• Payroll for Employees and Contractors
Working capital can help you prevent a failure to make payroll, which can be a demotivating factor for your hard-working employees, contractors or other temp help. This can be the case when you’re in-between projects, during off-season periods or when low demand causes a bubble in your revenue generation.
• Access to Funds Beyond Traditional Banking
Banks have tolerances on how much risk they can take on when letting businesses borrow money. Quite often banks use the same measuring stick to approve or reject loan applications for working capital. It is during those instances that alternative funding for working capital can deliver the funds you need to ensure future prosperity.
• React Quickly to Opportunity
Tackle opportunity with confidence, even during shortages in business cash flow, to effectively purchase inventory, prepare for increase demand or start a project when you have a signed contract. In addition, maintain your business credit rating by continuing to pay debts until the grass is green again.
• Fulfill Operational Needs
Beyond short-term debt obligations, the need for working capital also covers maintenance costs, fleet repairs, licensing renewals, or covering the costs of cyclical renewals that occur during low business demand periods. There is no reason to fail at growth when you can get access to working capital loans.