Do you do business with large companies or government organizations? Are you forced into playing by THEIR terms just to compete for business? Does your business suffer from cash flow issues while you are waiting for payments from these customers for weeks or months?
If so, you are not alone! Many small businesses face the same conundrum when selling a product or service to ‘big business’ and governments. While the big order is great for sales, it can put even bigger pressure on a small business owner’s day-to-day cash flow needs.
Small and medium size businesses often face short-term cash flow problems when selling to public companies and government. While waiting on that big check due in 60 to 90 days, business owners need cash to meet payroll every two weeks, pay for raw materials or inventory in advance, or start a new project. Cash is king for business operations, and delaying payments or projects until a customer pays can be detrimental to sales and employee moral.
Rather than waiting for the proverbial “check in the mail”, one solution is to look to Payplant, which will advance cash to you, based on your Invoices with these large organizations or government agencies. This immediate funding for Invoices can help your business operate more smoothly and predictably. Use Payplant as needed with no hidden fees or lockup contracts.