Unlock Your Growth Potential With Working Capital
How can you bankroll a new project when you need to stay lean during turbulent times?
The answer is working capital. In this eBook, we’ll explore:
What's working capital and why you need it
How to calculate how much working capital you need
How to secure working capital to get the job done
What’s Really Holding Your Business Back
It’s difficult for small business owners to hold onto cash when they need to operate as lean, mean small business machines. Not to mention, the following factors have a huge impact:
Late Payments
64% of small business owners are affected by late payments. Late payment is tough in normal times, but especially when times are tough.
Bank Loans
It’s not always easy to get a bank loan. Banks typically want equity as collateral, usually in the form of cash. And approvals can be slow.
Cash Flow
It’s a struggle to find the cash to fund new projects when you didn’t get paid for the last project you worked on.
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Don’t let a lack of cash hold you back
“The thing holding many small service-based businesses back from growing is cash. If they had more cash, they could take on more work and grow faster. But, getting a bank loan when they’re growing is very difficult because they don’t have cash, yet the bank wants to see cash reserves. It’s a horrible catch 22.”
Greg Powell
Head of Product Marketing Fundbox
