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Extend Your Payables Window

Simple tips to help you leverage time and improve your cash flow
November 11, 2009

For small-business owners looking to improve their cash flow, extending the payables window can provide that crucial bridge of time needed to collect receivables and cover your expenses without having to seek a line of credit.

Your business can leverage time and improve cash flow in a number of ways, including:

By extending your payables window, sharing expenses with other business owners, creating/upgrading an online bank account to ensure prompt payments to suppliers, tightening spending and reviewing your accounts, you can help increase your company's cash flow and bypass the need to rely on additional credit to keep your business flowing smoothly.

This column is intended to provide general information about how to extend a business' payables window and does not represent specific products available through Union Bank.