in the right place at the right time," said Michael Madsen, Director of RealSource Retirement Services. "A self directed IRA protects assets from creditors and frivolous lawsuits, plus real estate as an investment has generated more wealth than any other vehicle for investors who understood how to avoid common mistakes. We help IRA fund holders invest in real estate well."

To schedule a one-on-one consultation with Messrs. Hanks and Madsen, call (800) 929-2150 or e-mail them at RRS @ realsource.net. To listen to the audio Webinar, go to www.incomepropertyinvestmenttalk.com/realsource_investor_ira.htm.


Press Contact: Peter L. Mosca
Company Name: RealSource Retirement Services
Phone: 732.841.4778
Website: www.IncomePropertyInvestmentTalk.com

# posted by (hris @ 1:44 PM 0 Comments

Wolters Kluwer Financial Services Launches Red Flags Resource Center to Help Financial Institutions Comply with New FACT Act Requirements

Web Site Helps Institutions Learn How to Build Comprehensive Identity Theft Prevention Program to Meet the Red Flag Rules

MINNEAPOLIS-- May 07, 2008 --Less than six months from now, U.S. financial institutions will be required by federal regulators to have implemented a comprehensive identity theft prevention program under the requirements of the Fair and Accurate Credit Transaction (FACT) Act's new Red Flag Rules. To help institutions ensure they meet the regulators' mandatory Nov. 1 compliance date, Wolters Kluwer Financial Services today announced the launch of the company's new Red Flags Resource Center.

The Red Flags Resource Center is a Web site devoted to providing financial institutions with practical information that will help them address the requirements of the new Red Flag Rules. By visiting www.WoltersKluwerFS.com/RedFlagInfo, institutions can learn how to build or update their identity theft prevention program to ensure compliance with the new requirements.

The site's content includes free access to articles, a blog and other information as well as additional tools available separately that can help financial institutions develop policies, create programs, train employees and implement a compliance solution.

"Wolters Kluwer Financial Services has a reputation for helping financial institutions swiftly and efficiently comply with regulatory changes," said Todd Cooper, vice president and general manager of the company's Financial Intelligence Unit. "The new Red Flags Resource Center builds upon that reputation by helping institutions solidify compliance with the new requirements so they are prepared for regulator review come Nov. 1."

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization's prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services®, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INsource®, AuthenticWebT and CCH® Wall Street.

Wolters Kluwer Financial Services' solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information and professional services. Customers include banks, credit unions, mortgage lenders and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of ?3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.WoltersKluwer.com for information about our market positions, customers, brands and organization.

Contacts

Wolters Kluwer Financial Services
Jennifer Marso, 612-852-7912
Director of Corporate Communications
Jennifer.marso@wolterskluwer.com
or
Charles Miller, 320-240-5457
Senior Public Relations Specialist
Charles.miller@wolterskluwer.com

# posted by (hris @ 3:26 PM 0 Comments

Nationwide Retirement Plans Supports Online Community for Small Business

Nationwide and PartnerUp.com Connect to Help Entrepreneurs Grow Businesses

COLUMBUS, Ohio-- May 05, 2008 --Nationwide Financial Services, Inc. (NYSE: NFS) is stepping up its commitment to supporting small businesses through sponsorship of PartnerUp, the first and largest online community designed to connect and serve the needs of small business owners.

Nationwide's support of PartnerUp enables small business owners to network with other small business owners, ask for and offer up assistance, and find small-business-friendly service providers and commercial real estate spaces for their businesses.

"PartnerUp serves as an excellent resource and unmatched networking opportunity for the small business community and Nationwide is proud to support the work that it does," said Bill Jackson, president of Nationwide Retirement Plans. "Many small business owners wear multiple hats and often don't have the time, resources or expertise to manage a retirement plan. Nationwide understands the demands on their time and offers clear and understandable resources to help them and their employees save for retirement so that they can focus on running their businesses."

Nationwide is the largest provider of defined contribution plans in the country1 and has products specifically designed to meet the needs of small businesses. Nationwide Retirement Innovator offers both target maturity funds for those who need some help making investment decisions and the Nationwide Financial® Fund Window for those who want choice and a broader selection of funds.

Nationwide and PartnerUp commented that they are committed to working together to provide the support and insight entrepreneurs need to succeed in today's business environment.

"PartnerUp is excited to have the support of Nationwide, one of the country's largest providers of insurance and financial services for small business," said Steve Nielsen, founder and CEO of PartnerUp. "We look forward to working with Nationwide to roll out additional tools and resources that help small business owners start, grow and manage their businesses."

Small business owners who are looking for more information on how they and their employees can save and prepare for retirement can visit www.nationwide.com/retirementplans or call toll free 1-800-262-401K.

About Nationwide

Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $161 billion in assets. Nationwide ranks #108 on the Fortune 500 list. The company provides a full range of insurance and financial services, including auto, motorcycle, boat, homeowners, life, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions, long-term savings plans and health and productivity services. For more information, visit www.nationwide.com.

About PartnerUp

PartnerUp is the first and largest online community that focuses solely on helping small business owners start, grow and manage their businesses. The company allows small business owners to network with other small business owners, ask for and offer up advice, and find service providers and commercial real estate. PartnerUp was founded in February 2005 and is headquartered in Minneapolis. For more information, visit www.partnerup.com.

1 Based on the number of recordkeeping plans, PLANSPONSOR magazine (June 2007).

Please note that the investment options offered through the Nationwide Financial® Fund Window may require investment expertise and/or professional management advice to prudently manage. Nationwide® does not monitor these funds. In addition, some of these investment options may have higher Nationwide asset fees than the designated investment options. Nationwide does not make recommendations or give investment advice.

Target Maturity Funds are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the Target Maturity Funds, an investor is indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds.

The Nationwide® Group Retirement Series includes unregistered group fixed and variable annuities and trust programs. The unregistered group fixed and variable annuities are issued by Nationwide Life Insurance Company. Trust programs and trust services are offered by Nationwide Trust Company, FSB a division of Nationwide Bank®. Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation. Nationwide Mutual Insurance Company and Affiliated Companies, Home Office: Columbus, OH 43215-2220.

Nationwide, Nationwide Bank, Nationwide Financial, the Nationwide framemark, Life Comes at You Fast and On Your Side are federally registered service marks of Nationwide Mutual Insurance Company.
Contacts

Nationwide
Carah Brody, 614-677-0275
brodyc@nationwide.com
or
PartnerUp
Megan Dorn, 952-229-8300 x344
Megan_Dorn@PartnerUp.com

# posted by (hris @ 3:22 PM 0 Comments

The five-year freeze on mortgage interest rates recently announced by the federal government may be intended to help responsible homeowners avoid foreclosure, but a noted economist with the Real Estate Center at Texas A&M University says there may be a better solution to the mortgage crisis.

College Station, Tex.  -  December 19 -- The five-year freeze on mortgage interest rates recently announced by the federal government may be intended to help responsible homeowners avoid foreclosure, but a noted economist with the Real Estate Center at Texas A&M University says there may be a better solution to the mortgage crisis.

"The federal government has to be very careful in addressing this problem," said Dr. Mark Dotzour, the Center's chief economist. "Aggressive government intervention in the mortgage market will only create additional uncertainty for bond investors. Freezing interest rates is a bad idea. When you tell an investor that the contract they hold is no longer valid, it constitutes actual taking of private property."

Dotzour added that if the government intervenes and rewrites the terms of existing mortgage contracts, bond investors will become leery of buying mortgage bonds in the future and will demand higher interest rates for the higher perceived risk.

Research Economist Dr. James Gaines, also with the Center, agrees, calling the basic premise of the plan shaky and the details sketchy.

"For the most part, the homeowners and borrowers likely to benefit from the interest rate freeze are the very same people who would have the best chance of renegotiating their loans with the lender in the first place — a borrower with a relatively sound credit rating and a history of making payments who simply needs a little help to keep from going into full default," Gaines said.

So how can the federal government speed the recovery process in the U.S. housing markets?

The first thing the government should do, Dotzour said, is cut short-term interest rates to 2 or 3 percent. At the same time, they could aggressively purchase mortgage bonds and long treasuries to drive down the ten-year yield, which Dotzour said has already dropped below 4 percent in the past six months.

After that, the government needs to address the increased risk premium in the mortgage market by establishing conservative mortgage guidelines and creating a new government "seal of approval" for mortgage loans that meet standard underwriting guidelines. Dotzour said this would help raise confidence in private bond rating agencies and the mortgage insurance industry.

"Together, these efforts would drive down mortgage interest rates dramatically and allow American homeowners to refinance," Dotzour said. "This looks like heavy-handed government intervention into the housing market, but we are likely to see heavy-handed intervention anyway, so we might as well do something that might actually work."

The Real Estate Center (http://recenter.tamu.edu) has been providing solutions through research for 35 years. Funded primarily by Texas real estate licensee fees, the Center was created by the state legislature to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public.

Note to Editors
To interview Dr. Mark Dotzour, call 979-862-6292

Additional research information:

Dr. James Gaines, 979-845-2079

Other contacts: Bryan Pope, 979-845-2088, BPope(at)mays.tamu.edu. For information on the Real Estate Center, contact Senior Editor David. S. Jones at 979-845-2039 (voice), 979-845-0460 (fax) or djones(at)recenter.tamu.edu. More than 29,000 pages of data are available at the Center's web site.

Press Contact: Dr. Mark Dotzour
Company Name: The Real Estate Center
Phone: 979-862-6292
Website: recenter.tamu.edu

# posted by (hris @ 11:08 AM 0 Comments