Did you know that 56% of companies are looking for working capital? The NFIB Research Foundation says 57% of businesses applied for financing in 2013. Typically, the first place they turn is their local bank; however, only 17% of the applications will be approved. Out of the 57% of finance applications, a 2013 SageWorks survey says 19% of companies were looking to finance equipment and 56% were looking for working capital. Working Capital can be used to pay for everything from business expansion to purchasing inventory.
The lack of approvals at the bank opens the door for other options and other options can be found at Specialty Coffee Finance. We have solutions to your working capital needs. The lack of approvals at the bank opens the door for other options and other options can be found at Specialty Coffee Finance. We have solutions to your working capital needs. To learn more, please contact one of our representatives at 800.566.1993 or 253.284.5600 or email us. Click the button below for a fast and easy quote from one of our team members.
Working Capital Use Examples
- Seasonal Trends
- Expansion Projects
- Bulk Inventory Purchases
- Concurrent Funds with Leases
- Handle Emergencies, Tax Liabilities, etc.
Working Capital Funds Can:
- Increase Revenue
- Cover the gaps in financing
- Patch the holes in project funds
- Buy another franchise location
- Get debt off the books quickly