Are Working Capital Loans a Good Idea for Your Seasonal Landscaping Business? [Case Study]

By Beacon Funding| Feb 2, 2024| 227 Views
3 MIN
Are Working Capital Loans a Good Idea for Your Seasonal Landscaping Business? [Case Study]

Does your landscaping business face a significant drop in cashflow during its off-season?

If you answered yes to this situation, then a working capital loan may be a solution for you. This loan can be a strategic tool to manage your cashflow.

In this article, we go over an example of how a working capital loan was able to help a landscaping business with seasonal high and low periods overcome their cashflow woes.

In this article…

  1. Are Working Capital Loans a Good Idea for Seasonal Businesses?
  2. Examples of What You Can Spend Your Working Capital On
  3. $80k in Working Capital: How a Seasonal Landscaping Business Grew in Their Off-Season
  4. Does Your Seasonal Business Qualify for a Working Capital Loan?

Are Working Capital Loans a Good Idea for Seasonal Businesses?

Absolutely! If you need cash fast to support your business, then a working capital is a feasible tool during your off-season.

You can use the funds to cover upfront costs, ensuring you’re well-prepared for the upcoming slow season. These loans provide the extra financial push needed to stock up on inventory, hire staff, or ramp up marketing efforts when your business is in full swing.

And because Beacon Funding understands your seasonal business needs cash sooner than later, it’s possible to get the funds you need into your account the same day you apply!

Additional Features of Beacon Funding’s Working Capital Loan

The flexibility of working capital loans make them well-suited for seasonal businesses.

  • Qualify up to 8% of your annual business revenue
  • Works across a variety of industries
  • Quick approvals, fast funding
  • Fast & easy renewal process

APPLY FOR A WORKING CAPITAL LOAN NOW

Examples of What You Can Spend Your Working Capital On

Launch a new project Purchase materials Clean accounts payable Pay unexpected expenses
Expand your operations Keep your daily operations running Purchase materials Afford essential repairs

 

$80k in Working Capital: How a Seasonal Landscaping Business Grew in Their Off-Season

Beacon Funding recently helped a landscaping business that was struggling to cover payroll and hiring expenses in their off-season. The business was able to overcome these problems by securing a $80,000 working capital loan.

The Problem

A seasonal business faced a drop in cashflow during their off-season.

The results

After pumping $80,000 into their business, the landscaping company was able to not only address their payroll woes but also hire more staff.

Does Your Seasonal Business Qualify for a Working Capital Loan?

If you’re interested in learning more about how working capital can benefit your business, see if you qualify for one.

SEE IF YOU QUALIFY

If you see your business matching the criteria, Beacon Funding’s application process is fast and easy so you can receive funds within the same day as your application.

Beacon Funding
Beacon Funding

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Since 1990, small businesses nationwide have been able to grow with fast affordable equipment financing from Beacon Funding.



02/06/2024