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Book Review: Your Cash Flow Connection by DL Benton

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Your Cash Flow Connection: Where Do You Go When The Bank Says No? by DL Benton is an excellent book on the alternatives to commercial bank financing. These alternatives have been referred to as non-traditional small business funding tools.

Benton has referred to the alternative business funding as leveraging liquid paper assets. One popular method, accounts receivables financing, is based upon the soundness of the accounts receivables of the seller. Contract or purchase order funding is legally binding for the purchase of goods at an agreed upon price and date. Business daily Credit Card Advanced Funding depends upon the soundness and predictability of the monthly debt and credit card sales.

Benton covers the more complicated business funding mechanisms. For instance, construction funding programs are for bonded and non-bonded contractors. Import and export funding is based upon the market demand and orders from customers.

The author provides many reasons for the growing popularity of the non-traditional funding mechanisms. Reasons include a highly leveraged global economy, investors want a good return on their alternative income streams and more consumers are knowledgeable about alternative income streams.

Benton explains that cash flow income streams can be sold in a secondary market. This market includes accounts receivables, construction receivables, purchase order financing, commercial contracts, letters of credit, bankruptcy receivables, medical receivables, international receivables and sports contracts.

The remainder of the book discusses collateral based cash flow income streams, contingency based income streams, insurance based streams and factoring. Your Cash Flow Connection is a valuable business financing resource for a plethora of small business uses where the services of non-traditional financing sources are needed.

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About Dr Joseph S Maresca

I've taught approx. 34 sections of collegiate courses including computer applications, college algebra, collegiate statistics, law, accounting, finance and economics. The experience includes service as a Board Director on the CPA Journal and Editor of the CPA Candidates Inc. Newsletter. In college, I worked as a statistics lab assistant. Manhattan College awarded a BS in an allied area of operations research. The program included courses in calculus, ordinary differential equations, probability, statistical inference, linear algebra , the more advanced operations research, price analysis and econometrics. Membership in the Delta Mu Delta National Honor Society was granted together with the degree. My experience includes both private account and industry. In addition, I've worked extensively in the Examinations Division of the AICPA from time to time. Recently, I passed the Engineering in Training Exam which consisted of 9 hours of examination in chemistry, physics, calculus, differential equations, linear algebra, probability/ statistics, fluids, electronics, materials science/structure of matter, mechanics, statics, thermodynamics, computer science, dynamics and a host of minor subject areas like engineering economics. A very small percentage of engineers actually take and pass the EIT exam. The number has hovered at circa 5%. Several decades ago, I passed the CPA examination and obtained another license in Computer Information Systems Auditing. A CISA must have knowledge in the areas of data center review, systems applications, the operating system of the computer, disaster recovery, contingency planning, developmental systems, the standards which govern facility reviews and a host of other areas. An MBA in Accounting with an Advanced Professional Certificate in Computer Applications/ Information Systems , an Advanced Professional Certificate in Finance and an Advanced Professional Certificate in Organizational Design were earned at New York University-Graduate School of Business (Stern ). In December of 2005, an earned PhD in Accounting was granted by the Ross College. The program entrance requires a previous Masters Degree for admittance together with a host of other criteria. The REGISTRAR of Ross College contact is: Tel . US 202-318-4454 FAX [records for Dr. Joseph S. Maresca Box 646 Bronxville NY 10708-3602] The clinical experience included the teaching of approximately 34 sections of college accounting, economics, statistics, college algebra, law, thesis project coursework and the professional grading of approx. 50,000 CPA examination essays with the American Institute of Certified Public Accountants. Additionally, membership is held in the Sigma Beta Delta International Honor Society chartered in 1994. Significant writings include over 10 copyrights in the name of the author (Joseph S. Maresca) and a patent in the earthquake sciences.