Banner Bank’s Post

Debt and financing often play a crucial role in business expansion. Understanding the cost of this is equally as important, here are some of the reason why: ✅It will have an impact on profitability ✅It will allow you to model financial scenarios ✅The ability to make confident funding decisions Take a look at this log to learn more! https://lnkd.in/e3z_td_6

Smart financial decisions drive business growth. Debt, when used wisely, can be a powerful tool for expansion. Let's distinguish what is 'good' and 'bad' business debt to avoid negative impacts on your organization. #businessdebt #businessadvice   https://lnkd.in/ddrUhCY

In today's tough economic environment, many small businesses are looking for balance sheet relief to avoid default—and there are options besides having a tough conversation with a lender. In this month's Insight, Ben Adams explores how shrinking a business may be an effective alternative for the long-term health of a business.  https://lnkd.in/g-t6C6xj

If you’re a business owner, it may not shock you that 72% of small businesses hold outstanding debt. While debt is sometimes necessary, it’s important to manage it with the help of a financial professional.

Understanding Debt-to-Income Ratios For Your Business

If you’re a business owner, it may not shock you that 72% of small businesses hold outstanding debt. While debt is sometimes necessary, it’s important to manage it with the help of a financial professional.

Business owners need to be aware of this. Business owner passes on a debt offer to pursue a different debt offer. Other offer never materializes over six months - usually a quote to try to get a deal off of the street and no real chance of closing. Business owner wants to see if the other offer is still there. If the lender is willing to re-engage in some capacity, one thing the lender will ask for is updated financials and they will cross-check how previous projections played out over the last six months. If the business did not perform as projected, questions will be asked on why that did not occur and how can the new projections be counted on as more credible.

When to Use Debt in Your Business Strategy; Find Out More in the Article Below! https://lnkd.in/earP_hjg

The right debt and capital structure makes a huge difference to the cashflow in your business. We can help you prepare a Cashflow Forecast and make simple changes to give you more cash. Get in touch! #Cashflow #FixTheCauses

Great news for business owners looking for quick access to cash! It's now possible to secure a business line of credit in just 48 hours! This vital liquidity can enhance your operational capabilities, facilitate expansion, or provide that all-important cash cushion. Here's why this update excites me: 🔹 Speed: You no longer have to wait weeks or even months to get your funding in place. Two days is now all it takes! 🔹 Flexibility: Having a line of credit at your fingertips gives you the freedom to exploit opportunities as they arise. 🔹 Capital Preservation: With fast, affordable access to credit on offer, businesses can conserve their essential capital. Moving forward, we should see more and more lenders embracing this quick turnaround approach. Here's what this could mean for the business climate: 1️⃣ Gratification: Instant or near-instant gratification becomes a reality in the credit field, making smoother income and cash flow possible. 2️⃣ Opportunities: Quick access to funding allows businesses to seize growth opportunities right when they come, not weeks later. 3️⃣ Confidence: With faster funding options, business owners can have more confidence when planning and handling their finances. Remember, every financial move has pros and cons depending on specific circumstances. I'd love to hear - How would quicker access to a business credit line shape your strategy? Let’s discuss how to manage credit as an asset for your business wisely in the comments below. Ultimately, a faster line of credit is not just about getting your money quickly. It's also about having the flexibility and confidence to power your business forward in ways you might not have thought feasible before! 💼💰👍