Is your company experiencing explosive growth? Are you struggling to get past the “launch phase”? Perhaps you’ve successfully achieved that elusive balance between not enough growth and too much growth where your business is steadily expanding at a rate that you can handle. Whatever happens with your own business, it’s fair to say that small business growth, in general, can be quite a fickle matter. How do you grow your business in a way that’s manageable, especially when your cash flow situation looks bleak due to waiting on payments from vendors and other relevant parties?
Your Go-To Working Capital Loan Providers In Atlanta And Los Angeles
If you’ve followed just about any of our blog posts here at The Commercial Finance Group, then you’d know what our answer to that question is: working capital loans. By providing your company with either asset-based lending or factoring loans, we leverage your assets such as your accounts receivable to secure you with a small business line of credit — regardless of your credit score. That way, you’ll have the necessary capital available to do…well, whatever it is that you see fit as a small business owner. After all, it’s your company!
If you’re experiencing slow but stable growth and you want to accelerate this growth, our small business loan providers can help. Conversely, if you’re experiencing more growth than your business currently has the capacity to handle, The Commercial Finance Group can also help. Contact us today.
Read more below about these common signs that your small business could use some additional working capital.
#1: You Need To Acquire Additional Materials, Supplies, Or Equipment
A growing company calls for more…everything. The capacity of your business directly affects the volume of business that you can effectively handle. More orders coming in? You’ll need a way to process those orders in a timely, quality-oriented manner. If you’re a retail store, you’ll probably need to acquire more inventory. Screen printing business? Perhaps you’ll need a larger screen printer. Whatever the case, having additional working capital to finance these much-needed purchases is key to good small business growth.
#2: You’re Waiting On Payments From Vendors Or Customers
Cash flow is the name of the game when it comes to the financial health of your business. If you’re struggling to make ends meet and pay what needs to be paid because other parties haven’t paid you yet, then you’ll find yourself strapped for cash during the waiting period. Even if you’re generating a profitable revenue stream, you can still experience problematic cash flow issues.
#3: Business Is Really, Really Booming
While many companies believe that the time to get a loan is the most important when they need the capital, i.e. when business is slow, it’s better to secure a loan when business is good. Why? That’s because your successful business will prove to small business lenders like The Commercial Finance Group that you’re more than capable of paying them back.
#4: You’ve Received An Unusually Large Order
No business owner wants to say “no” to perfectly good business — especially if it’s a large-scale order that will drive a great deal of profit. However, some small businesses just don’t have the means or the capacity to carry out larger-than-normal orders relative to the business’ current size. Whether you’re procuring additional supplies, inventory, or extra workforce to carry out this massive new order or series of orders, a working capital loan designed for small businesses is bound to help.
#5: You Need To Partner With Or Acquire Another Company
The idea of purchasing another company may seem a little ridiculous when you’re just getting your own company off the ground, but there could be a number of long-term financial advantages to acquiring or partnering with another small business. Doing so could help you enter a new market or greatly expand your presence in the market that you’re currently doing business in. While buying another company is hardly cheap, a small business loan will help provide the capital necessary to finance such an expenditure.
Get A Working Capital Loan From The Commercial Finance Group Today
Don’t let your small business sit in stagnation. If any of the above points apply to you, please do not hesitate to contact our small business loan providers in Los Angeles and Atlanta today.