We’ve all heard the expression “cash is king”.  It is especially true for businesses.  Most startup companies prepare expected, worst-case and best-case financial projections for one year, three year and five year periods.  These financial projections include profit and loss statements, balance sheets and statements of cash flow.  Of course, at the end of the day, the profit and loss statement will give you the best indication of what your margins will look like and how profitable your business will be.  It’s where you’ll look to know where you need to cut costs and where you need to ramp up sales.  Most business owners, however, would agree that the statement of cash flow is the most important to keep track of, especially early on.  Your statement of cash flow is what you will watch to know if, when and how often you will need to look for a business loan, or some other form of business funding.  We strongly recommend, even once your business is established and you become profitable, to keep a close on your cash flow statement.  It’s easy to get out of the habit, but staying on top of it can mean the difference between having enough time to adequately prepare for a business loan application or scrambling to come up with a quick fix that may not be the best thing for your business.  Most businesses that fail do so not because the business plan is not viable but because of unexpected cash flow problems that were not addressed appropriately.

If you do find yourself dealing with a cash flow problem, give Sure Payment Solutions a call.  They have a number of different funding programs and unsecured business loans that can be made available quickly, sometimes in under a week.  A quick conversation with an account representative may be enough to tell us if we can help you and how much you may qualify for.