Smart Financial Moves for Your Business
05/02/2025
By: Evergreen Credit Union Certified Financial Counselors
With new tariffs in effect, business owners may be feeling uncertain about potential cost increases and economic shifts. At Evergreen Credit Union, we encourage you to focus on what you can control and take proactive steps to keep your business financially strong.
Review Your Expenses & Pricing Strategy
Assess your budget and supply costs. If tariffs impact your industry, consider adjusting pricing models or negotiating with suppliers to maintain profitability.
Strengthen Your Cash Flow
A well-managed cash reserve helps businesses stay resilient. Ensure you have access to working capital through savings, lines of credit, or strategic reinvestment.
Delay Non-Essential Investments
If possible, pause large expenditures until there’s more clarity on economic conditions. Instead, focus on optimizing current resources and maintaining steady growth.
Evergreen Credit Union is here to support your financial success. Whether you need business financing, cash flow solutions, or expert guidance, we’re ready to help.
Let’s talk! Call (207) 221-5000 to schedule an appointment with our Commercial Banking team in Westbrook.
