Cash is king, but it can often be in short supply for businesses
According to a recent study, over two-thirds of small and medium-sized businesses have been unable to access funding on more than one occasion. Due to this, 34% suffered cash flow issues, while another 34% could not launch a new product. For another third of businesses, retaining top talent became impossible.
While every business owner aims to be cash flow positive all the time, the reality is that this isn’t always possible or practical. Growth, even stability, sometimes requires extra cash. But the state of small business capital today is challenging for most business owners looking to tap into the tightening credit market.