Salem Five Bank Completes Acquisition of Sage Bank
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If you look to the sky to help further your business, you have unique financing needs. Finding competitive, high-quality financing options for your light and midsize aircraft and helicopters isn’t easy, but Salem Five Aviation can help take the complexity out of the process. We work closely with a select network of reputable national aviation finance brokers to underwrite, fund, and service your aircraft financing.
Cost-cutting and cost-containment tactics and techniques are common to any business. And, when tied to the budget, they're a necessity. Although it's often confused with those first two terms, "cost management" is another issue entirely.
Companies are considering how their capital structures can protect against a broad range of catastrophic risks. But that's like a health plan that pays out only for the most costly, life-threatening diseases. Did BP envision a drilling accident that would shut off its access to short- and medium-term capital markets and result in worldwide condemnation? If it did, it certainly didn't prepare accordingly.
Last November, we discussed controlling payables as a good way to manage cash and grow your business, but the angle we took was fairly tactical (stretching payment cycles, utilizing trade credit, etc.). In the macro view, proper internal management and control of the payments that flow in and out of your companies’ bank account is, of course, critical.