The business of wholesale food distributors is booming because more and more Americans are choosing to eat at home. The challenge is that booming business means more inventory needed and more cash out of pocket. How do you keep the cash flow smooth and secure? PMF Bancorp has created a number of viable financing programs for wholesalers and distributors through its import financing, accounts receivables, and short term loan financing lending solutions that ensure confidence and continued growth.
With the American economy still reeling and unemployment hovering at over 8%, more and more people find that they cannot afford to eat out. Restaurants are too expensive and fast food simply is not healthy. What has become the most sensible option is to eat at home, and the direct result is booming business for wholesale food distributors. Yes, such an outcome of events is a big positive, but also includes financial challenges and unexpected difficulties.
When wholesale food distributors suddenly find their business booming and a need for increased inventory on account of bigger orders, how are they supposed to cover the new costs? Without question, the money is coming in and more is being made, but there is always a thirty, sixty or even ninety day gap before the cash paid out comes back in the form of profits. What are you supposed to do to cover the financial gap without potentially putting your company at risk of not having enough working capital?
Luckily, PMF Bancorp has an arsenal of proven financial solutions that have worked for wholesale food and other types of distributors as well in the past… and will work for you.
Through factoring and trade financing solutions with a company like PMF Bancorp, you will be able to access much-needed working capital by financing your Accounts Receivables and your inventory needs. You can have the financial resources and confidence you need immediately without the burden of credit checks and jumping through the endless hoops of bank bureaucracy. With a proven track record, PMF Bancorp can help wholesalers of any type take real advantage of the sudden flush of success in sales that could happen as this economy rebounds. Please be prepared as selling is only half the battle…the other half is having enough working capital at the right time.
Why should you have to worry whether you will have enough cash on hand and financial resources to keep up with the new inventory demands or clients that need you to provide extended terms? By contacting PMF Bancorp and accessing a wide array of proven financial services, we can help ensure that your success is successful and does not undermine your business. For more information on customized financing solutions, please contact