Common Uses
What businesses use funding for
- Inventory
- Buying stock ahead of a season or a sales opportunity, without waiting on cash to free up.
- Payroll and operating expenses
- Covering day-to-day costs during a slower stretch or between receivables.
- Expansion
- Opening a new location or adding capacity without a lengthy bank approval process.
- Equipment
- Repairing or replacing equipment that's directly tied to revenue.
- Marketing
- Funding a campaign or seasonal push ahead of expected demand.
- Renovations
- Updating a space without draining working capital.
- Seasonal cash flow
- Bridging the gap between slow and peak seasons.
- Contract and project expenses
- Covering costs before a project or contract pays out.
- Unexpected business expenses
- Responding to something that couldn't be planned for.
- Purchasing opportunities
- Moving quickly on inventory, equipment, or a deal with a limited window.