How to perform cash flow triage - KWWL - Eastern Iowa Breaking
News, Weather, Closings  How to perform cash flow triage
Updated: June 28, 2010 03:36 PM EDT Here are some triage
techniques to help get you through a cash flow emergency.
(&copy; Here are some triage techniques to help get you through
a cash flow emergency. (©  It's Monday morning and you don't
have enough cash on hand to make Friday's payroll. What options
do you have? Cash flow crunches affect every company. Ideally,
you can weather these crises by accessing a line of credit or
revolving loan you've already set up with your bank, or tapping
into cash reserves you've put aside for such an occasion. But
what can you do if you've failed to plan ahead? Here are some
triage techniques to help get you through such an emergency:
Factors will quickly buy your receivables for cash -- often
within 24 hours. You pay a high price, often as much as 15
percent of the value of the receivables, but you can get cash
literally overnight. And once factors purc