It is often assumed that only large businesses have the need and capability to access business financing options to fund their companies, but that is not necessarily true. Businesses of all sizes, great and small, find themselves in situations where additional capital resources are needed to finance special projects, expand or meet unexpected expenses.
It is important to understand as a business owner, especially one who may be experiencing problems with cash flow, that you have options to meet your cash needs. Even if you have a low or poor credit score (even as low as 500), there are still options available to you.
You must understand what those needs are, the triggers for additional capital, and the type of partner to work with, such as MY Company Funding LLC, who can match you with the money you need for your important business opportunities and priorities.
The Need for Additional Capital
The need for business capital can be
triggered by a variety of events. According to a June 2015 article that appeared on Inc.com, several of these triggers include opportunities to invest in the growth of your business, diversifying your mix of equity/debt financing, taking advantage of favorable interest rates, opportunities to make an important purchase, and when other avenues to access capital are unavailable.
Whatever the trigger may be, it is important to understand as a business owner when to take advantage of these opportunities when they arise. Granted, the needs of large business differ from those of small and medium concerns based on scale, but the need for additional funding is the same regardless of your business’ size.
Different Business Financing Options Available
The
different types of funding options available (beyond traditional bank loans) include equipment financing for the purchase of new machines,
working capital financing, and invoice factoring among the more common options.
Equipment financing gives your business a line to funding to purchase needed equipment. Working capital financing helps you maintain a healthy ratio between your assets and liabilities, and invoice factoring helps you solve the problem of slow pays and lagging receivables.
Gaining access to the different
business financing options available for your business can be accomplished simply and quickly. In most cases, a financing application along with copies of your most recent bank statements are all that is needed to begin the process of locating the best, low-cost financing option for your business.
Let MY Company Funding Help
Our goal at MY Company Funding LLC is to match your needs with the best funding opportunity. Note that the types of financing we can access do not involve SBA loans, nor are we involved in personal lending.
MY Company Funding LLC is in the business of providing financing options to all types of businesses, small, medium and large. We have the type of financing needed to maintain and grow your business, helping you to succeed. When you identify a need for additional business financing, contact us at 740-917-4960 or online at
www.mycompanyfunding.com and let us work with you to identify the best financing option for your business.
