It’s a beautiful thing when your business has grown in such a way that there is a demand for your product or service. But when that demand exceeds what you can provide in a timely manner, it can become a real frustration point for the client and you as the business owner. Often a business will have to wait for payment on existing accounts before they can acquire or satisfy new ones.
When this happens, most companies will reach out to someone they know, an investor, or their bank to inquire about a loan to fund the gap.
Traditional options aren’t always a fit
The truth of the matter is, there isn’t a ‘one size fits all’ solution for every business in this situation. Borrowing from family, friends, and investors can bring unnecessary strain upon relationships too.
While we always try to guide customers toward a lending solution, there are times that a bank isn’t even in the position to help out.
For a variety of reasons, sometimes a bank may be forced to tell a business ‘no’ either because it is “too new” or “too small.” You can even grow ‘too quickly’ or become ‘too leveraged’ to satisfy the requirements of lending regulations. Even if you’re only stretched thin because you purchased new equipment to sustain your expansion.
Other times, if a bank can help at all, it’s not nearly for the amount that you needed.
We understand your pain, and that’s exactly why we have ‘Cash Flow.’
Our Cash Flow division brings a unique solution to the table
You see, most banks are required to look backward at your credit history to determine if you qualify, but the Cash Flow model is built around yourassetsandreceivables. This structure provides a track that measures for future growth opportunity.
So even if you’re paid slowly – 120 days out, or if you don’t have hard assets to borrow against, you may still be a good fit for this type of funding. In fact, B2B receivables, or a strong customer base, may be all you need.
Making the assessment
Just to be clear, Cash Flow is not for businesses who need money in 48 hours to stay afloat or to take advantage of a quick offer. We are here for companies who manage their business well, and who could do so much more, with greater profitability, if only they could get paid the day they invoice, rather than waiting.
In as little as 24 hours, our team can assess your needs and let you know if we can help. If for some reason, we aren’t able, we do have other resources that we can provide.
The underwriting process can take several days to complete, but when you meet our team and get a taste of the benefits, we believe you’d find it worth that wait.
You know as well as we do that growing is a good thing. Even if you’ve had a rough spell, if you’ve been able to turn things around, you’ll need better cash flow more than ever.