How does Small Business secure financing?

Getting  small businesses financing is an issue: According to a survey some by the NSBA, 27% stated they could not get the financing they required. The one-quarter of businesses that are impacted, the lack of funding was their biggest hindrance for increasing their business, particularly for businesses owned by minorities and women. In many cases, they cannot finance sales and they have to lay off employees.

With the issues getting finance for a small business, extending credit to customers can be very costly.  Not getting paid by customers becomes catastrophic.   As debt collection attorneys, we frequently see past due accounts for these businesses causing critical impact, sometimes to the point of determining the success or failure of the business.

Should your small business be overwhelmed with past due receivables, and having to pay dearly for financing to keep afloat, perhaps its time to become more aggressive in collecting what you are owed.   Marcadis Singer. PA is your go to for debt collection in Florida, especially for Small Business.

 

 

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