As a well-known factoring company in the Atlanta area, businesses know us as the people they can turn to for solutions to their cash flow problems. Our experience has taught us that few things are so important to the life of a small business as their cash flow. Unfortunately, maintaining and protecting a reliable flow of cash is one thing that many new entrepreneurs are woefully unprepared to do.
In a previous blog, we discussed some of the most common causes of cash flow problems for small to medium-sized businesses, and in this post, we’d like to identify some of the warning signs that you ARE one of those businesses.
1. You’re Avoiding Your Taxes
There are few things that take a struggling business by surprise like the annual tax bill. If you’re scared of filing, or have avoided filing in the past because you simply didn’t have the money to pay Uncle Sam his due, you’ve got cash flow problems.
2. Payroll Checks Are Late
After paying the government, it’s time to pay your employees. Sure, loyal workers might look the other way on a late paycheck or two. But if you’re consistently having trouble getting payroll out on time, you’re sorely in need of a cash flow solution like factoring or accounts receivable financing.
3. You Owe Your Vendors Money
Let’s say you managed to scrape up enough money to satisfy Uncle Sam and to pay your employees for their last two weeks of work, but you’re still dodging phone calls from your vendors. It’s been awhile since you’ve paid for your weekly deliveries or business internet provider, you’ve got cash flow problems.
If you identify with one or more of these warning signs, don’t panic. While your business is in trouble, all is not yet lost. What you need is a cash flow solution from a trusted business financing company, and The Commercial Finance Group is here to help.
