Advance Your Business With a Little Working Capital

Advance Your Business With a Little Working Capital

No business is too large or too small for additional financing when the need arises. Whatever the reason for needing working capital, it is important to have a partner who can provide you access to the capital you need when you need it. Here is some information about the importance of maintaining a good working capital ratio and the options to consider, even if you have a low or poor business credit score.

The Importance of Working Capital

It is important to determine your needs as a business for working capital (WC) by first understanding what a good WC ratio is. In simple accounting terms, WC is simply the difference between your current liabilities and current assets, as reported on the balance sheet. The sum represents the amount of cash you have on hand to pay for the things you need to operate. Another term used to describe the WC ratio is “current ratio.”

For example, let’s say you have a manufacturing company that reports current assets of $15M and current liabilities $12.5M. Using the formula for WC ratio, you have coverage of 1.2 times assets to liabilities or 20 percent more in current assets than your current liabilities. In this dream scenario, your company has available the WC necessary to meet many of the demands of your business.

In simple accounting terms, working capital is simply the difference between your current liabilities and current assets, as reported on the balance sheet.

Options Available to Supplement Working Capital

When your WC or current ratio falls below 1, indicating that your current liabilities are greater than your current assets, you need to consider those options available for bringing this number to 1 or higher. Additionally, it is important to think about the factors a company like MY Company Funding LLC will consider when you are shopping for the lowest cost option.

Your credit score is important, but it’s not the only factor. The number of sales, the value of your accounts receivables as a percentage of these sales, the length of time the loan will be outstanding before repayment, etc., are all important considerations that will be accounted for as options are explored for your company.

Working with MY Company Funding LLC

We provide more than funding options, we provide you with the capital you need to sustain and grow your business. At MY Company Funding LLC, we offer financing options for all types of businesses, no matter their size. Whether you need equipment financing, working capital or a way to improve cash flow through invoice factoring as well as quick financing business loans, we have access to an option appropriate for your business.

Expand your business today! Apply online.

Simply provide us with the information needed, such as a completed application and bank statements, and let us go to work locating financing for you. We work with credit scores as low as 500, so contact us immediately at 740-917-4960 or online at to get started.

It is important to remember that the financing options arranged through MY Company Funding LLC are designed to help you strive in business. We do not make consumer loans or provide any of the products or services of the SBA.