Every
business needs good financing! You just have to be smart about it...use
whatever money you get wisely and think ahead! If you need $50k for
inventory for example and you sell $25k in 30 days on 30 day
terms...well guess what?? You need another $25k just to replace that
inventory and you won't get paid for 30-45 days. Keep a tight leash on
open accounts! Especially when you are first getting started...CASH
FLOW RULES! And it is the key to success.
Be
cheap (frugle) whe you are staring out, and use the proceeds from your
business loan, start up loan wisely and always keep a reserve!
Business
Financial Services (BFS) has created a program for small businesses to
use the credit card sales you make (every day!) as a way to fund loans
for you to use any way you need it. Let's face it...every business ends
up with a cash crunch at some point.
If
you are process ing at least $4,000 per month in credit card sales,
been in business for a year or more your as good as approved! And you
can get cash (up to $50k) within about 5 business days! BFS then sets
up a payment plan based on your credit card receipts and automatically
gets paid...you're never late, and you don't turn over the entire
credit card purchase...only a portion of it!
