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Working With a Lender’s Lender During a Pandemic
The ongoing COVID-19 pandemic is proving to be difficult for many industries of the US economy. We’re seeing the impact hit a variety of different sectors, such as travel, construction,…
Tag: Jeff Wright
When PPP Isn’t Enough
The Paycheck Protection Program (PPP), along with other federal and state initiatives, helped many business stay afloat during the COVID-19 pandemic. Many would have closed permanently because they lacked the…
6 Considerations when Planning for a COVID19 Business Restart
With so much uncertainty in the economy during this unprecedented health crisis, planning and communication are critical to any company’s survival. Much is being said about preserving cash. And it’s…
When the Bank Says No
Why do Banks Deny Borrowers? During this time of uncertainty, you may find that traditional banks are tightening their credit requirements, making it harder to obtain the working capital you…
Creative Business Financing
Creative Business Financing Once you burn through your own cash and that of your family and friends, it’s time to consider other sources of financing to grow your business if…
Factoring, Asset-based Line of Credit, or Bank Line of Credit… Where Does Your Business Fit in the Financing Spectrum?
Financing your small business can be a complicated endeavor. The number of options can be intimidating. Big banks, community banks, private capital, non-bank lenders, factoring companies, fintech companies, or private…
Business Development: What Does it Really Mean?
Business Development Means Different Things to Different People Some may consider developing new products or services to be business development. To those on the sales side, it may be identifying…
Five Best Cash Flow Practices for Your Clients
Maintaining Healthy Cash Flow Practices is Key to Sustaining and Growing any Business Constantly monitoring, analyzing, and adjusting for economic downturns, seasonality, competition, and industry trends can position a company to…
How Staffing Companies Can Increase Working Capital
Employers are increasingly looking to staffing agencies for those hard-to-find employees. As staffing agencies increase their volume, cash flow issues can arise for staffing companies that do not have adequate…
Working Capital for Manufacturing Companies
So Many Options… What Fits Best? There are many different sources of financing for manufacturing companies who have a proven track record of success. However, many are unable to find…