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eRevWorksSM: Types of Businesses9 out of 10 business owners surveyed said that the biggest headache they face is managing their cash flow.Business owners are faced with the never ending problem of having most of their profits tied up in their Accounts Receivable while needing to stay current on their business expenses. Customers expect, and competition, demands that the business owner extend 30-60-90 day terms to their customers. However, taxes, payroll, growth opportunities, supplies, etc. never wait for the exact time the customers decide to pay, and the business owners’ money arrives. This results in a painful cash flow gap for the frustrated business owner. When a business outgrows their borrowing base, what do you do? Turn them away? Not anymore. ![]() Figure 1: Line of Credit with TBF Line Business owners need a bank to provide a program for converting the biggest asset they have — their Accounts Receivable — into cash. The ability to turn their Accounts Receivable into immediate cash for supplies, taxes, payroll, advertising, inventory, staffing, and expansion is crucial to many business owners and you can capitalize on this very lucrative venture. ![]() I'd love to attract new business owners to our bank/financial institution by offering a working capital financing program, but I don't know which businesses would be suitable.The eRevWorks team
of professionals have expertise in and will
process
the following types of businesses: » Advertising Agency The ability of the eRevenue® system to creatively structure funding programs to fit the individual client allows for a broader spectrum of companies that can benefit from a cash flow maximization program. |
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