If you are reading this article, you already understand the apparent contradiction in the headline (why would a growing business need cash flow relief?); is not a contradiction at all.
The reality is that every business faces cash flow hurdles as it scales from one operating level to the next.
Whatever the cause of this cash flow crunch, it typically hits faster and harder than expected and is brought on by a combination of factors that fall into the category of “nice problems to have”, such as:
Recruiting, training and paying new staff in advance of them becoming dollar-productive
Funding increased production, inventory and delivery costs to meet growing demand, in advance of being paid
Building a new e-commerce enabled website or mobile app to make your product or service more readily available
Moving and fitting out new/ larger office, warehouse or retail space
Of course, “nice” as these problems might be, they still require funding.
And for growing businesses they often hit at the most inconvenient time… just when the business overdraft has been maxed-out to fund a previous growth need.
BizPay provides a quick, easy and very affordable funding solution for growing businesses.
Using the increasingly popular “buy now, pay later” mechanism, BizPay enables businesses to:
Upload any invoice ($2,000 - $200,000) to their website
Spread payment of that invoice over 4 instalments (nothing due in the first 30 days)
Best of all, with BizPay
The online application process is quick and simple (no personal financials required)
Your supplier gets paid in full within 24 hours of approval
Both sides of the transaction benefit from improved cash flow and increased growth opportunities.
So, relax! Stop fretting about how you are going to fund your continued growth out of your overstretched cash reserves. And BizPay it!
To get started, sign up on www.bizpay.com