ForumsFinancing Tips

I want to thank those of you who have replied, I will be sending you an email shortly. Once again Thank You!

No, actually I have not. I kind of gave up. The business is still full steam ahead, with many new contracts pending.

If your business is 'good and profitable', where is the cash you say you need to operate and grow your business? You might want to consider contacting the local no cost Small Business Development Center for advice (www.sba.gov - then click on local resources - then click on SBDC and find your local center).

If you have sales and profits, are your receivables too high? If yes, collect them now and implement a plan to keep them low and get collections quickly. Is your inventory too high? If yes, sell it down and convert it to cash.

Lastly, are you sure you are profitable? Maybe a second look at your P&L for the past month, quarter and year will indicate where you can squeeze our cash to last during this credit crunch. And once you have cleaned up your operations to be more efficient in creating cash flow you might find the SBA lender more willing to provide some new financing.

Good luck. Ben