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What can be some alternative short-term finance sources for a company?

Updated: 9/27/2023

How can I fulfill quick cash needs for a company, except trade credit, bank overdraft or insecure loans?

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annhtomato

Lvl 2
4y ago

Best Answer

Overdraft Agreement: ... Accounts Receivable Financing: ... Customer Advances: ... Selling Goods on Installment: ... Long-Term Loan from a Bank: ... Retain Profits: ...

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Roslyn Walter

Lvl 10
4y ago
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shiningmonroe

Lvl 2
4y ago

At first, keeping company assets at a minimal reduces the need for funds. To answer the question:

1. Sale and leaseback can result in immediate cash in exchange for long-term lease. This can be a funding source for many years.

2. Early payment discounts. You can offer to your customers an early payment discount.

3. Delays for payments. You can delay paying suppliers or other services you use. Do this with care and with interest-free terms.

As always, in difficult scenarios the best bet is hiring a financial advisor (example at bender financial services) who has the ability to put things in order.

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