Anyone who provides business services to customers relies on those customers paying their invoices promptly.
However, many business customers require extended payment terms such as 30-60 days from time of invoicing, and others are not always reliable about paying invoices on time. Business services factoring is a way to stabilize your cash flow and receive payments on a regular schedule, at time of invoicing.
Cash Flow Basics: What To Look For and How To Improve It
Cash flow is a major factor for every business. The amount of money that goes in and out of your business is connected to your profits as well as your ability to meet expenses such as payroll.
What is Cash Flow?
Cash flow is the sum total of all the money moving in and out of a business. Cash flow can be broken down into two main categories, positive and negative. Positive cash flow includes income from sales and money earned from investments.
Cash Flow Problems: Causes and Solutions
Many businesses experience cash flow challenges at one time or another. Any business that sends out invoices, which includes manufacturers, distributors, logistics, temp agencies, consultants,
and many other business services, are at risk for cash flow difficulties.
Let’s take a look at some of the common causes and solutions for business cash flow problems.
How to Improve Your Business’s Financial Position
Growing your business as bank lending is tightening? Talk to one of our experts.
To make improvements on your company’s financial position, you have to assess every aspect of your business and identify areas that need improvement. There are many factors that determine your business’s overall financial state. There are also certain actions you can take right now that can give you better results.
Alternative Financing Options for Small Businesses Post Silicon Valley Bank Collapse
The failure of Silicon Valley Bank (SVB) in April 2023 has had a significant impact on new and small business loans. In the wake of the collapse, banks have become more cautious about lending, and many have tightened their lending standards. This has made it more difficult for new and small businesses to obtain financing, and has led to a decline in lending activity.
The impact of the SVB collapse on new and small business loans is likely to be felt for some time. As banks continue to be cautious about lending, it is likely that the supply of credit will remain tight. This could make it difficult for new and small businesses to grow and expand, and could slow the overall economy. Read more