Going into business for yourself is no small feat, don’t let lack of resources inhibit growth or hold you back!
According to Forbes, Atlanta is the 9th ranked on the list of “Best Cities for Business”, and the number one destination for business in the Southeast. If you are one the thousands of Atlanta entrepreneurs in who traded in a nine to five, then you know running a small business is even more than a full-time job. Learn why business loans could be a good way to revolutionize your business and drive serious revenue.
You need adequate inventory levels, especially if you see seasonal spikes
If you own a retail business in Atlanta, then you know inventory is like liquid gold. Backorders and out of stock items can cause your customers to feel frustrated, and ultimately hamper the growth of your business. It can also cost you even more money if you can’t properly stock for seasonal business. The simple fact is you need inventory to create revenue, but you also need to be mindful of how it can best impact your sales in any given quarter. Truth is though, that inventory purchases require a hefty influx of cash. If you lack the liquid capital to purchase substantial inventory, business loans could be a good option.
You need staff, to help you manage your time more efficiently
If you’re running your small business with a small team, chances are you are not paying attention to the things that really matter, like your bottom line. Atlanta is full of talented individuals who would love the experience of working for a small business and the holiday season is a great time to find these people. Use a small business loan to hire staff during the holiday season and experience elevation in your efficiency. The business loan can float your payroll during this high demand season. This is a strategic way to transition into increasing staffing and growing your company long term.
You need up-to-date equipment to stay competitive and relevant
If your equipment could use an update, but you currently can’t afford the capital needed to invest, business loans can help. In fact, it is not uncommon to use funds from a small business loan to make equipment upgrades and improvements. This can be anything from a new POS system to a more efficient vehicle fleet. Atlanta based company Financing Your Way partners with a network of lenders to ensure you receive a great offer for the goods you need with fair terms.
If you are ready to take full advantage of the thriving business climate in Atlanta, contact Financing Your Way today for more information on how funding can grow your business!