Small businesses look into business funding for a variety of reasons. Whether it’s a bank or a lender, the choice is up to your business. Unfortunately, banks make the process of financing one’s business so difficult. There’s a plethora of forms, no consideration for bad credit, and the process is time-consuming. Luckily, there are lenders out there like REIL who make the process easier. REIL prides itself on a quick and efficient process. Some small businesses have been funded in less than 24 hours!
Here are a few of the reasons why small businesses get financed with REIL below:
To Purchase Inventory:
Many small businesses seek funding to increase their inventory. Some small businesses are seasonal, requiring different amounts of inventory at different times of the year. If a business makes most of its sales during the holiday season, it would want to purchase more inventory prior to the holiday season. The small business would apply for funding and receive options of rates despite bad credit scores and deals from various lenders. However, the funding is generally short-term for purchases like these. This makes it easier for companies to pay the funding off with the proceeds of sales from their seasonal sales.
To Increase Working Capital:
What is working capital? Working Capital is the money any business uses in its day-to-day operations. Small businesses need working capital to afford their daily operations. Financing is a great way to get your business off the ground and have a cushion until your earning assets cover your working capital needs. As your business grows and its assets increase, repaying the funding is simple. Working capital is a great investment, as it can help your business in every aspect whether it’s with inventory, equipment, marketing, etc.
To Purchase Equipment:
When it comes to equipment, businesses have choices. The small business can either buy or lease a vehicle. There are many good reasons to seek funding to purchase your equipment. Equipment is not only an asset but is usable for life and can be resold at salvage value. REIL even has a specific product for it, called Equipment Financing. In order to know whether it is best to use your funds to buy or lease equipment, speak with one of our REIL representatives for proper advice and suggestions.
REIL Capital
Funding is essential for small businesses today. The possibilities are endless. It is always great to have a cushion to grow more, produce more, and profit more. Get the financing you need prior to when you want to use it! Most importantly, use the funds to increase your overall profits! Funding is a great way for small businesses to grow and increase their overall profits for the future. Unlike a bank, REIL does whatever it can for our clients with poor credit and payment history. We are always working on a solution. Apply today with our commitment-free application: www.reilcap.com
