When you start a business there are always surprises. Sometimes these are good events such as experiencing better growth than you expected. Therefore, you need to expand with a little more inventory or extra space. On other occasions, there’s bad news. Equipment breaks down or you lose your biggest customer.
A business that has recently started operations or is experiencing sudden expansion requires working capital to grow. Some companies need inventory and can obtain credit from suppliers. Others need equipment and can obtain financing from a manufacturer. However, other options are necessary if your business needs cash simply because of selling on credit terms to […]