Cash Flow Tips

A healthy cash flow is essential for growing your company and keeping your business operating smoothly. Following these tips will help you manage your cash flow effectively:

Monitor Accounts Receivable – Always keep a watchful eye on which customers owe you money. A weekly review of your account receivables will ensure that no overdue bills escape your notice. Don’t let your business be burdened by a slow-paying customer.

Don’t Pay Until You Need To – A good strategy to manage your outward cash flow is to delay paying your vendors until you need to. If they are not offering you a discount for paying early then wait until your bills are due. Having a few more days with extra cash on hand can make all the difference when money is tight.

Prepare For The Unexpected – The first rule of war is that nothing goes according to plan. The prototypical hockey stick chart of skyrocketing revenue rarely ever happens. Be sure to have enough cash stored away for when your business hits an unexpected speed bump.

Find Alternative Sources – When banks aren’t lending, small business owners are increasingly turning to alternative options to keep their businesses viable. Global Leasing & Finance Group offers cash flow solutions to manufacturers, dealers, equipment repairers and owner operators.  We provide account receivable funding, purchase order financing, equipment repair loans and specialty financing for seasonal or non-traditional needs. We help your business finance your business!

How Equipment Repair Loans Can Benefit Dealers!

As a truck, trailer or heavy equipment dealer you may be asked quite often by your net 30 customers for longer payment terms.  You may have offered this in the past but now with the tightening of credit, this may not be an attractive option for you.  In order to optimize your shop time and not turn away business from valuable customers, Global Leasing & Finance Group has an alternative financing option available.

We offer loans to cover your customer’s repair invoice.  You receive funding the same or next day after the repair has been completed and your customer can spread his payments for his repair over the next 6 to 12 months.  This allows owner operators or small fleets the ability to cash flow their major repair bill and to get back to work as soon as possible.  This provides the dealer with incremental revenue, the customer with a workable cash flow solution and a positive, on-going relationship between dealer and customer.

So if you are a truck, trailer or heavy equipment dealer, then consider educating your customers that require longer payment terms to the benefits of using Global Leasing & Finance Group’s Equipment Repair Loan financing solution.

Click here to visit our Equipment Repair Loan site.