Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
How to get funding? Can't place orders fast enough?
My husband has a telemarketing sales business with 5 employees working from home. He has funded his company for years with cash. Due to new, higher personal expenses, he's finding himself running out of cash to buy products with. He has more and more orders to fill, but can't place them because he doesn't have the funds.He has to sit on orders, waiting 45 days for the payments from his previously filled orders. He's slipping behind, when all he needs is to keep up with all of the orders, but needs funds.
He has no personal credit, and when I say he should be able to get a finance company to fund him when he shows his history of orders and profit margins, he says it doesn't work that way.
Can anyone name some companies that can help in this situation? Or any advice?
4 Answers
- JakeLv 77 years ago
It's pretty standard procedure for a business to have a line of credit with a bank to cover such operating expenses, try approaching your bank with those detailed business records, they may have helpful advice whether you qualify or not, such a line of credit hopefully has lower interest rates than credit cards, which may be your most realistic option.
- 7 years ago
Just look up peer to peer lending on the internet and you will find several different groups and as long as he is able to show any type of income coming in or orders you should be fine also if you look up craigslist financial section you should be able to get some leads.
- troLv 77 years ago
there are or at least were companies that would loan on your receivables
is he not able to work with the vendors for a more lenient payment plan
- 7 years ago
sucks for him hes not putting that "money" to use and being a good busness owner and building legal credit and buying stuff.DOesnt he realize in this world today you better have credit and build history.Hes going to fold that business and he deserves it!
