The Official Newsletter of Primary Funding Corporation
Financial Facts & Funnies
Did you know the average lifespan of a $100 bill is 15 years while a $5 bill lasts just 4.9 years.
Where do eskimos keep their money?
Meet Karenza McNair!
Q: WHAT IS IT LIKE WORKING AT PFC?
Working at PFC has been one of the best experiences in my professional career! From excellent leadership to great colleagues, my favorite part about my job is the PFC culture. We’re not just teammates, we’re like family! As far as the work itself, I enjoy getting to speak with entrepreneurs and business owners of all kinds and learning about their company. As a credit analyst, I handle a lot of the underwriting for new accounts and some of the stories I hear are truly fascinating and inspiring, and I get to learn so much about other industries as well. It definitely keeps things interesting!
PFC Client Corner
Birds Eye Arial Drones Soar to New Heights!
Sure, the team at BIRDS EYE ARIAL DRONES (BEAD) could teach you a thing or two about flying a drone – but it would just go over your head! All kidding aside, this company is flying high in the commercial drone space. BEAD was among the first companies granted permission by the FAA for commercial use of drones. All pilots are Part 107 Licensed, Certified and Insured. When using their services, you can feel confident knowing BEAD’s experienced pilots always perform operations that are safe and legal. Above all, they observe all local, state and federal safety regulations, as applicable, and are $10 Million insured.
BEAD is a Service-Disabled-Veteran-Owned Small-Business that provides turnkey aerial imaging solutions and consulting to help businesses improve their ROI. Maybe you require actionable aerial data for mapping and environmental monitoring? Perhaps you need aerial video content for an advertising or entertainment project?
How To Use The "F" Word In Business
If you were hoping this article would somehow show you how to use a certain four-letter word, professionally, in business, then sorry to disappoint you. Unfortunately, there will be no examples of office friendly “F” Bombs, if there ever was such a thing!
Despite your disappointment, (hold the sigh), odds are you’ll find this to be helpful and informative, especially if you’re someone who needs help with cash flow for your business.
The so-called “F” WORD, as it’s used here, refers to a business financing product called “FACTORING.” Factoring sometimes gets a bad rap. As is the case with any industry, there are the occasional bad actors that can give an otherwise good thing a bad name if it’s not used properly or ethically. There are a few choice words for these people. Words that the other “F” word would come in handy for, but hey, let’s not digress and instead move on to the many positive aspects of Factoring.
PFC Partners with PTAC!
On November 10th PFC was proud to sponsor a webinar hosted by the Association of Procurement Technical Assistance Centers, or PTAC for short, (www.aptac.org). Fernando Ponce and Richard Gendron from Primary Funding led the free webinar that included breakout sessions on how to finance government contracts. “We always like to make our webinars interactive, rather than just lecture,” Fernando said. “It gives us the opportunity to answer questions and talk about real-life situations and challenges that the participants are actually experiencing.”
There are over 300 local PTAC offices that form a nationwide network of dedicated procurement professionals working to help local businesses compete successfully in the government marketplace. PTACs are the bridge between buyer and supplier, bringing to bear their knowledge of both government contracting and the capabilities of contractors to maximize fast, reliable service to our government with better quality and at lower costs.
“PFC helps government contractors with cash flow so they can meet demand and fulfill those government contracts,” said Richard Gendron, PFC’s VP of Operations. He added that, “Working with Director, Brett Housholder, and the rest of the PTAC team was a great experience. We hope to work with PTAC again on other webinars in the future.”
So, if you work in government contracts, be sure to stay tuned!
San Diego Angel Conference | Funding Alternatives
Dan Lozier, VP at Primary Funding to host this Wednesday There are many ways to fund a startup. Join us this Wednesday, 11/18 for the E-Track: Funding Alternatives to Angel Investing for a discussion about loans, revenue-based lending, crowdfunding, angel investment, factoring, venture capitalism and IPO's to name a few. Learn more and register for free at: https://sdsbdc.ecenterdirect.com/events/13426
Quote of the Month
“As we express our gratitude, we must never forget that the
highest appreciation is not to utter words, but to live by them.”
- John F. Kennedy