Start planning now for the spring with a working capital cash infusion. For many businesses, spring is the busiest time of year. Not only are new business initiatives in full swing, but many businesses experience a boom after the lazier winter months. If you need to make up for a winter shortfall or simply fund your company’s goals for the new year, working capital business financing may be the answer.
If you aren’t in retail, it’s likely that you saw your profit go down significantly during the winter months. But that’s not a problem because you can make it up in spring. Small business loans are an easy way to make up for seasonal irregularities and propel you into the new year with the working capital that you need.
A new year brings new initiatives with it. Working capital lending can give you the opportunity to complete repairs, maintenance, cleaning, and other tasks that were put off during the subsequent year. Through this, you can prepare your business for even greater success in the coming months.
Spring is the time of year that many businesses plan to expand. A working capital loan can help stabilize this type of growth so that your business doesn’t fall short regarding cash and liquidity. Expansion can be something as big as opening a new location or as small as new inventory purchases. Either way, you’ll need to make sure your cash flow isn’t adversely impacted.
Because many businesses experience a slow down during the winter and speed up during the spring, many companies also need to acquire additional help come the new year. Working capital can help you adjust for larger payroll and to cover the costs of hiring and training. This is something that will undoubtedly help your business throughout the year.
Finally, if you have debt from the previous year, working capital financing could be the best way to consolidate your previous debt. This can include everything from loans to credit cards but on better terms and a better interest rate. Consolidating your debt will simplify your cash flow and could potentially even give you more time to pay off your debt. This will let you plan for the new year with more confidence.
Regardless of what you need your working capital for, we can help. We offer short-term working capital loans for credit scores all the way down to 500! Simply provide an application and bank statements. Questions on working capital? Call 740-917-4960 for a no obligation consultation now!