From Struggle to Success: The Working Capital Loan That Transformed a Business

By Stephanie Richards, CLFP| Dec 12, 2023| 522 Views
3 MIN
From Struggle to Success: The Working Capital Loan That Transformed a Business

For small business owners, time is crucial. Growing your business is a dream, but it brings financial challenges. Scaling up becomes harder, and keeping a steady cash flow feels almost impossible. That's when a working capital loan becomes a beacon of hope.

Beacon Funding understands these challenges and provides swift solutions. Getting a working capital loan allows you to get extra cash to run your business within 24 hours.

In this article...

  1. What is a Working Capital Loan?
  2. How You Can Use a Working Capital Loan to Grow Your Business
  3. Other Businesses Have Found Success Too

In this article, we break down what a working capital loan is and how your business can benefit from it.

What Is a Working Capital Loan?

Features of the loan

  • Up to $250,000: Providing substantial support for various business needs.
  • Works Across a Variety of Industries: Tailored to suit the diverse needs of different business sectors.
  • Quick Approvals, Fast Funding: With Beacon Funding, you can receive funds the same day you apply.
  • Fast & Easy Renewal Process: Ensuring ongoing support for your business.
  • Qualifying Criteria: Up to 8% of annual business revenue, with conditions including a minimum of one year in business, a FICO score of 575+, an annual revenue of $150,000, an average bank balance of $1,500, and open liens of less than $175,000.

Real Life Example

Problem

A business faced a significant challenge—consistent, rapid growth drained their finances, taking a full year to replenish their cash reserves, causing strain on their working capital.

Solution

Opting for low monthly payments, they strategically boosted their working capital, leading to impressive growth over the past few years.

Result

Business expansion became a reality. With Beacon’s support, they not only preserved more working capital but also expanded their team, marking a remarkable milestone in their business journey.

How You Can Use a Working Capital Loan to Grow Your Business

  • Launching New Projects
  • Purchasing Materials
  • Reconciling Accounts Payable
  • Accounting for Unexpected Expenses
  • Expansion Initiatives
  • Daily Operations
  • Supplies
  • Essential Repairs

Fast Approvals

The application process is streamlined- Apply in a few easy steps:

  • Fill out this form.
  • One of our financing consultants will get in touch with you to understand your needs.
  • E-Verify your bank statements- no paperwork making this process.
  • Your application will be reviewed- check out our approval criteria here.

The application process is easy so you can get approved and receive funds within the same day as getting approved.

Other Businesses Have Found Success Here Too!

In conclusion, Beacon Funding's working capital solution provides an optimistic path for businesses to conquer equipment financing challenges and attain robust growth. Unlike traditional lenders with stringent restrictions, Beacon Funding offers an easy application process, delivering funds within 24 hours. Embrace the transformative potential of a working capital loan and pave your way from struggle to success.

 Stephanie Richards, CLFP
Stephanie Richards, CLFP

P: 847.627.1614 |  ESchedule A Meeting with Me

Stephanie is a Certified Lease and Finance Professional (CLFP) that started with Beacon as a Business Development Consultant in 2012.



12/12/2023