Small businesses have cash flow needs, just like the largest corporations. Businesses of all sizes require the constant re-infusion of working capital to thrive. But while banks are responsive to their largest corporate customers’ cash flow needs, or even proactive, they prioritize small business needs lower, and often treat smaller borrowers like pests.
You’ll get over any indignity, but you don’t want your business to fall victim to a cash flow crisis that could have been prevented by access to timely financing. You already have that access, if you’re fulfilling contracts to creditworthy customers.
Why not thrive?
Many small businesses were battered during the recent recession, and their credit reflects the trauma. The newest start-ups haven’t had time to establish strong credit, and find themselves under-resourced. Account receivable financing is a solution for small businesses with weak credit, because the transaction is based on the invoiced customer’s payment history, not the entrepreneur’s credit. Sell your creditworthy invoice at discount in return for advanced payment & collection services.
The value of the account receivable financing company’s collection services shouldn’t be underestimate. Many entrepreneurs report collections are an energy drain that saps their enthusiasm for the core business. Companies like Meridian PO Finance have the potential not only to stabilize your company finances, but to give you your joy back.