What’s *Really* Holding Your Business Back

It’s difficult for small business owners to hold onto cash when they need to operate as lean, mean small business machines.  Not to mention, the following factors have a huge impact:

Late Payments

64% of small business owners are affected by late payments. Late payment is tough in normal times, but especially when times are tough.

Bank Loans

It’s not easy to get a bank loan during a recession. That’s because banks typically want equity as collateral, usually in the form of cash.

Cash Flow

It’s a struggle to find the cash to fund new projects when you didn’t get paid for the last project you worked on.

How Working Capital Can Work for You

Don’t Let a Lack of Cash Hold You Back

“The thing holding many small service-based businesses back from growing is cash. If they had more cash, they could take on more work and grow faster. But, getting a bank loan when they’re growing is very difficult because they don’t have cash, yet the bank wants to see cash reserves. It’s a horrible catch 22.”
Greg Powell Head of Product Marketing Fundbox