Small Business Working Capital Loans Demystified
Discover The Quick, Easy, Problem-free Way
Small Business Owners Can Get Working Capital
What is a Working Capital Loan?
A Working Capital Loan is a short term loan (3 to 18 months) whose purpose is to finance the day to day operations of a company.
Who Can Get a Working Capital Loan?
Both new businesses that are trying to expand and older companies looking to restructure can benefit from a working capital loan.
Most business that make $8,000 a month or more will qualify. Even when a bank has said no, alternative lenders approve about 90% of businesses who make sufficient income.
The cash flow of the business is the main factor for determining if a business qualifies.
When Can A Business Use A Working Capital Loan?
Anytime a business needs assistance in covering regular day-today costs, the owner should consider a working capital loan.
Let’s look at an example of Harry who owns the ACME Transportation Company. Harry’s business generates great revenue and his customers are loyal to ACME.
However, one of Harry’s Commercial Trucks needed an expensive repair. Harry was able to get a working capital loan to repair the vehicle and to continue to offer his customers great service and maintain his income.
“Working Capital Loans are a small business owners best kept secret.The loan I got really saved the day.” Harry
Working Capital Loans May Be Used For
Debt
Increase Working Capital
Purchase Inventory
Purchase Equipment
Repair Equipment
Construction
Property
New Opportunities
Marketing
Business Rent
Employee Payroll
Expansion
Benefits of a Working Capital Loan
Quick approval giving business owners access to funds within a few days
Businesses can stay afloat during slow business months
Lack of sufficient financing is among the top 5 reasons for business failure
Sufficient financing can be the life-blood of any business success story.
CFIC Funding, a leading alternate financing company since 2001. Visit http://www.freecommercialloansecrets.com/get-small-business-financing-with-fast-easy-approvals-2/ for more resources to help your business
Sources:
Federal Bank of New York – Small Business Poll, May 2012
Pepperdine University – Grazialdio School of Business Survey, June 2011
2012 Small Business Access to Capital Survey
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