Imagine not being able to collect your clients’ payments on time and a new customer is persistently calling to avail of your services for a new project. Your business day couldn’t be more stressful with you trying to mend this cash flow gap you’re experiencing. The chances of you successfully collecting your accounts receivables are probably just as slim as you getting the amount of money you need to commission a new project in three to five business days.
As much as entrepreneurs would try to avoid taking a loan for these cash flow gaps, the reality is that there comes a time that small to medium enterprises (SMEs), will have to decide on getting business financing.