Instead of waiting for the receivables to mature and be collected, the big boss is going for the unsecured small business loans. The company really needs to keep up with the latest in technology as the competition already did. They can’t possibly be left behind!
During the last strategical planning meeting, going for business loans was tossed around as a solution to their dilemma. They need funds to cover the costs of the change in machineries and equipments in their plant. The big boss talked to his finance people and he was told of the state of their receivables and cash. And it’s not going to be much use right now.
They really need to go for the business loans then!
I am an accountant, a CPA. I'd been working for 10 years as a corporate rat when I decided to quit. I am now working at home as a consultant and full time blogger.
.png)
