Many businesses have trouble managing their traditional lines of credit over time, because they fail to properly revolve their line by paying down the principle as their accounts receivable pay them. Eventually their line terms out, damaging their banking relationship and increasing their debt burden. With BusinessManager, you don’t have to think about how and when to pay down your line. Your customers’ payments are automatically posted to your line of credit, reliably reducing the balance and creating new credit availability.
BusinessManager is a growth vehicle for small businesses. In fact, many owners are first drawn to the program because they’ve had to start turning away business due to cash flow constraints. By allowing you to fund new invoices upon receipt, BusinessManager positions you to manage growth with ease. We’ve helped businesses with growth rates ranging from 5% to more than 300% per year throughout our long history.
Imagine if every time you placed a new invoice in the mail, you received cash back within 24 hours. By financing your accounts receivable in a predictable fashion, you are free to run your business as you see fit. No more running to the mailbox ten times a day looking for that big check from a major client.
If you could pay all your suppliers within five days of invoice, would they give you prompt-pay or volume discounts in return? Could you negotiate better prices for materials? We talk to many owners who have the option of 2/10 Net 30, but simply don’t have the cash flow to take advantage of it. They’re trapped waiting for your clients to pay, and it’s costing them. With BusinessManager, you never have to miss a discount.
Peace of Mind
Many business owners have told us that they sleep better at night knowing they have the cash on hand to run their business. BusinessManager means less worrying about whether you’ll get paid in time to make the next payroll or buy materials to fill upcoming orders.
Stronger vendor relationships create opportunities for your business. Consistently paying your vendors early will make you a preferred client. This was evidenced time and again after the 2008 recession. Vendors dropped their inventory levels to manage overhead. When competing orders came in and they had to decide which one to fill first, they consistently chose those clients who paid them in a prompt, predictable fashion.
Being able to offer flexible payment terms to your customers can significantly boost your bottom line. But too many business owners are held back from doing so by tight cash flow. By using BusinessManager to convert your accounts receivable to cash, you can help your best clients manage their terms, which in turn helps with their own cash flow. Do you have clients who would buy more of your product or service if you could offer more flexibility?
These elements have made BusinessManager a preferred cash flow management vehicle for small businesses for nearly three decades. Learn how your business can start benefiting from better cash flow today.Learn More