What is your cash flow management plan when your orders unexpectedly skyrocket?
In August 2008, the Institute for Supply Management – Chicago business barometer increased to 57.9 from 50.8 in July; economists had predicted that the index would only reach 50.0 in August. These figures highlight how orders had unexpectedly jumped.
What is your cash flow management plan? Will it allow you to take full advantage of unexpected orders? If the answer is “no” or if you have doubts, consider using invoice factoring as your business funding solution, one that will allow you to grow your business when opportunity comes knocking.
Here’s how invoice factoring can help your cash flow management when you receive unexpected orders and/or new clients.
You can use your funds from receivables factoring to:
- Purchase additional raw materials that you might need
- Pay staff overtime to fulfill the additional orders
- Offer new clients more attractive payment options
- Grow your business in any way that you choose
Ready to apply for receivables factoring, the business funding solution that helps you to grow your Midwest business?
Call MP Star Financial at 800-833-3765 Ext. 150, today! Or if you’re ready to apply for your business funding solution, apply online now. With invoice factoring as your cash flow strategy, you can free up cash flow – and, with MP Star Financial as your factoring company, there are no hidden fees. Contact us now.