Finding the right financing for your small business does not have to be a chore nor does it have to be overwhelming. After your business plan is in place make sure your goals match what is set out in your business plan and that there are realistic projections. When that is done, it is time to think about what financing strategy would work for you.Traditional financing may be the first thing people may consider, however, if you do not have the liquidity or cash flow, there are options and alternate financing. Angel investors may not be easy to find, but
Category: Small Business
Purchase Order Financing For Small Businesses
Small business owners know that having issues with cash flow, while trying to fulfill existing customer orders, is never an easy endeavor. The customer is impressed and wants product, but the small business lacks the funds to not only purchase the raw materials, but to pay for the work needed to complete the customer’s order. Because of their uneven cash flow the small business is left with a large customer order they can’t even start! Is there a solution to such a problem? In fact, there is. It comes in the form of purchase order financing. So, what is purchase