Cash flow can be a concern for growing businesses or businesses with slow-paying receivables. The solution? First National Bank Alaska's Business Manager.
It's a way to keep the cash flowing, even if invoices are not paid for 30 days or more.
The programs allow you to sell your commercial invoices to the bank and outsource payment processing. You can have cash in hand in a matter of 24 hours after issuing an invoice.
First National assumes responsibility for processing payments, mailing statements and receiving incoming payments.
Business Manager might be a perfect option for:
Predictable cash flow can help make payroll, remit payments on time, increase inventory and pursue new business opportunities.
Tracking account receivables is a thing of the past. Having money in hand quicker will allow you to take advantage of volume and quick-pay discounts from suppliers.
With better cash flow and more time, opportunities for growth will likely follow. You'll be able to buy new equipment, increase your staff or pursue new investment opportunities.
To learn more about First National's Business Manager, call Tim Breeden at 777-5607 (1-800-856-4FNB (4362) for communities outside of Anchorage).
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