What Working Capital Is Used For

Sources of Working Capital

There are a surprising number of sources for working capital which your small business might take advantage of. First of all, you may be able to get approval for a loan from the Small Business Administration, either for a short-term or long-term loan. Then again, you may want to apply for a business line of credit, which works very much like a credit card, in that you can use some portion of it and repay it, thereby restoring your full credit balance. Other ways of acquiring working capital are made available by alternative lenders, using innovative financial products such as merchant cash advances, invoice factoring, or asset-based loans.


Obtaining the Working Capital Your Business Needs

Obtaining the working capital that your business needs is not always an easy task, especially if you’ve been applying to banks for loans. If you’re ready to explore some alternative options, we’d like to hear from you. Contact us at Terrace Finance so we can discuss some ways to provide you with the working capital you need for growth, or simply to improve your cash flow. Call Bob Zinn 954-522-3773.