Bridgewater Bank’s Post

Risk vs. Reward: Are These Business Financing Sources Worth The Risk? By Ty Kiisel. SCORE Mentors CLICK TO LEARN MORE https://bit.ly/48NFN8Q #smallbusinessstrong

Hopefully helpful advice for SMEs looking to invest, grow, and/or acquire. We certainly have appetite to support and this advice helps ensure any debt process runs quickly and smoothly. Please do get in touch if you'd like to discuss

Effectively managing cash flow is crucial, whether it’s a manufacturer experiencing a surge in demand as the holiday season approaches or a garden nursery facing diminished volumes during the winter months. This article will explore how businesses can overcome seasonal cash flow challenges and maintain financial stability throughout the year with reliable financing options from leading non-bank specialty lenders. Read the full blog: https://bit.ly/3VBvmiq #SmallBusiness #FinancialStability #FinancingSolutions #IndustryBlog

Many businesspeople think High Street banks are their only option for commercial finance and find they are turned down straight away. However, 1st Business Finance has access to many different lenders and can find the right deal for you. Devon Business chatted with Nick Verstage, the seasoned leader of the Cullompton-based company who is confident that if you need business funds to move forward, he can get them for you – provided your deal makes business sense! Read more here 👉🏼 https://lnkd.in/ey7fhna8 #CommercialFinance #FinanceBroker #BusinessFinance

Imagine coming into an interview 👔completely unprepared and under-qualified thinking you are overqualified This is something I am seeing more of. But this isn’t a post about Gen Z or Gen Alpha, it’s a post about business owners. Many business owners have sought financing (lending) and come to a lender interview not knowing that they are underqualified. Due the repercussions of the equity boom that was 2021 - there are still lingering expectations that money should be handed to you as a business (at no cost and in high amounts). I write this post to educate business owners that they can understand and be aware that lending is only given based upon what you look like on paper (historical financials 🧮) and not what projections you have 📈 So what will you need to look prepared to find lending solutions … the answer is it depends on the type of financing, but the basics are: ⚫️ Complete you last years taxes for the business if you haven’t ⚫️ A basic profit and loss statement ⚫️ Historical Bank Statements ⚫️ Schedule of Outstanding Loans ⚫️ Balance Sheet (not always necessary) but my team at Initiator.co can often find more advantageous opportunities for lending products from the balance sheet Business owners Initiator.co is a free solution to help you be PREPARED to find whatever lending solution best fits your company. #Landons_Thoughts #Prepared #BusinessOwner #Lending I genuinely hope more business owners prioritize how they manage their cash flow to either take advantage of the growth opportunities Or navigate the difficult times as a business owner.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐭𝐮𝐫𝐧 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐯𝐢𝐬𝐢𝐨𝐧 𝐢𝐧𝐭𝐨 𝐚 𝐫𝐞𝐚𝐥𝐢𝐭𝐲? 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 5 𝐤𝐞𝐲 𝐬𝐞𝐜𝐫𝐞𝐭𝐬 𝐭𝐨 𝐚 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐚 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐥𝐞𝐧𝐝𝐞𝐫 𝐚𝐧𝐝 𝐠𝐞𝐭 𝐭𝐡𝐞 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐭𝐮𝐫𝐧 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦𝐬 𝐢𝐧𝐭𝐨 𝐝𝐨𝐥𝐥𝐚𝐫𝐬! Secret #1: Have a Solid Business Plan It is important to lenders that you have a well-defined plan for the usage of the loan proceeds. A thoroughly thought-out and documented business plan can support your credibility and show your dedication to your venture. Secret #2: Show a Strong Cash Flow This entails being able to articulate your future financial management strategy and possessing a firm grasp of your company's cash flow. Having a healthy cash flow can be crucial to getting a loan. Secret #3: Keep Your Financial Records Up-to-Date You may demonstrate your financial stability and promptly react to any requests or queries from your lender by keeping precise and thorough records of your income, expenses, and financial performance. Secret #4: Be Proactive and Communicative Any successful relationship, including the one you have with your lender, depends on effective communication. Take the initiative to notify your lender of any changes or difficulties in your company. This can foster trust and help avoid misunderstandings. Secret #5: Be Flexible and Open to Negotiation Maintaining a positive working relationship with your lender requires you to be adaptable and willing to compromise. To discover a solution that benefits both sides, be open to exploring various loan terms, payback plans, and interest rates. Recall that bargaining is a two-way street, and you can gain your lender's confidence and credibility by being prepared to make concessions. Build a strong relationship with your lender and get the funding you need now! #businesstips #success #lending #finance

These are fantastic secrets that any entrepreneur or business owner should keep in mind when seeking funding. Follow Asset Based Finance and Leasing Ltd for more valuable insights for your business!

Getting ready for growth doesn’t have to feel overwhelming. This article from First Citizens Bank breaks down actionable strategies into quarterly steps, making it easier to stay focused and achieve your goals all year long. From improving cash flow to refining operations, it’s a great guide to set your business up for success. #BusinessPlanning #QuarterlyGoals #FirstCitizensBank

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐭𝐮𝐫𝐧 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐯𝐢𝐬𝐢𝐨𝐧 𝐢𝐧𝐭𝐨 𝐚 𝐫𝐞𝐚𝐥𝐢𝐭𝐲? 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 5 𝐤𝐞𝐲 𝐬𝐞𝐜𝐫𝐞𝐭𝐬 𝐭𝐨 𝐚 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐚 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐥𝐞𝐧𝐝𝐞𝐫 𝐚𝐧𝐝 𝐠𝐞𝐭 𝐭𝐡𝐞 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐭𝐮𝐫𝐧 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦𝐬 𝐢𝐧𝐭𝐨 𝐝𝐨𝐥𝐥𝐚𝐫𝐬! Secret #1: Have a Solid Business Plan It is important to lenders that you have a well-defined plan for the usage of the loan proceeds. A thoroughly thought-out and documented business plan can support your credibility and show your dedication to your venture. Secret #2: Show a Strong Cash Flow This entails being able to articulate your future financial management strategy and possessing a firm grasp of your company's cash flow. Having a healthy cash flow can be crucial to getting a loan. Secret #3: Keep Your Financial Records Up-to-Date You may demonstrate your financial stability and promptly react to any requests or queries from your lender by keeping precise and thorough records of your income, expenses, and financial performance. Secret #4: Be Proactive and Communicative Any successful relationship, including the one you have with your lender, depends on effective communication. Take the initiative to notify your lender of any changes or difficulties in your company. This can foster trust and help avoid misunderstandings. Secret #5: Be Flexible and Open to Negotiation Maintaining a positive working relationship with your lender requires you to be adaptable and willing to compromise. To discover a solution that benefits both sides, be open to exploring various loan terms, payback plans, and interest rates. Recall that bargaining is a two-way street, and you can gain your lender's confidence and credibility by being prepared to make concessions. Build a strong relationship with your lender and get the funding you need now! #BusinessFunding #CommercialFinance #BusinessGrowth #LendingTips

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