Financing Options For Your Business Michigan

Before you shop for a lender, you should know what is available in the way of corporate business financing. Read on for more information.

Local Companies

OZ Management Services, Inc.
616.682.0369
8303 Baileau Oaks, NE
Ada, MI
A & M Sales Management Consulting
517-672-6371
4101 Merriman Loop - Suite 100
Howell, MI
Complete Compassionate Care
517-336-5889
2035 Asher Ct.
East Lansing, MI
Suitor Consulting Services
(989) 906-7777
11103 Thornberry Dr.
Freeland, MI
Virtual Support System
248 991 4034
35317 Drakeshire Lane
Farmington Hills, MI
High-impact Coaching & Consulting, Inc.
616-949-5013
2505 E. Paris Road SE, Suite 195
Grand Rapids, MI
Dillard Partners, LLC
(88) TRY DP-LLC
1090 Farnham Ave.
Lincoln Park, MI
PolyArk Management Consulting
248.694.4414
330 E. Maple Rd, STE # 141
Birmingham, MI
Tkc Systems
(734) 971-0652
3840 Packard St
Ann Arbor, MI
Executive Group
(248) 262-0008
21415 Civic Center Dr
Southfield, MI

One of the challenges of getting started in any type of business structure be it corporation, partnership, or sole proprietorship is getting financing to start or to maintain daily operations. Typically you will have determined what you need for starting up and maintaining operations in your business plan and will go seek a loan from commercial lenders. And the lenders are all different too. They all have different requirements and some have perks to offer for your business. But before you shop for a lender you should know what is available in the way of corporate business financing.

When shopping around for commercial loans and trying to figure out this corporate financing game, the topic of cash flow will no doubt be referred to. Cash flow is the one aspect of a business that can make it work and lack of it can destroy it. If you have any experience with business at all, you know that there will be a delay from the time a business first starts to when the invoices start getting paid. Yet during this time, the corporation still has bills and salaries to pay. Expenses also include paying suppliers just so that they can fill their own purchase orders. Try explaining cash flow to your employees when they have not been paid—not a good scenario. Or, try explaining to your supplier why you have not paid its invoices. This is why you need corporate financing.

One corporate financing option you might be offered has to do with loaning you money based upon the number of outstanding purchase orders you have. They way it works is the suppliers you use to fill your purchase orders are paid directly by the lender. This type of commercial lending program gives you cash flow because your suppliers are taken care of and you can use money for other things. Plus, you can take advantage of any supplier early payment discounts.

Another popular form of corporate financing is known as receivables factoring. How this works is a receivables factoring company will loan your corporation money based upon the value of receivables still open. Your invoices are an asset and are basically collateral for the loan. Factoring is great if a corporation does not want to incur further debt but needs a portion of the money it is owed in order to conduct day-to-day business operations. The factoring company will verify the invoices you want to factor and then loan you a significant portion of the money and hold back a small percentage. The end customer you have invoiced will actually pay the factoring company (even though the check is still made out to your company). When the invoice is paid, the amount held back is returned to your company and the factoring company takes its fees from it.

And of course there are commercial loans for your corporation that is based upon your fixed assets. These loans are secured by equipment or commercial real estate your corporation holds so you will probably get longer payment terms and lower interest.

And commercial lenders may have other programs to help you keep your cash flow at a state that is good for the health of your business without incurring a lot of burdensome debt. Shop around and get all the details before making your decision and prepare a good business plan.


Copyright (c) 2007 Thomas Husnik

About the Author:

My name is Tom Husnik. I live in Minnesota. My web site is at http://www.husnikfinancialonline.com/






Article Source:

thePhantomWriters Article Submission Service

Featured Local Company

OZ Management Services, Inc.

Business & Marketing Consulting New Product & Market Develop

616.682.0369
8303 Baileau Oaks, NE
Ada, MI
www.bjtmgt.com

Unlike most of today’s business advisors, we have managed companies and understand the real day-to-day problems of operating a business. We understand the pressures to grow and diversify, reduce costs and improve cash flow. We know the frustration of those endless projects that attack the wrong problems and yield no positive results.

Throughout our corporate careers, we have contributed to the growth and profitability of national and international industry leaders with diverse business models including manufacturing, traditional retail, e-commerce, direct marketing, service and non-profit organizations. The principals of BJT have managed in a variety of ownership structures: public, private and employee-owned.

We are fully competent in a broad range of commerce forms including consumer marketing, business-to-business marketing and marketing to organizations. In addition, we have extensive experience in all of the major advertising forms including Internet, catalog, direct mail, newspaper supplements, mass media and broadcast media.

The BJT difference is that we have faced the kinds of business problems that you face and have developed programs and solutions that work. We stand behind our results and are willing to work on a mutually agreed success-sharing basis. We believe that your success comes first.


We provide a broad array of business services that will lead to enhanced growth and stability for your business. Our focus is primarily in nine areas: (Click on the titles)

Strategic planning

Marketing, merchandising strategies

Customer acquisition and management strategies

New business development

Product introductions

Cost management programs

Financial & working capital management

Management services

Crisis management


In each of these areas, we will work with you to analyze your current business environment, the issues you face, determine the actions necessary, implement the plans and measure the results. At BJT, we will take an active, “hands-on” role in every stage of the project. Unlike most management services groups, we believe that delivering the plan is only the first step of our commitment to you.


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