Zach Ellis, finance professional discusses Navigating the Outbreak.
In tough times we are often faced with business decisions that can alter our businesses, whether positive or negative. Rent, equipment, payroll, and other expenses are still expected on a monthly basis with the state of the economy completely disregarded. Money is an important topic, and you look to a professional for answers, there is nothing wrong with asking for help. Zach isn’t here to provide a means to an end, but a solution to a problem. Find solutions that are truly tailored to your business, someone that is invested in the health of your business. As an independent lender, Zach and his team long for relationships with our customers with an interactive, personal approach.
Ellis elaborates on Customer Criteria, Credit Profile, Loan Services, and an increasingly popular service, Factoring.
The question is raised whether people have invoices sitting in your office from vendors for 30, 60, and 90 days? Ellis says this is cash, sitting there. Ellis says it can be as easy as reviewing invoices, and setting up factoring.
Factoring is purchasing the invoice up front at a very minimal discounted rate, paying proceeds the next day so you can increase company cash flow, and return to business as usual.
In a previous interview, Ellis spoke about refinancing debt, which is also an additional option to increase cash flow, and lower total cost of ownership.
For more information call 682-386-7973 or email Zellis@commercialcreditgroup.com
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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