Where Businesses Get Cash

Description

One of the greatest sources of stress for small business owners is managing cash flow. 69% of business owners have been kept up at night by concerns about cash flow. More than half of U.S. businesses have lost $10,000 or more by foregoing a project or sales specifically due to issues created by insufficient cash flow.

You'll learn about critical sources of cash for businesses, along with the pros and cons of major sources. We'll explore the cash conversion cycle, which is how companies create cash from operations. Many businesses crimp their cash flow by letting their cash conversion cycle go too long.

Next, I'll talk about the three other major sources of cash:

• Loans

• Other types of debt

• Equity

You'll learn the pros and cons of each source to determine which ones might be best for your business.

Finally, we'll look more closely at business loans. I'll give you seven tips for better loan pricing. You'll learn the places to go to get business loans (hint: it's not always a bank). As a former banker, I'll reveal what lenders look for when deciding whether to make a loan to a business.

Finally, I'll provide some information about the United States Small Business Administration (SBA) loans. This is a crucial source of funding for many small U.S. companies. Even companies outside of the U.S. can benefit from the education materials provided by the SBA. You'll get links to many useful pages on the SBA site.

You'll get the following worksheets and resources:

• Overview of the four sources of cash with examples of each source

• 7 Tips for Better Loan Pricing

• Links to key SBA website information

• Overview of the SBA loan programs

TAKE THIS COURSE