Small Business Cash Flow Tip: PLAN AHEAD!

Small Business Cash Flow Tip: PLAN AHEAD! While lines of credit are reusable, business loans are lump sum disbursements that fund your business when the need arises. Whether you're funding business growth or tiding yourself over between a management transition, a business loan can give you a rapid cash infusion and the flexibility to pay that amount back over a predetermined time frame. Business loans can be a good choice when growth is on the horizon and they are a longer-term solution than lines of credit. They can help businesses increase production, hire key talent or complete a product that will replenish your cash flow. Bottom line, the worst time to plan a cash infusion is when you need it. Be proactive, plan ahead, and create a relationship with a reputable funding source now, not in an emergency situation when you're forced to accept anything that's thrown at you. As always, we're here to help!

 

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