C2FO Is Increasing Working Capital Efficiency for Small Businesses
Small businesses are seeking to leverage their cash flow to fund growth, and they’re doing it with working capital. C2FO, providers of a working capital market, carried out a survey of more than 1,000 U.S business owners to examine their preferences for working capital efficiency, including the trends associated with financing, working capital deployment, and payments.
Their findings revealed that small businesses are concerned about financing their long-term growth.
Twenty percent of the small businesses surveyed claimed that their growth was affected by large corporates delaying supplier payments. To stay in business, more than 45 percent of these small businesses explained the unease they have towards asking for early payments.
C2FO is offering a solution to this issue. Sandy Kemper, Chairman and CEO of C2FO said, “Over the past three years, we’ve witnessed increased interest from businesses seeking to optimize working capital outside the traditional financing system.”
Now, businesses can improve their working capital efficiency by using the “Name your own rate” model from C2FO. This has empowered suppliers to control their cash flows and is opening up the doors for small business growth possibilities.
This system will help maintain positive business partnerships while ensuring that late payments stop hindering cash flow.