Financing Government Contracts for Small Businesses Government contracts are an excellent way to diversify your company’s revenue stream and grow your overall business. These programs are especially attractive to specially designated Small Businesses, Women-owned businesses, and veteran owned businesses as regulations require a portion of the contracts to be awarded directly to them. While working […]
Are You in a Pickle with Your Bank? Growth is great and growth is tough. When a company has a product or service that is hot, the entrepreneurial spirit drives them to get the most out of the opportunity. But pushing too hard too fast can have its consequences; and, when they’re not prepared, those […]
Honeybees and their hives, just like humans and their companies, are very socially bound creatures with advanced social structures. They each have a hierarchy, specific job roles, and all are working for the same goal – to survive and thrive. The comparison also shares the difficulties of life. Environmental pressures can delay a supplier shipment […]
Coming Out of Covid The Paycheck Protection Program (PPP) officially ended on May 31, 2021. This unprecedented governmental assistance program was met by many with mixed emotions regarding its communication, implementation, and long-term fiscal impact. While the PPP experienced its fair share of controversies throughout its disbursement, the program was a lifeline for many businesses […]
For many SMBs, their ability to grow is limited mostly by their cash flow – or lack thereof. It’s easy for a smaller operation to get into a situation where they are, on paper, doing fine. But, in reality, they have so few actual liquid funds that they cannot afford to re-invest in themselves or […]
If you’re stuck for cash flow, accounts receivable financing solutions could be exactly what you need to keep your business afloat. Most SMBs live or die based on their ability to keep incoming flowing in, but that can be difficult when their invoices won’t be paid for 30-60 days. Plus, that’s assuming the customer are prompt […]
For many small and medium-sized businesses, their ability to function month-to-month often relies directly on their ability to keep payments incoming. Should a major customer skip their payments, or initiate some sort of dispute over a bill, it can be devastating to their cash flow. Even the typical 30- or 60-day remittance periods can become […]