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In a capital-intensive industry like manufacturing, planning is everything.

 
As a small business owner, you understand just how important it is to stay on top of cash flow and what a challenge that task can be. Without sufficient cash flow, it will be difficult to meet payroll, operate smoothly and meet your financial obligations.

When the Paycheck Protection Program (PPP) was announced, small business owners scrambled to research it and find out if the funds could help them navigate the impacts of the COVID-19 pandemic.

If you are just starting a company, you have probably heard the many facts and figures on how many small businesses fail within the first few years. Of course, this does not mean you and your team will not be successful.

As businesses grow, they often find themselves in need of additional working capital. From unforeseen expenses and slow-paying customers to a sudden influx of business, there are multiple reasons why cash crunches can happen.

Surviving the risks and challenges of starting a new business and successfully weathering the first few years is definitely something to celebrate. As a growth-minded entrepreneur, of course your attention then quickly turns to expanding.

As thrilling as it is to start a business, it can also be very stressful wondering if you have estimated your startup costs accurately. This uncharted terrain can be even more overwhelming for first-time entrepreneurs.

Your business is stable and growing at a sustainable pace. Then, a sudden opportunity comes your way that could take your business to the next level. For example, a new customer approaches you with a large order or multiple orders.
Your first reaction is to jump at the opportunity.

Neighboring Texas cities Midland and Odessa are no strangers to oil and gas booms. Drilling booms have come and gone in this area for nearly a century.

Two of the biggest challenges small businesses face, slow-paying customers and securing financing. As your business grows, so does your business’ accounts receivable and so does the amount of capital needed to carry you through until you receive payment.