Working Capital Financing
Cashflow is the lifeblood of a small business, and managing it can be a challenge, no matter how healthy the business. When vendors are taking their time to pay you, and unexpected expenses crop up, having working capital on hand is critical.
Sometimes the need for working capital is expected. Businesses that do not have reliable and constant daily inventory turnover, such as seasonal businesses and heavy equipment businesses, know that cashflow will often be short and can plan ahead. But more often business owners of all industries run into unexpected situations where cash on hand is a lifesaver.
An OnDeck, we have delivered hundreds of millions of dollars to businesses owners to use for working capital. Our customers use these funds for buying inventory, taking advantage of opportunities, handling emergencies, repairing equipment, managing payroll, and much more.
You never know when unexpected opportunities or costs will occur. It’s always wise to have funds available to protect your business against circumstance.