Tuesday, May 20, 2008

Note to Self: Line Up Financing First!

According to Inc. Magazine, Sam Braunstein didn't wait until she lined up a million dollar deal with Walmart to line up her financing.

Braunstein was completely prepared before discussions proposing a national launch of her products with Walmart, including making financing arrangements. Her company, Wellgate Products, delivered and has achieved product placement at 8,500 stores for big retailers including Walmart, Target and Kmart.

If you're about to line up a big sale, check with your lender in advance to make sure they can support your requirements to increase accounts receivable and add extra inventory.

Consider financing solutions including vendor assurance agreements, purchase order finance and factoring if your existing lender can't accommodate your financing needs.

Need help finding the right lender who can support your big sale? Read "Matchmaking for Business Loans" and give me a call!

Tags : Inc. Magazine , working capital , cash flow , accounts receivable , Wellgate Products , Walmart

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