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Perhaps no business problem is so well known to small business owners as cash flow. Lakeland Bank offers an answer to the small business cash flow challenge - the Business Manager program.
The Business Manager program can help your business to maintain reliable cash flow, pursue new business opportunities, improve payment habits to suppliers and take advantage of early pay discounts.
As your business sells products or services to customers, you submit one or more batches of invoices to the Bank. The Bank purchases the receivables on a discounted basis. A portion of the money you get for your receivables is put into an interest-earning savings account. The rest of the funds are placed in your business’s checking account, giving you the liquidity to run and grow your business more efficiently.
To learn more about the Business Manager program, contact the program coordinator, Bruce Bready.
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