Could you increase profits by operating from an enhanced cash position? We would like to introduce you to a program that puts you on a cash basis with your customers! The program, called BusinessManager®, provides companies with immediate cash for their outstanding accounts receivable. Many businesses have used the program to access cash that was previously “locked up” in receivables.
Unlike a traditional line of credit secured by receivables, BusinessManager® converts your accounts receivable into liquid cash. Not only for all existing receivables, but also for your daily credit transactions on an ongoing basis.
5 Benefits of the BusinessManager® program:
1. Improve Cash Flow – With predictable cash flow, you can make payroll, remit payables on time, increase inventory, and pursue new business opportunities.
2. Grow Sales – Pursue larger contracts and/or new customers that you otherwise could not accommodate due to limited working capital.
3. Save time and money – Take advantage of prompt payment discounts from suppliers and get back to doing business.
4. Offer financing to your customers – Sharpen your competitive edge by offering flexible payments terms.
5. Increase your Bottom Line – Enhance profitability by increasing sales and reducing costs! Having cash on-hand can make all the difference…
To learn more about the potential benefits of enhanced cash-flow, please contact us and one of our business banking experts would be happy to discuss your next steps!