Sometimes a slow economy can give your company the added burst of motivation that you need to shake things up. Instead of making you complacent, a slow economy can actually be a good thing. It can motivate you to make needed changes—whether that means eliminating unprofitable products, or creating a leaner organization, or investing in new growth opportunities.
No single business owner can control the vagaries of the global economy: All small businesses are affected by larger forces that are beyond any individual's control. But all business owners have the power to control their attitude, their strategies, and their level of focus and effort. Even in a slow economy, you can find ways to think creatively about your business and keep trying new things—and help your sales keep growing. HUSTLE!
Here are a few small business funding options to get you through:
- Small Business Line of Credit - A small business line of credit provides flexibility that a regular business loan doesn’t. With a small business line of credit, you can borrow up to $100,000 and pay interest only on the money borrowed. You then draw and repay funds as you wish, as long as you don’t exceed your credit limit. Need to manage cash flow? Buy inventory? Pay for a surprise expense? Then a business line of credit makes sense. LEARN MORE
- Small Business Cash Flow Loans - Type of debt financing, generally for working capital, using the expected cash flows that a borrowing company generates as collateral for the loan. You’re essentially borrowing from cash that you expect to receive in the future by giving the lender the rights to a predetermined amount of these receivables. Get up to $2 Million in as little as 24 hours, regardless of credit! LEARN MORE
- Small Business Term Loans - Small business term loans can get you the money you need to bridge cash flow gaps, handle emergencies and unexpected expenses or take advantage of a business opportunity. Funding amounts from $15,000 to $1 Million and terms of 3 to 48 months, a term loan from LVRG is small business capital for big business growth. LEARN MORE
- Small Business Working Capital Loans - At any stage of growth, fast, flexible funding is essential to the continued success of your small business. Our working capital loans feature 6 to 18 month terms and fixed payment options to accommodate your specific needs, so you can focus on what you do best, running and building your business. LEARN MORE