Raising Entrepreneurial Capital

receiving thousands of dollars a day in payments, a reduction of 2 to 3 days

in float adds up over the year. The lockbox allows you to realize your sales

dollars sooner, alleviating your need for external financing for those days.

BANK CASH MANAGEMENT SERVICES

If your business allows them, the use of preauthorized debits is a n

excellent way to control cash flow and reduce defaults. Preauthorized debits

are monthly transfers from your customers’ checking accounts into your

bank account. This alleviates the need for monthly paper billing, allows you

to accurately foreca st cash inflows, and reduces the chance of non-payment

by your customers.

Banks also ...