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 […]
The trucking industry is the heart and soul of the American economy. If you own a trucking and logistics business, you know how difficult it is to stay competitive and meet your client’s tight delivery timelines. In order to survive, it takes a sizable fleet of trucks and experienced, reliable drivers. Working capital loans can […]
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 […]
For many businesses, the winter months and the holiday season are the slowest times of the year. Retail stores find that they can clear significant profits on Black Friday, but other stores may find that customers are hesitant to spend any more money than they have to. Home improvements, big-ticket purchases, and services are often […]
Businesses that need cash have two options: taking out a loan on their assets or taking out a loan on their credit. But what if a business doesn’t have physical assets or credit for a loan? Many businesses that are just starting out may not be able to apply for traditional loans. Luckily, if they […]
The prudent management of working capital is crucial to a business’s success and growth. Working capital is best defined as the difference between a company’s assets and its debts. Think of it as an important business metric that gauges how financially sound a company is. If debts outweigh assets, a company is in desperate need […]
The summer is here, and that means people will be out and about, spending money and enjoying the lovely weather. There is a good chance your business will experience an uptick in activity. If you aren’t prepared for the sales bump, you might lose out on a significant amount of revenue. It is even possible […]
Every business should have positive working capital. This term refers to the difference between assets and liabilities. If you own or manage a business and lack positive working capital, it will be awfully difficult to turn a profit across posterity. The bottom line is you need capital to run your operations on a daily basis and […]
If you own or manage a landscaping business, chances are you will obtain considerable benefits from a working capital loan. Just about every landscaping business can be improved in some manner, whether it is through the addition of new and improved equipment, better transportation, more workforce, new office supplies and so on. Each of these investments […]
