Eagle Financial | Chattanooga, TN

We updated our website, which was created to keep you better connected with all that’s happening at Eagle Financial.

In addition to the site being easier to read and navigate, it is also much easier for us to update. This means that we will be able to add fresh news and information about Eagle on a regular basis. All updates will be posted to our homepage just below the introduction. You can also click on the “News” link at the top of the page. Thanks for visiting!

As printed in the October 2008 issue of Staff Digest [pdf]

If you are like numerous other staffing firm owners, this is a very apprehensive time to say the least. Having worked with independent business owners for over 35 years, I’m still amazed by the comments many are sharing regarding their financing challenges in this incredibly volatile market. It’s obvious these are tough economic times for many companies, and you need a financial partner that can help you weather this storm.

Have you encountered any of these situations recently?

• Major accounts are stretching you out and paying invoices later and later
• If everything is not just perfect on the invoice and the back-up, it gets rejected and the clock starts over when the “corrected invoice” is received
• More clients only allow you to bill monthly, even though you have weekly or bi-weekly payroll
• Purchase Orders are slow in being issued; but the client wants you to start work immediately, and you can’t bill without a P.O. number
• If you are a sub to a prime vendor, you hope and pray the prime vendor’s billing is perfect, so you’ll get your payment in a timely manner

I guess I could go on and on. But the bottom line is that, in this current “economic slow-down,” many of your clients are using you like a bank. Does this sound familiar? Read the rest of this entry »