Finance

Finance option to improve cash flow

Small business owners have access to a variety of financing options that can extend the time they have to pay for purchases and help them keep a cash cushion in their bank account. However, they all work a little differently. It’s important to know the pros and cons, so you can choose the one that’s ideal for your situation and will help you optimize your cash flow most.

Here’s a look at the benefits and drawbacks of five of the most popular types of financing options to help smooth cash flow. “It’s important to think strategically about the tools in your toolbox,” says Lisa M. Braun, Small Business Card Executive at Bank of America.