If you turn over inventory multiple times a year then the short term loan can work great for your business model. It doesn’t make sense to keep paying interest and fees on a loan when you only need it for 6 months to a year. Business loans for inventory can give you the money you need to purchase the products you sell in your business.
Since the funds are wired directly into your bank account as cash you can use it any way you want. Although the bank will want to know what the funds will be used for, there are no strings attached once the money has landed in your bank account. The extra funds can give you some breathing room during slow seasons so you can keep running your business efficiently.
Most retail businesses are constantly hiring and training new staff on a regular basis. A small business loan may be the right call if you find yourself in a situation where you need to hire someone quickly but don’t quite have the cash flow to make it happen without making huge sacrifices. Fortunately, unsecured loans are delivered as cash and can be spent on anything for the business. This is much more flexible than a company credit card or credit line.
Yes! Short-term cash loans are the ideal structure for the retail industry because you can use the funds any way you want. There are literally no strings attached once the funds hit your account. So no matter how your business could benefit from the extra cash flow, you are more than welcome to use it that way.
The flexibility of cash is apparent because it puts you in the driver’s seat, where you belong.
If you've ever try to get funding for your business then you know it can…
This is the fundamental question every entrepreneur asks themselves on a regular basis. Regardless of…
As you are probably aware, interest rates have been on the rise for the past…
Looking to apply for small business loan? There are many options to choose from when…
Easy Business Loans: Because Your Time is Valuable When you work with the bank the…
Fastest Small Business Loans Available If your small business is in need of capital quickly…