Brookmark Financial in Sterling, Colorado publishes these articles for Logan County owners weighing a purchase or a cash gap.
How to prepare a cash flow forecast for a Sterling, CO insurance agency
A cash flow forecast lists the money expected in and out, week by week or month by month. For an insurance agency, the money in is mostly commissions and renewals; the money out is payroll, rent, software and taxes. Start with last year's bank statements, note when commissions actually arrived, and carry the pattern forward.
Logan County, CO had 12 insurance agency employers (NAICS 524210) in the 2023 County Business Patterns.
Building a 13-week cash flow forecast at a Logan County, CO contractor
Thirteen weeks sits close enough to forecast with care and far enough out to catch a shortfall before it lands. A contractor lists each job's expected draws by week, the biweekly payrolls, materials bills and equipment payments, and the running cash balance. Any week where the balance falls below zero is the size and date of the funding need.
- List cash on hand at the start.
- Enter expected receipts by week.
- Enter payroll, materials, rent and loan payments by week.
- Carry the running balance forward and mark the low point.
How Sterling, CO contractors can improve cash flow before borrowing
Before borrowing, a contractor can shorten the gap: bill progress payments on time, ask for deposits on materials, follow up on retainage as soon as a job is accepted, and negotiate supplier terms. Every two weeks cut from the wait is one fewer biweekly payroll that needs financing.
County Business Patterns counted 44 construction employers in Logan County, CO for 2023.
Articles for Sterling, CO contractors and restaurants
- Medical and dental equipment financing in Sterling, CO: exam chairs, imaging, refurbished units and payments set around insurance receipts.
- Retail business loans for Sterling, CO stores: stock, fixtures, a remodel and card-sales advances.
- Contractor equipment financing: skid steers, trucks, materials and payroll on long jobs.
- Lifts, scan tools and shop buyouts: equipment, a partner buyout, parts and payroll.
- Restaurant funding: kitchen equipment, remodels, food orders and advances.
- Lease or buy equipment: loans, $1 buyout leases and fair market value leases.
Each article links to the funding types it discusses. Questions can go to (970) 602-6731.
By Brookmark Financial · Updated