Financial capital is an essential but often elusive aspect of running a business. Capital is beneficial on several levels. The obvious is to meet overhead, such as lease payments, utilities and payroll expenses.
However, cash is also leverage to grow your company in ways not otherwise possible. This may be in direct ways that increase revenues, or indirect means that cut costs or taxes.
- Supplier discounts for bulk purchases
- Seize growth opportunities
- Increase productivity with upgrades to personnel and equipment
- Reduce or eliminate interest expense
The challenges to obtaining a business loan can equal the benefits. In particular, startups and new companies often don’t meet the rigid criteria of banks.…Continue reading