Operating a B2B company is different from a B2C operation in some very important ways. Instead of the relatively easy task of appealing to consumers, B2B organizations must focus on appealing to other business owners, entrepreneurs who are savvy, driven, and cost-conscious.
As such, there is pressure for B2B companies to be more professional, more cutting-edge, and more competitive than those who focus on the B2C space.
If you’re a B2B enterprise operating in the Southeast, it’s very important to know where you can turn for lending options if and when the need arises.
Businesses experiencing financial success often assume that they no longer have a need for small business lending options, but this couldn’t be further from the truth. Startup costs and paying bills aren’t the only reasons that a B2B operation might need funding.
The Commercial Finance Group is proud to be among the country’s most trusted alternative to traditional small business lending options. Our asset-based lending has helped many in the B2B commerce space, and we can help you too!
Keep reading to learn more.
Before You Apply For Small Business Lending, As Yourself:
Before You Apply For Small Business Lending, As Yourself:What Do You Need Funding For?
B2B commerce operations can require funding for many reasons, including expansion, purchasing inventory, purchasing equipment, mitigating cash flow issues, overcoming seasonal shifts in demand, and supplementing slow-moving government contract payments.
How Much Working Capital Do Have?
Working capital is the sum of your assets minus your liabilities. If you have too much debt, this number could be in the negative, a signal that you’re experiencing cash flow problems. Lack of working capital leaves you without the ability to pay bills, vendors, employee salaries, and more. It also stifles any plans you may have for growth.
Are You Bankable?
Even if your businesses is making money, you may not fit the bank’s idea of a qualified borrower. The Commercial Finance Group specializes in helping B2B commerce enterprises build a bridge to bankability through our asset-based lending services.
