Published August 19, 2020 | Updated September 3, 2021
There are times when you need to supplement your existing bank lending relationship to move your business forward. Despite uncertainty over inflation and supply chain delays, banks are lending as aggressively as ever to support your needs in these challenging times.
But even so, going to the bank or even leveraging your revolving line of credit for every working capital need might affect your business agility moving forward and ultimately strain your bank relationship. And dealing with relationship issues, longer decision-making time frames, and potential restrictions on your lending requests may not be optimal when dealing with a short-term cash crunch.
The network overhaul that wasn’t planned, the employee turnover expense, the insurance deductible from the accident, and the equipment failure are all expenses that can get a chokehold on your company’s cash flow. How can you run your business instead of running from it?
Help is on the way. There is a simple working capital loan that allows for:
- Access to cash when your budget is tight
- Affordable repayment structures
- Flexibility that allows you to obtain different amounts of cash at different times
- No restrictions on use
Business owners might leverage this loan for events like opening a new location, offering new products or services, launching a marketing campaign, managing inventory bridging a temporary cash flow gap, or anything that might help with unexpected cash flow needs.
Adolfo, the principal of a tire company serving the livery business, said it best:
“The first time they helped us is when our machine broke down, and we were able to buy new equipment. The second time we were very low on inventory, and the capital enabled us to restock our inventory completely. They were really easy to deal with and it went very smoothly.”
LEAF CapitalNow™ short-term growth funding and our leading equipment financing capabilities are the perfect complements to your bank line of credit. Let’s talk.