  Golf Humor Lonnie: I'll never play golf with my banker again. Terry: Why not? Lonnie: Every time I yell "Fore," he yells "Closure." - Hal Linden, LOL Golf - A Duufer's Delight Of Jokes, Quotes & Anecdotes What Others Are Saying About Us "Prairie Business Credit provided the additional capital we needed to fund my growing portable restroom business by purchasing our Account Receivables. Prairie performed their due diligence, and over the 2 years that we worked with Prairie, I found the process to be simple and the cost was fair. The subordination between the bank and Prairie was straightforward. I recommend Prairie because they are fair, honest and easy to work with. You feel like you are working with a traditional bank." - Owner of Portable Restroom Business April's Feature Take On The Law Of Numbers With Grit And Fundamentals This is a great article that gets to the heart of what a small business must overcome to succeed. The part about capital reminds me of one of the first purchase order finance deals I put together. A newly minted entrepreneur (who had been running a division for a Fortune 500 company prior to this new adventure) was sitting at my desk with a $1MM purchase order in hand from a reputable retailer. He needed funds in less than 2 weeks or he would lose the sale. I asked him "Dave, how did we get here?" His answer was a common one for small business owners. He thought if he just got the purchase order, he could borrow the money from a bank. In some cases that is true, but for new or thinly capitalized businesses it is not. We ended up getting him the funding he needed and he was able to deliver on this purchase order, but it was a great lesson for both him and me about the capital challenges small businesses face. - Dylan Morgan, Vice President For questions and inquiries, please contact Trevor Morgan, Founder & CEO, Dylan Morgan, Vice President, or Nick Keseric, Business Development.
Prairie Business Credit 24W500 Maple Ave Suite 208 Naperville, IL 60540 Phone: 630-717-1155 Fax: 630-717-1188 Email: info@prairiebiz.com Prairie Business Credit 250 E. Wisconsin Ave. Suite 1800 Milwaukee, WI 53202 Phone: 414-220-9775 Fax: 414-220-9447 Email: info@prairiebiz.com
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
Topics
Purchase Order Financing and Factoring How Does Factoring Work? Calculating the Benefits of Factoring When Should You Consider Factoring? Factoring in Five Simple Steps 13 Week Cash Flow Forecast Businesses Need to Protect Their Cash Flow During the Pandemic The Cash Gap Our Second Client Defrauded Us - How it Changed the Way We Do Business Is Prairie Business Credit Expensive? How Much Do They Charge? Top Ten Reasons to Factor You Need Cash for Growth Who are Good Candidates for Factoring? Our Number One Goal is that Our Clients Leave Us A Bridge to Where? In the Age of the Internet, We Still Do Business Face to Face Credit Checks Cash Management Two Fundamental Principles When Giving Your Customers Payment Terms Team Up with a Factor To Earn Lifelong Business Customers Make No Little Plans Prairie Business Credit Promotes Morgan Prairie Business Credit Promotes Diversey Categories |
RSS Feed
