Startup business financing
You have probably heard the statistics. 7 out of 10 new businesses will be out of business within 3 years! There are many reasons for new businesses to close their doors. Sometimes an ideal job offer comes to the owner, or they get sick of the business and close their doors. Are these failures? Statistically, yes. Practically ... it depends.
What is well known is that of the businesses that fail, many, if not most, close their doors because of lack of cash! Cash is King! Always has been, always will be.
Your biggest customer is managing their cash so they don't really care that your 60 day old invoice is causing you cash flow problems.
At IGWT Leasing Services, we can show you how to put cash back into your company's bank account. You can raise cash by:
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Setting up a lease buyback of your existing equipment
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Conserve cash by leasing new equipment purchases (see Why Lease)
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Using Accounts Receivable Factoring to get paid quickly
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Set up a business line of credit
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Banks seem to lend money only when you don't need it. You could be out of business by the time you get through filling out the government's forms.
Call us at IGWT now to discuss your options.
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