Inventory financing allows you to use inventory in your warehouse to finance your next batch of inventory before your current inventory is sold. It is a less costly solution for your business than raising equity capital.
Inventory financing for consumer goods provides you with a business line of credit that allows you to take short term loans for the amount you need at the time you need it. Online lenders offer this type of financing for consumer brands that need short term loans that will be drawn against and re-paid as needed.
An inventory loan may be exactly what you need if you’re a retail or product-based brand that’s looking to grow. The simple truth is this: you need to be selling product to pay for your business expenses and keep a steady cash flow stream. Even if you’ve had a bad experience with traditional lenders, inventory financing companies might be just the solution you’ve been searching for.
Small business inventory loans can offer business owners quick cash to help them prepare for the future. If any of the following describe your financing needs, an inventory loan might be a viable type of financing for you to consider.
At the end of the day, a short term loan based on inventory collateral can help you adapt and be flexible, so you’re ready for the next opportunity the second it comes along. Using the value of your inventory to secure additional funding is a newer, convenient, alternative way to grow.
Inventory lines of credit can offer emerging, growing brands the continuous capital they may need to get to the next level. When you can eliminate the worry and stress of not knowing if you have enough inventory on hand to satisfy demand, you’re left with the time (and head space!) to focus on other aspects of your business.
Even if your credit score isn’t top-notch, or if you’ve been roadblocked going the traditional small business loan route, or if interest rates scare you, inventory lines of credit can give you the game-changing amounts of money your business needs to not just survive, but to thrive.
Ready to get started with a financing company that specializes in inventory loans? Apply now and start making your loan work for you in just six easy steps. You’ll have the improved cash flow you need to change your business forever.