August 2020, Newsletter
A Bridge to Where?
When you are looking for a partner to help your customer or prospect get the financing they need, what are you looking for in that partner? If the company is not "bankable," often, that company's trusted advisors help look for a "bridge" lender. Before making that referral, make sure you know where that bridge leads.
For the past 26 years, Prairie has been in the business of graduating or providing a bridge to bank financing or self funding. We provide factoring and purchase order financing to growing and recovering businesses.
By providing working capital facilities from $20K to $2MM, lending decisions often on the same day an application is received, contracts with no minimum fee requirements or termination penalties, Prairie can get your prospects on a bridge back to you.
“Sometimes understanding how well you’re doing running your business can get lost in the noise. When things get busy or tough, it can be easy to ignore your books. But every business owner should put that at the top of the list. Think of it as the scoreboard. Without it, how can you measure the results? Without it, how can you be sure you aren’t being defrauded? Use the great months to know what needs to be repeated and use the down months to learn what needs to be fixed.”
- Dylan Morgan, Prairie Business Credit, Executive Vice President
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
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
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