How to Locate Money Sources for your Business

Abstract

New business ventures as well as rapidly growing companies often face short-term cash flow challenges. While there are a number of ways to address these challenges, many business owners are unfamiliar with the full range of options beyond traditional bank financing. This presentation will introduce these options while reviewing the relative advantages and disadvantages of each.

Biography

Phil Cohen Philip Cohen is the founder and president of PRN Funding, LLC, which provides growth capital to temporary nurse staffing companies, including travel and per diem staffing. Through the purchase of accounts receivable, PRN Funding offers nurse staffing services the financial resources needed to grow and effectively compete in the marketplace. Prior to founding PRN Funding, Mr. Cohen spent a decade responsible for corporate joint ventures, strategic alliances, and growth initiatives in the medical transcription industry. Cohen has an MBA in finance from The University of Chicago and a BS in economics from The Wharton School of the University of Pennsylvania.

Outline

Available sources of credit and how the need arises
Managing your cash flow

Impact of aging accounts receivable
Create a cash flow budget

Comparing/contrasting different types of funding

Debt capital
- Short-term loans
- Long-term loans
Collateral
SBA loans
Unsecured debt
Accounts receivable financing
Equity

Objectives

Compare and contrast the relative advantages and disadvantages of each funding option available to business owners and make an educated decision on which option would be best for their individual business endeavors
Use their newfound knowledge of funding options to effectively grow their business and remain competitive in the healthcare industry

Speaker's website

www.prnfunding.com

Back