Cash Management: Tip One

 Communicate with your bankers and consider...

• your ability to meet upcoming covenants; have waiver discussions early
• refinancing or requesting extended repayment terms for outstanding debt
• non-traditional lending options (i.e., factoring, equity- based lending, SBA, asset-based lending) for new cash needs
• drawing down on available lines, or extending the need to pay them down
• requesting a short-term increase in the borrowing rates to assist with cash flow requirements if your borrowing base is a function of accounts receivable and inventory levels