Cash Flow Financing

Being creative and customer-service oriented has been a way of life at Chesapeake Bank since it was established in 1900. One of the most creative ways the bank helps companies finance high growth has been the Cash Flow Program, offered by the bank since 1996. Since the inception of the program, Chesapeake Bank has helped hundreds of companies grow their business by providing next-day cash flow, purchasing the company’s receivables. Now offered in 11 states, the program helps well-managed and profitable companies accomplish several things:

Finance growth by providing next day cash on all credit sales
Increase profit margins by allowing discounting of payables
Allow the ability to work with larger, slower paying customers

For a small fee, similar to the cost of accepting credit cards, all credit sales can be turned into cash the day the sale is made. This allows a company to match sales and expenses and be more responsive to the market. As many clients have remarked after being on the program, “I sleep better at night knowing that my bills are paid and I have one less thing to worry about in running my business!”

Larry Lawrence, SVP, has managed the program at the bank since its inception and says that the “Cash Flow program allows a business to grow at a faster pace, where a traditional line of credit, if not large enough, can hinder growth.”

Sales Manager Kevin Wood likes how the program fills a void in the banking industry by allowing the bank to partner with well-run companies who are doing things the right way but simply lack the cash to allow them to grow and take advantage of their opportunities. “If your company would be more successful if everyone paid you with a credit card rather than you waiting 50 to 90 days to get paid, you would like our program.”

With the ups and downs in the economy, cash flow is an issue for most small businesses and Chesapeake Bank’s Cash Flow program can balance out these ups and downs in the market.