6 Types of Working Capital Loans
October 29, 2018 by Business Loans -
All businesses have one thing in common – that is they require a steady cash flow in order to operate smoothly. Some business may struggle to cope with short-term financial needs. These may include buying inventory, paying invoices, or covering payroll. In such case, you might consider working capital loans. Introducing Working Capital Loans For the most part, working capital loans are meant to finance a firm’s day-to-day operations. As a result, their lifespan is generally shorter. This form of financing should meet your firm’s immediate needs. Obviously, there are some primary reasons why entrepreneurs consider these types of loans. […]
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Working Capital Loans: The Guide to Getting One
October 16, 2018 by Business Loans -
In case you didn’t know, working capital loans are money you can borrow from a credit union, a bank or an alternative lender to the end of paying for bills and operations in your company when it’s in dire straits. Working capital loans are especially helpful for start-up businesses that cannot cover the expenses of day-to-day operations, therefore are already with a foot in the grave. Now that we’ve seen what a working capital loan is, let’s see how you can get it. Step-by-step Instructions to Getting Working Capital Loans Prepare a balance sheet A balance sheet is a paper […]
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Best Uses for Working Capital Loans
August 20, 2018 by Business Loans -
There are many types of loans in banking, but none, or very few, have as many uses as the working capital loans. Of course, their multi-functionality is the main reason why business owners prefer this kind of loan over others. If you’ve never taken working capital loans before but you’re interested in doing so in the near future, we think that knowing what you can use them for is crucial. Best Uses for Working Capital Loans Steadying the Cash Flow A working capital loan allows you to keep up with some of the most important expenses in your company. Among […]
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How Much Working Capital Loans Do You Really Need?
July 23, 2018 by Business Loans -
Working capital refers to the actual cash and disposable assets available to support your business’ daily operations. If your available cash and liquid assets are not enough, you may apply for working capital loans. But, how much money do you really need? Here’s a short guide on how to calculate the right amount of working capital loan you need to meet your current obligations. List your current assets Which of your assets can your company convert to cash within 12 months? Those are your current assets. They include inventory, pre-paid expenses, account receivables, short-term accounts, cash, cash equivalents and other […]
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