Could Improved Cash Flow Help Your Business?
Perhaps no business problem is so well known to small business owners as cash flow. Miel Financial offers an answer to the small business cash flow problem -- the Receivables Financing program.
The Receivables Financing program can help your business:
- Maintain reliable cash flow
- Pursue new business opportunities
- Improve payment habits to suppliers
- Take advantage of early pay discounts
- Purchase equipment
- Pay off existing debt
- Hire additional staff
- Begin saving for retirement
How Does Account Receivables Financing Work?
As your business sells prducts or services to customers, you submit one or more batches of invoices to the bank. The bank purchases the receivables on a discounted basis. A portion of the money you get for your receivables is put into an interest-earning savings account. The rest of the funds are placed in your business checking account, giving you the liquidity to run and grow your business more efficiently.