Don’t Let the Winter and Holiday Blues Keep Your Business Down

Don't Let the Winter and Holiday Blues Keep Your Business Down

If you own a construction company or other seasonal business, you know it can be tough to get through the slow winter months. The cold weather grounds some businesses until spring, but even retail stores and restaurants experience significant drops as customers hunker down at home after the holiday rush. This slow period would be a perfect time to work on expansion plans or other revenue-generating ideas. However, the catch 22 is that when you’re slow, you have time but not money. Maybe it’s time to consider a capital loan.

Working Capital Gets You Through the Rough Months

Working capital loans are best suited for established businesses with reliable trends. If you know your customers will trickle in with the spring thaw, but need to keep the lights on in the meantime, then this is a good option for you. For small businesses that want to upgrade their facilities or renovate to attract additional customers, January and February are often the perfect times for these projects. However, if your business doesn’t experience a seasonal rush, you may find yourself out of cash.

Rather than waiting to do major projects when your business is in full swing, consider a working capital loan. This reduces lost business and helps you use the slow months more productively. If you need money to keep your business afloat during the winter, a short-term loan can save the day and ward off the holiday blues. Sleep easier knowing you are making the right decision for your family and employees.

The right reasons to get a working capital loan are if it makes fiscal sense or will help you generate additional revenue.

Ideal candidates for working capital loans are small businesses looking for a short-term cash infusion to fund operations through predictable slowdowns. These loans are best suited for companies with reliable revenue during steady and peak seasons.

When to Consider a Working Capital Loan

Ideal candidates for working capital loans are small businesses looking for a short-term cash infusion to fund operations through predictable slowdowns. These loans are best suited for companies with reliable revenue during steady and peak seasons. Getting fast, affordable funding can be an ideal way to buy additional equipment or replenish inventory before a peak period or following the post-holiday cash drain.

If a cash infusion generates income within the time you will pay off the loan, that’s the best scenario. For example, if you own a landscaping company, you might not be able to make money planting trees in the winter, but you could invest in equipment to trim branches while they’re bare. Working capital can be used to diversify your business during the winter. If restaurant sales are down due to weather, purchasing a company vehicle for deliveries will increase revenue and build customer loyalty.

Don’t pay for next year’s inventory that will sit in your warehouse for a year or more. Instead, use working capital to expand your revenue opportunities in the slow months. Call MY Company Funding today for more information.

How it Works

Working capital loans are short-term loans, typically less than two years. Fixed terms and payments are agreed upon for loans up to $1,000,000. Shorter terms are available, and existing customers receive priority. With simple underwriting rules and knowledgeable representatives, MY Company Funding is the best way to dispel holiday blues and keep your company on the path to growth.

Get assistance through this slow winter season! Contact Us

We Can Help!

Call us at 740-917-4960 today to learn more about our working capital loans to fund your business through the holidays and winter blues.