Zachary Ellis talks about the coronavirus which has had a detrimental impact on all businesses worldwide, but the blow is felt just a little harder with small and mid-size businesses. While most of us are all working from home as shelter-in-place orders have been put in place, we often find an unusual time to reflect on our business, our employees, and our future. This is a scary time for most as we face a virus that can capture millions of Americans, with no true cure to date. Increasing cash flow is the first thing on a company’s agenda, as most aren’t working if business is not considered “essential”
The interview with Zach Ellis takes an intuitive approach to provide solutions and answers to the questions you need answered most. Factoring is an immediate way to increase cash flow, improve company morale, and keep a steady stream of income coming each month. Essentially factoring is buying your company’s invoice from said shipper, or contracted MSA work, and Commercial Credit pays you up front. Commercial Credit will follow up with the original debtor to secure payment, all the while your company remains financially positive and moving in a forward direction.
Refinancing debt is another viable option as businesses seek to lower their overall exposure, and maintain a lower cost of ownership. Whether a simple interest loan, or lease, Commercial Credit Group can provide options on servicing your existing debt, while partnering with an equipment professional that understands your business.
Ellis is based in Aledo, Tx just outside of Weatherford, and only a short drive to the Permian. This is his main customer base, along with customers in the Eagle Ford. No matter what shale play you find yourself in, or what state you’re in. Remember, we service the Oilfield, Transportation, and Construction Industries including all associate equipment.
Reach Zach Ellis at 682-386-7973 or 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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