Saturday, May 15, 2010

Take Advantage of Supplier Discounts

The top 4 ways to take advantage of supplier discounts.

1. Ask if you can purchase in greater quantity.
2. Ask if you pay early, would they be willing to give you a 5% break on price.
3. Ask if you commit to a one year loyalty agreement would they offer a discount.
4. Ask if you refer them business would they provide you with a discount.

How do you get the money to invest in larger inventories, or pay sooner?

Answer: iNBEE Financial will pay you early on your invoices or purchase product from you. If you would like to know more information about how to take advantage of supplier discounts call for a FREE consultation with absolutely no obligation and we will share our 30+ years of purchasing with you. 636-233-2782 or visit http://www.inbeefinancial.com/financing-ar.html

Friday, March 12, 2010

WHERE IS THE MONEY IN 2010 FOR SMALL BUSINESS?

Finding Your Financial Strength

Saint Louis, MO February 19, 2010 -As the financial criteria tightens in the economy, business owners tremble at the idea of applying for a loan and feeling the rejection. Many owners are closing the doors and many others are laying off people by the hundreds. Cutting expenses in this economy is not the only way to find the extra dollars for expansion. To prepare to be financed there is a couple of things you may want to do.1. Get your credit score above 650. There are a couple of good programs out there for people who still pay their bills on time2. Have an alternative source of income. Having a wife, girl-friend, husband, boyfriend, etch may be just the income you need for the proper income to debt ratios.3. Sell off all your used equipment on eBay and Craig’s-list. Today lenders still consider cash as king and a strong cash position yells, finance me!4. Cut back on your charitable donations and employee benefits. Showing lenders good business decisions can be the push you need.5. Take a personal pay cut from your company, now is not the time to take larger than needed executive type pay checks. 6. And lastly never lie to your loan officer. His reputation is on the line for you. Lenders are now holding brokers responsible for not carrying out their due-diligence of bad clients.
Finding Your Financial StrengthMany companies qualify for financing and do not even realize it. They think because they were turned down, that funds are gone and they have no hope except; to increase sales to grow their company.That is simply not true being turn down does not mean your company does not qualify for financing it means your financials are not strong enough to support the debt.There is a big difference between qualifying for financing and having the financial strength to support the debt. For instance, let’s just say that you credit score was poor (sub 600). Does that mean that your company does not qualify for financing? No, it means that you as a guarantor are not strong enough to support the debt with your credit, getting a transaction approved may be as simple as 3 things.1. Find a stronger credit score to back the note2. Put up stronger collateral3. Place a larger than average security deposit.
For additional information on the news that is the subject of this release contact Nathan Bush visit www.inbeefinancial.com Whether you need to get new equipment, finance your accounts receivable and inventory, raise working capital, or acquire a company, iNBEE can do it all!
Whether your business has just started, or is well established, we have a financing solution for you.

About iNBEE Financial:

iNBEE Financial is a nationally recognized financial company serving our clients financing needs. In these trying times, most banks have a policy to lend money only to those companies that don’t really need it. Additionally, most banks are one-dimensional and only do one type of financing. They are not in a position to provide all the different types of financing small to medium-sized businesses need. iNBEE Financial, with our expertise and our partnerships with national lenders can provide all of your financing needs.

Contact:
Nathan Bush, VP of Marketing and SalesiNBEE Financial636-233-2782http://www.inbeefinancial.com