Banks raise lending requirements during economic downturns, making capital difficult for many businesses to obtain. Insufficient capital and lack of cash reserves are leading causes of small business failure. A survey found that 93% of small businesses prioritize cost when choosing IT solutions, leading 89% to experience IT problems. Leasing can help alleviate financial stress for businesses by allowing them to purchase higher quality products while keeping cash on hand and without tying up credit lines.
Banks Raise Requirements as Capital Becomes Problem for Small Businesses
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2. Banks raise their requirements during economic downturns and capital becomes a problem for many businesses. “ Make sure you protect your investment and keep enough reserve cash to carry you through market downtrends and seasonal slowness.” D&B Why do many Small Business Fail? Insufficient capital and lack of cash reserve top the list of why businesses fail.
3. According to a recent HP survey of more than 500 IT managers at small businesses across the United States: 93% of companies have placed cost Concerns over the best IT solutions, Leading 89% of those companies to Experience IT-related problems. -Business Wire
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10. Currently : Wait 30 Days for Customer to Pay and they still can’t pay in time! Net 45, Net 60, Net 90 . . . Solve Cash Flow Problems with Net 30 Conversion Cost of Collection Process Send Customer to Collection Lose the Customer Get Paid in Full Offer Affordable Monthly Payments Keep Customer Lines Open for Higher GP Business Net 30 Conversion with LeaseStation
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Editor's Notes
With our Net 30 Conversion you build customer relationships by helping them afford the equipment instead of turning them over to collections. Customers will remember this and come back to you to buy in the future “Customer on Credit Hold”