Team member matthew

Dane Panes

Content Writer, SMB Compass

Education

Indiana University Bloomington

Expertise

GovCon Financing Expert, Asset Based Lending, Invoice Factoring, SMB Advocate

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Experience

Matthew Gillman is the founder and CEO of SMB Compass, a bespoke business financing company focused on providing financing and education to small businesses across the U.S. The company has provided over $250 million to more than 1,250 businesses. Coming from a family of small business owners sparked Matthew’s passion to not only become an entrepreneur, but also to work with his fellow entrepreneurs to build long-lasting relationships.

Articles by Dane Panes

Asset-Based Line of Credit: How to Know If It’s Right for Your Business

By Dane Panes / August 23, 2022

| Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways Asset-based lines of credit rely mainly on the value of the collateral presented by the borrower, which usually includes real- estate, inventory, and equipment. One of the surefire benefits of an asset-based line of credit includes faster approvals and funding than traditional…

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Is Invoice Trading a Good Alternative Financing Solution?

By Dane Panes / August 19, 2022
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Is It Possible to Get an Invoice Factoring with No Credit Check for Your Business?

By Dane Panes / August 19, 2022
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A Guide to Invoice Factoring for Small Businesses

By Dane Panes / August 19, 2022

| Share on Facebook Share on Linkedin Share on Twitter Contents Dozens of unpaid invoices can put a dent in small business cash flow. Since your clients don’t usually pay you right away for the goods and services rendered, invoice factoring can provide immediate funding so you can continue to pay for payroll, utilities, and…

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What is Asset-Based Lending?

By Dane Panes / August 19, 2022
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Facts About Inventory Loans for Small Business

By Dane Panes / August 19, 2022

| Share on Facebook Share on Linkedin Share on Twitter Contents Inventory loans for small business is ideal for enterprises dealing with rapidly moving inventory and expanding working capital. An entrepreneur should take the time to understand what this financing option is, how it can help, and what it requires from the borrower. Defining Inventory…

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Factoring Invoices Pros and Cons: An In-Depth Look at the Mechanics of Invoice Factoring

By Dane Panes / August 19, 2022

| Share on Facebook Share on Linkedin Share on Twitter Contents Invoice factoring is a type of financing that allows entrepreneurs to advance cash against the value of their accounts receivables. In other words, you take out a loan ahead of the cash that you’re yet to collect from your customers or debtors.Let’s define invoice…

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A Definitive Guide to Asset-Based Finance

By Dane Panes / August 19, 2022

| Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways Asset-based finance or asset-based lending requires borrowers to put up collateral to qualify. Some of the most common collaterals you can use are real estate, accounts receivables, heavy equipment, and inventory. Note that lenders won’t offer a fixed interest rate for asset-based…

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Asset Based Business Loans

By Dane Panes / August 19, 2022
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A Beginner’s Guide to Invoice Financing Definition for Business Growth

By Dane Panes / August 19, 2022

| Share on Facebook Share on Linkedin Share on Twitter Contents Invoice financing is a type of short-term borrowing extended to your business by a lending institution based on your customer’s unpaid invoices.  It means you can get your invoices paid immediately rather than waiting for a longer time. Collecting payments from your customers can…

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