Hard Economic Times May Risk Cash Flow
Business owners understand that CASH IS KING!
(If you are unclear about this, please register for Enterprise ProfitAbility today! The next seminar is Dec. 9th.)
But what happens when you are caught between payment delays and this credit crunch? Banks are just not lending to businesses. And if you don't have your own funds, you may not be able to expand as needed or your business can potentially stop completely. So, what do you do?
FACTORING.
What is it? It's the stop gap between payment delays and an income stream. It ensures that you, the business owner has access to capital that you need. Sometimes it calls for selling your income stream. For example, if you have Medicare or medicaid or other government receivables, a factoring company will buy that income stream for you. You have the cash you need without the hassel of waiting on the receivable.
Businesses should be running as usual. But as you plan for the future it may be a good time to have a contingency plan in place, especially for delayed revenue streams.
Don't hesitate to contact us at http://www.tjgcommercial.com/CommercialRealEstate.html for more information.
Labels: Broker, Cash Flow Funding, chicago broker, Commercial Real Estate, Factoring, Need to pay bills on time, selling income


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