When the banks say no, RISE Capital may be able to say yes.
As a business owner, you wear many hats. Chief Financial Officer, Director of Business Development, President, Customer Service Representative – the list goes on. Your time as an entrepreneur will often require you to take on plenty of roles, but you do not have to do it alone. Finding the right financial partner can alleviate pressure so you can:
- Sleep at night;
- Focus where it matters most;
- Make the most of your resources; and
- Look forward to your next growth stage.
Searching for alternative financing solutions can be arduous; do I need 3-month bridge financing, what can I leverage to help with cashflow, should I purchase or lease the equipment I need, who can I talk to about advisory services? Start by understanding what financing options are available. Then recognize the different firms that provide capital advisory – like RISE.
Our team has provided some points to get you thinking about opportunities to improve cashflow.
- Do I have an existing bank line that is not servicing my needs?
- Do I have unencumbered receivables that are not being leveraged?
- Am I putting resources into repairing old equipment rather than replace?
- Do I have equity in my equipment that I could tap into?
- How long do my customers take to pay me?
- How long does it take me to send an invoice once the work is complete?
- Are there vendors I can renegotiate terms with?
- Is there technology that can better support my back office?
- Do I have cash flow projections to better understand when cash will be tight?
Financial Partner – What do I need?
- I want to work with someone who understands the ins and outs of running a business.
- I want a long-term relationship with my financial partner – one that will advise me as my business grows.
- I want to maintain equity in my business.
- I want to work with a team that understands the nuances of the Alberta market.
Maybe you can RISE to the challenge with a partner like us. Click here to book a consultation, or give us a call at 403-608-1002.
