Cash flow planning and other financial reporting tasks are often the last things that entrepreneurs and small business owners want to tackle. They can be time-consuming and are usually not why you started your business. However, these reports are a vital tool when it comes to the financial health and success of your business. When they are done regularly and correctly, they can also help you understand what you make, what you owe and what financing you may need - hopefully relieving some of the stress of running a small or medium-sized business. 

When a business owner comes to Federal National Commercial Credit for working capital financing, we frequently ask them to provide us with their cash flow projections as well as accounts receivable and accounts payable agings. We are not trying to add one more unnecessary items to your to-do list. We are simply trying to understand your business and your financial position better to know how much financing your business needs and when as well as which financing option is the best solution for you and your business. 

I recently sent our cash flow template out to a new prospect, called her to make sure she received and understood it, and spent a few minutes with her walking through it. She was absolutely delighted. “This is wonderful,” she said. “I have been really stressing out over how to know how much money I was going to need and when. This is just what I need!”

This small business owner had immediately seen the cash flow planning template as a way to get the increasingly complex management of cash obligations and receipts in her growing business out of her brain and into a reliable tool. She recognized that it would not waste her time but would allow her to de-stress and truly understand the financial health of her business.

It can be essential to the financial health of your business to find a trusted and reliable financial partner.  One who is willing to take the time to understand your business, help you understand what financing you need when and ensuring you have the right financial checks and balances in place. Let Federal National Commercial credit be that partner, give us a call today at (800) 523-0881 or email info@federalnational.com