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Russell Duckworth says navigating the financial landscape can feel pretty overwhelming, especially for new or growing businesses.
Lots of small businesses out there are on the hunt for a line of credit, but they hit a roadblock because they don’t have enough assets to put up as collateral.
But here’s the good news!
According to Russell, there’s a workaround for small businesses. When a customer drags their feet on paying an invoice, it can really mess with a business’s cash flow. That’s where American Bank steps in, offering funding of usually around 85 percent of the invoice’s value the very next business day. It’s a lifeline for small businesses in a tight spot.
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