Cash flow for a business can be a complicated balance of spending versus saving, but here’s a simple idea from the personal banking side that might be useful: stash extra cash in a certificate of deposit (CD). This common retirement tool makes sense to consider as a safe harbor for business funds, too. Not only…
When financing, there are many options to consider – especially when it comes to a high-ticket purchase for new equipment. Do you put it on a line of credit? Get a SBA loan? Finance through a bank or where it’s purchased? Lease instead of buy?
Cash flow is the lifeblood of any business. Balancing income with expenses, investing money back in the business, using smart financing to grow and understanding how much cash you need to keep on hand and in reserve are key components of its success. Just how much cash to keep in reserve is a delicate…
Every business has the occasional gap between expenses and accounts receivables, or needs a sudden infusion of cash for something unexpected. It’s just a normal part of doing business. Maybe it’s expensive seasonal merchandise that requires prepayment but won’t generate revenue for another six weeks, or slow accounts receivables when payroll is due… but how the…
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