Quick Ways to Help Improve Business Cash Flow
Here are two ways to help quickly improve cash flow.
Is your business feeling the pains of seasonality or a dip in sales? Low cash flow can be a big problem for any kind of business. But here are two ways to help quickly improve cash flow.
The first option is to get tough on accounts receivable that are past due. Send out new invoices and communicate regularly about unpaid bills. Even a small success rate means much-needed money coming in.
Another tactic is to renegotiate with vendors. There's always a chance to claw resources back in negotiations. So if a vendor contract is expiring soon, see what deal can be struck.
Another way to improve cash flow is securing a working capital loan. Talk to Vectra Bank today about your options.