Tag Archives: Small business

Money For Your Business, When The Bank Says, “No!”

29 Mar

money

Traditional bank loans can be sluggish and an increasing number of deserving small and medium sized businesses get turned down.  Businesses need funding for renovations, expansion, additional inventory, upgrading equipment, launching a new advertising campaign, or any one of many other reasons.  What can a business owner do when the bank won’t budge?

Merchant funding provides a great alternative to banks for all of these necessities.  Approval is not dependent on your credit score.  Unlike banks, no formal business plan is required, and neither is collateral.

If you can answer “yes” to the following questions, you are eligible to receive between $10,000 and $1,000,000 in less than 1 week!

  • Do you have bank statements for the last 4 months?
  • Have you been in business for at least 1 year?
  • Do you have at least $10,000 per month in gross sales?

In just minutes, you could be on your way to a renovated facility, state-of-the-art technology, and sophisticated marketing campaigns that make your business stand out and keep customers coming through your door.

Get cash in your bank account in as little as 48 hours!

For more information on this and other ways to improve your business cash flow, contact me, David Wiener, at 888-780-1333.

To find out how much money your business could qualify for, click here.

Top 10 Tips To Improve Collections (Part 5)

13 May

It’s a problem faced by virtually every business and medical practice – how to deal with customers / patients who pay their bill late, or not at all.  While customers and patients expect prompt and professional service, they don’t always meet the same standard when it comes to paying their bill.

Accounts not paid promptly can severely impact the cash flow of a business or practice.  A clearly defined and carefully communicated, yet diplomatic payment policy, may help avoid difficult collections situations.

Tip #5

USE YOUR AGING SHEET, NOT YOUR FEELINGS

Many businesses/practices (or some well-meaning people on their staff) have let an account age beyond the point of ever being collected because he or she “felt” the customer would pay eventually, and did not want to offend or alienate the customer/patient.  While there are certainly isolated cases of unusual situations, the truth is that if your business/practice is not being paid, someone else probably is.  So stick with your systematic plan of following-up on slow pay and delinquent accounts.  If it is done systematically and early in the process, it will soon be apparent who intends to really pay and who doesn’t.  Appropriate action can and should be taken once you know where your business/practice stands.

Contact me if you would like information on ways to get this accomplished in your own situation.  The consultation is free.

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