A small business loan can help your business succeed now and in the future

A small business loan can help your business succeed now and in the future.jpeg

Small businesses are the lifeblood of the American economy, and no one knows better than an independent business owner how much work goes into running a successful business. Even when your business is thriving, maintaining a steady cash flow can be challenging. We all know how difficult it is for small businesses to succeed, but were you aware that 50% of small businesses fail after five years, while 30% close in the 10th year of business? 

Working capital can make the difference between success and failure

If your business is going well and your revenue stream is strong but you are lacking capital, an unexpected expense or a price increase from one of your vendors can send you reeling. Businesses that are cash flowing but lack capital are much more likely to fail. Capital is necessary to keep businesses from stagnating and losing steam. If you run into difficulty, capital funding can help you to avoid the fate of 50% of small businesses that fail after five years. 

A small business loan is an effective way to smooth out the highs and lows that are a part of small business cash flow and begin to build your profit and growth levels. Working capital is one of the most important building blocks of any successful business, no matter the size. And with a strong balance sheet your cash flow irregularities become less impactful on the overall health of the business.

Excess capital can make a positive difference for your small business

Equipment needs and production costs, along with marketing and advertising expenses, never end when you own and operate an independent small business. If you are looking at a small net gain at the end of the month, there is no possibility of investing more in your business and keep it growing. Constant investment and improvement of business processes will allow you to consider expansion or equipment upgrades that will further strengthen your company's financial health and future.

Are you a small business owner looking for a way to get out from underneath your bills and expenses? Contact LVRG today to learn more about how capital funding can help you stabilize your cash flow and take your business to the next level. We specialize in working with small businesses such as salons, spas, craft breweries, and manufacturers and would welcome the opportunity to work with you too!