Working capital financing are a great way for businesses to generate capital so that they can grow. Every type of business at one point or another has tried to grow. Most of the revenues from a company are used to pay short term operating expenses such as salaries and inventory leaving little money left for investment and growth.
Working capital financing are often short-term in nature and are used to pay for operating expenses so that a company can invest in future growth. What type of business would benefit most from a working capital financing?
While just about every business across the economic landscape can benefit from a working capital financing, some types of businesses benefit more than others. Typically, those businesses that require a large investment in inventory, are project-based or have large receivables do well.
While the team at Zip Capital Group can work with a business in just about any industry, we find that businesses in the following industries tend to do well with working capital financing:
- Wholesalers and distributors
- Auto repair
- Beauty and salons
- Hotels and motels
- Nightclubs and bars
- Liquor stores
- Medical offices
- New and branded car lots
- Retail stores
- Trucking services
While most of the industries listed above have a local or regional focus, wholesalers and distributors may service regional, national or international customers. Additionally, businesses in these industries require large investments to first, open the door and secondly, to keep the doors open every day.
If you are a business in any of these industries or not, Zip Capital Group can help you with the working capital needs. Contact us today to discuss your unique financing needs and how we can help.