Working capital is the lifeblood of your business. This measure lets you test your ability to pay your short-term debts while planning ahead for growth or busy periods. It also identifies cash shortages and helps you pinpoint where your cash is tied up. Working capital loans offer one solution to this dilemma.
Business equipment financing provides capital to buy equipment so that your company has what it needs to grow or continue existing operations. The equipment itself serves as collateral for the loan, but as long as it’s paid within the set terms, you continue to have access to the equipment. However, a default can result in the loss of the equipment […]
Equipment failure can lead to some significant costs for your business. When manufacturing equipment fails, you experience downtime; this leads to lost revenue, lost customers, and lost opportunities. In fact, the true cost of downtime can be much more than you expect, as it involves a multitude of different factors.
When equipment fails, it can cause your entire business to screech to a halt. It can even be dangerous for your employees. Protecting your business from equipment failure requires an understanding of why equipment fails and the proactive measures you can use to avoid equipment failure.
Some industries experience peak periods, such as ski resorts in winter, with many businesses enjoying a bump during summer seasonality. People want to be outside in the warm weather, and that usually means they spend more money. Don’t miss out on increased sales due to a lack of cash flow for your business expenses. Instead, consider […]
Are you an innovative entrepreneur with a summer seasonal business such as lawn care, outdoor adventure or guided tours? If so, how do you deal with the swings of your operational costs in the off-season? The type of business you have drives your operating cycle but may not coincide with your cash flow needs. Let’s look at ways […]
If you believe expanding your business could dramatically improve your bottom line but aren’t sure if it’s worth the cost and hassle, you are not alone. Consider the common reasons that businesses expand before making a final decision. Then, review your options to move forward and grow your enterprise.
If you’re thinking about expanding your business by increasing inventory, hiring new employees, updating your facilities or other growth-related costs, a working capital loan might be just what your business needs. Before you look for financing, be sure that your business is ready to take that on. To do so, you need to understand what […]
Many businesses are flush with cash in the spring, as clients ramp up for warm weather booms and new opportunities emerge. However, the adage still prevails, it takes money to make money. You probably don’t have to think hard to come up with ways your business can use more working capital to make more money. Working capital […]
Spring is typically a time when businesses need to utilize new equipment on new projects. After the slow winter months, you might find yourself short on cash for essential initiatives. In business, having cash available when you need it is crucial. Of all the loans you may apply for, one of the most significant is an […]