Could you increase profits by operating from an enhanced cash position? We would like to introduce you to a program that puts you on all-cash basis by providing working capital for your receivables from a local financial institution! The program, called BusinessManager®, provides companies with immediate cash for their outstanding accounts receivables. More than 30,000 businesses have discovered that this program is the key to running and growing their businesses more effectively.
Unlike a traditional line of credit secured by receivables, BusinessManager® converts your accounts receivable into liquid cash by bridging the gap between your payable due now and the receivables that are not due from your customers for another 30 days.
5 Benefits of the BusinessManager® program:
1. Improve Cash Flow – With predictable cash flow, you can make payroll, remit payables on time, increase inventory, and pursue new business opportunities.
2. Grow Sales – Pursue larger contracts and/or new customers that you otherwise could not accommodate due to limited working capital.
3. Save time and money – Take advantage of prompt payment discounts from suppliers and get back to doing business.
4. Offer financing to your customers – Sharpen your competitive edge by offering flexible payments terms.
5. Increase your Bottom Line – Enhance profitability by increasing sales and reducing costs! Having cash on-hand can make all the difference.
Here are a few more reasons you should look into BusinessManager®:
- Realize growth opportunities
- Extend credit terms
- Take advantage of supplier discounts
- Reduce debt
- Operate with confidence
Contact one of our business banking experts to see if BusinessManager® is right for you!