Prairie Business Credit April Newsletter

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: [email protected]

Prairie Business Credit
250 E. Wisconsin Ave.
Suite 1800
Milwaukee, WI 53202
Phone: 414-220-9775
Fax: 414-220-9447
Email: [email protected]