From Banking Secrets to Cybersecurity
MakingChips
We're here to equip and inspire! A cutting-edge podcast and marketing agency crafted for manufacturers by manufacturers.
Why should you listen to this week's episodes? If you're a manufacturer handling government contracts or are considering entering that space, understanding CMMC is no longer optional. Jacob Horne's expertise offers a roadmap for compliance, helping you avoid costly delays and penalties.
The conversation on episode #453 of MakingChips explores practical steps to align your business with the required standards, ensuring you're not left behind as the regulations tighten in 2025.
And what about banking? Do you know what is required to secure the cash you need to run your business day in and day out? Mike—and special guest Dan O'Keefe—covers everything you need to know in this week's episode of BTN. Learn more about each and get caught up below!
How do you secure the cash you need to run your manufacturing business??
In this episode of?Buy the Numbers, I sit down with Dan O'Keefe, Senior Vice President at Busey Bank, to explore the crucial steps in securing a line of credit for your business. If you’re a manufacturer looking for financing, this episode is packed with essential advice on how to prepare.
We walk through the specific financial documents you need to have in order when applying for a line of credit, from profit and loss statements to accounts receivable aging reports. Dan explains what banks are looking for and why these documents are key to getting approved.
Beyond just having the right documents, we discuss how to make your business more attractive to banks. Dan shares insights into what banks want to see in your financials, such as strong cash flow, solid inventory management, and the ability to manage receivables.
We also dive into the importance of building a strong relationship with your banker. A solid connection can help smooth the process, ensuring that your banker understands your business and your specific needs for credit.
Whether you're applying for your first line of credit or expanding an existing one, this episode will give you the tools you need to successfully navigate the application process and secure the capital to grow your business.
How do you secure the cash you need to run your manufacturing business??
In this episode of?Buy the Numbers, I sit down with Dan O’Keefe, Senior Vice President at Busey Bank, to explore the crucial steps in securing a line of credit for your business. If you’re a manufacturer looking for financing, this episode is packed with essential advice on how to prepare.
We walk through the specific financial documents you need to have in order when applying for a line of credit, from profit and loss statements to accounts receivable aging reports. Dan explains what banks are looking for and why these documents are key to getting approved.
Beyond just having the right documents, we discuss how to make your business more attractive to banks. Dan shares insights into what banks want to see in your financials, such as strong cash flow, solid inventory management, and the ability to manage receivables.
We also dive into the importance of building a strong relationship with your banker. A solid connection can help smooth the process, ensuring that your banker understands your business and your specific needs for credit.
Whether you’re applying for your first line of credit or expanding an existing one, this episode will give you the tools you need to successfully navigate the application process and secure the capital to grow your business.
That's a wrap for this week!
We hope you've learned something that you can implement immediately to start making more chips—because if you're not MakingChips, you're not making money. BAM!
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We had some great episodes this week!
HR consulting and training in Northern Illinois
1 天前holding government contracts means additional work in human resources as well. Smart employers will do all the necessary due diligence prior to beginning a contract.!