smart spending

Offbeat ways to finance a small business

Turn to vendor financing
Next
Slide 6 of 7
Back
Turn to vendor financing

You can turn to your vendors during a cash crunch and ask for better terms or even ask for a loan.

"If you have a long-standing relationship with a vendor and you have a healthy business, (vendors) may consider it because they don't want to lose you because of a temporary cash-flow problem," Roth says.

The key is to ask vendors for a loan without spooking them. "As long as you tell them this is a temporary cash-flow issue, which can be helped by a loan from them, they may be willing to loan you some funds," she says.


Next
Slide 6 of 7
Back

 

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed, 0 point 4.32%  0.05 4.27%
15 year fixed, 0 point 3.29%  0.02 3.27%
5/1 ARM 3.34%  0.13 3.47%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.38%  0.09 4.47%
50K FICO-based HELOC 4.11%  0.06 4.17%
100K FICO-based HELOC 3.96%  0.03 3.93%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.63%  0.10 2.73%
48 month used car loan 2.90%  0.07 2.97%
60 month new car loan 3.18%  0.04 3.22%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.90%  0.01 0.91%
2 Year CD 1.09% --0.01 1.08%
5 Year CD 1.74% --0.00 1.74%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.66%  0.01 15.67%
Cash Back Cards 16.36%  0.03 16.33%
Low Interest Cards 10.87% --0.00 10.87%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us