If you are a business owner, it is very likely that your business has experienced a sales slump at some point in its lifetime. Some of these slumps may even be seasonal and have a predictable “slow” time of year. The good news is that maxing out credit cards or taking out a second mortgage doesn’t have to be the answer to getting through the downswing.
By using the assets your company already possesses, you are able to create working capital for your business to thrive and grow. SouthStar Capital offers the alternative financing solution of Asset Based Lending.
Where SouthStar Can Step-In
Asset Based Lending can create working capital using your business’s assets from accounts receivable, equipment and inventory. SouthStar will help you get the funding you need in just 2-5 days, so you can solve your immediate cash flow needs. Asset Based Lending provides a revolving line of credit, so you have access to as little or as much capital as soon as you need. The funds are sent directly to your bank account, allowing you to have control over exactly what the capital is used for.
One Less Thing to Worry About
Being worried about your company’s cash flow is already stressful enough, without having to worry about qualifying for funding. SouthStar has an easy application process that is not based on your credit score. Since we will be funding based on your business’s assets, we are less concerned with your personal credit, or the strength of your balance sheet.
Over the Slump, Now What?
Asset Based Lending is a great way to use your assets to your advantage, especially during seasonal slumps or downswings. But what about when you’re back into busy season? Even while having sufficient working capital, Asset Based Lending can help take your company’s growth to the next level. By using your assets to create cash flow, you are able to take the contract you would of had to turn down, hire the new employee you really need, or increase your marketing budget to grow your brand. These are just a few of the opportunities your company could achieve by adopting the process of Asset Based Lending.