EBF Supports Special Loans Client

In January, 2018, EBF was introduced to a client from the Special Loans Department at a chartered bank.  While the operating company was breaking even, the owner had taken cash out of the business to invest in other opportunities, in violation of its loan covenants.  As a result, the bank was uncomfortable continuing to finance the operating company.  They turned to EBF to see if […]
By |May 21st, 2019|Uncategorized|0 Comments

The Holidays Bring Sales and Cash Flow Problems for SMB’s

The weeks between Thanksgiving and New Years are critical for many small and medium sized businesses, with sales during this period representing 20% – 30% of total annual revenue according to a survey by WePay https://www.prnewswire.com/news-releases/wepay-survey-reveals-substantial-end-of-year-payments-challenges-for-small-businesses-300555829.html.  And it’s not just retailers that see a spike in sales.  Related services, such as trucking, marketing, packaging, logistics, shipping, temporary staffing, and warehousing also see significant spikes in […]
By |October 4th, 2018|Uncategorized|0 Comments

Small Business Tips To Get Paid on Time

Making a big sale is exciting, especially for a new business. But getting paid late, spending time and money chasing overdue accounts, or worse yet, not getting paid at all, can destroy a business. If you sell B2B, chances are your customers are going to demand payment terms. So before you start selling, it is essential to establish clearly defined credit policies that follow […]
By |July 25th, 2018|Uncategorized|0 Comments

Cash Saving Tips For New Businesses

Understanding & Preserving Your Cash Flow Starting a business is not for the faint of heart. To survive and flourish requires a great idea, dedication, hard work, strategic planning, and a little luck. But even a great business can fail simply because it runs out of money before it is able to get off the ground or because it grows too fast and is not able […]
By |May 28th, 2018|Uncategorized|0 Comments
  • Preserve Cash

7 Ways To Hold Onto Your Cash

Balancing DSO & DPO In our September (2017) Blog, entitled 7 Ways to Get Paid Faster, I outlined seven things small and medium-sized businesses could do to speed up invoice payments from their customers. But getting paid faster is only half of the cash flow balancing act. In addition to getting paid faster, you also need to hold on to your cash for as long […]
By |November 28th, 2017|Uncategorized|0 Comments