Saturday, 2 June 2012

Show Me the Money: How to Prepare a Loan Package

The current state of the economy has left companies of all types and sizes in need of cash to keep their doors open, to maintain and to grow. Unfortunately, securing a loan can be tough; and while there are other options, in all cases, you need to be prepared. If cash flow is tight, you are having difficulty making payroll and/or purchasing necessary materials or equipment to expand production and increase sales, there are three sources you may want to consider: a traditional bank loan, an asset based loan or factoring.

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