Last Updated on August 10, 2022 by
Different businesses have credit requirements as per their specific needs and that in turn depends on the industry segment they belong to. For instance a trucking business has its own requirements based on the nature of services they offer. A landscaping services business on the other hand has its own peculiarities one of which is that most of the activity takes place in the summer months. At another end of the spectrum, liquor stores have their own challenges to deal with in the same way that a doctor’s office faces its own challenges. Finally, all businesses, big or small, must have access to business funding not just to manage routine expenses but also to fund expansion and growth.
There is an endless list of small business segments that face challenges in getting the much-needed business capital loans that they need at different points of time. Here’s a look at the scope of funding for a few of these business segments.
Funding for trucking businesses
Depending on the size and scale of your trucking business, your funding requirements will arise accordingly. One is for meeting working capital shortfall and the other is for fleet or unit expansion. Whether you own a fleet or just one or two trucks there are enough alternative funding sources available to provide you the necessary credit without hassles to expand your assets.
Easy cash advances for liquor stores
Liquor stores are considered to be in the high risk category by traditional lenders but the risk perception changes when you approach an alternative lending agency. Here, a lender is mainly interested in your profitability and consistency in your cash flow. That gives them the confidence that you will be able to return the loan with interest on time.
Funding for landscaping businesses
There is a great deal of similarity between the operations of landscaping firms and construction industry contractor firms. The peak times of business in this industry are the summer months. The funding requirements can range from quick cash advances for meeting working capital shortfall to secured loans for purchasing equipment. Alternative business funding agencies provide hassle-free cash advances or easy funding through invoice factoring.
Funding a doctor’s office
The cash flow challenges in a doctor’s office are substantial especially when you consider that their revenue comes from insurance reimbursements, patient deductibles and co-pays. Such payments are tied up to the turbulent relations that most patients have with their insurance providers. It often takes a month or longer for the payments to come and there are multiple such payments to contend with. To meet working capital or payroll fund requirements, a doctor can choose easy and hassle-free small business funding from alternative credit providers.
Alternative Funding Group is a leading provider of easy credit to small businesses across the United States. Small businesses are a neglected sector in terms of access to credit and this gap is being filled by the growing numbers of alternative lenders. Their risk assessment is designed to accommodate the realities of the small business environment but they also know how to identify the right businesses to fund.
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