“A good banker understands your business’s financial picture. They understand your balance sheet. They understand what your cashflow looks like. They have an understanding of what your needs are.”

In this episode, I sit down with Jace Dawson—the Commercial Regional Executive for Simmons Bank—to explore how manufacturing businesses can manage cashflow, secure financing, and grow strategically by leveraging traditional banking solutions.

Cashflow is the lifeblood of any shop, and understanding your operating cycle is critical to ensuring your business stays competitive and solvent.

We discuss the advantages of traditional banking over independent financing, how treasury management tools can streamline payables and receivables, and why a well-structured revolving line of credit can be a game-changer for managing working capital.

Whether you’re navigating equipment purchases, labor costs, or long payment terms, the right financial strategies can help your manufacturing business thrive.

• [2:12] Learn more about Jace Dawson
• [7:22] Bank financing vs independent financing
• [10:21] The advantages to traditional banking
• [13:07] The importance of cashflow in a business
• [16:32] Creating a good relationship with your banker
• [25:08] How your bank can help you manage cashflow
• [27:54] The basics of treasury management
• [30:33] What to look for with a working line of credit
• [36:18] What do payment terms cost you?
• [39:11] It’s time to reach out to your banker

• Simmons Bank
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• Connect with Mike Payne on LinkedIn

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