Prairie Business Credit August Newsletter

Advantages of Factoring 

• Immediate Cash to Make New Sales
  
• Better Quality Sales
• Better Cash Flow Management
• No Loss of Equity or Control
• Better Supplier Discounts
• Improved Credit Rating
• Reduced Bad Debt
• Better Credit Terms from Vendors
• Cost Savings on Collections and Administration
• Improved Records and Invoicing

August's Feature

The Five Stages of Small Business Growth

"The article leaves me thinking about the wonderful complexity every small business displays. Being educated as an engineer, I do love my models, but to understand a business and its performance, since each business is faced with its own unique set of circumstances, you have to dig into each business individually to understand it. I think this gives great insight to why lending to businesses is so different than lending to consumers. I believe consumer behavior can be modeled fairly accurately, but a business is just too complex."

Dylan Morgan, Executive Vice President, Prairie Business Credit

What Others Are Saying About Us

"Prairie Business Credit quickly assessed an existing borrower's financing needs, and they refinanced us out of that difficult credit. They closed what they proposed, and we've added them to our bank's possible refinance lenders in the Chicagoland marketplace."

- Bank C&I Workout Leader

25 Years Has Taught Us...

After being in business for 25 years, financing over 500 companies, graduating 70% of them to be bankable clients, we have learned a few things along the way.

"The importance of humor for the entrepreneur.

I have always viewed entrepreneurs with a good sense of humor as also being humble and learners. They laugh to acknowledge the limits of their ability to predict their hoped for outcome of success. It impresses me that laughter is an acknowledgement that there exist many things beyond out control. And when those unpredictable situations encroach on our best laid plans they can be responded to with frustration or reluctant acceptance or the humility of self deprecating laughter. Laughter seems to me the most honest and healthiest of reactions. Its an open acknowledgment, regardless of the confidence with which we predicted our solo success, of our minimal understanding of the huge number of variables that must be commanded to achieve success as an entrepreneur. Laughing at our business struggles recognizes that only time and honest assessment and changed behavior will lead us to competent outcomes more than half the time. So I've found it's best to laugh and learn."

- Trevor Morgan, Founder & President, Prairie Business Credit