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The United Capital Source Business Journal

You may have heard that factoring has a bad reputation. That it’s the small business loan of last resort for failing companies. Well, you aren’t failing. You just need more money right now to boost your furniture wholesale business. More money than you have on hand. Should you pursue accounts receivable factoring?

Women who go into business for themselves often face unique challenges, including obtaining the much-needed capital to cover startup costs. Many turn to personal savings and relationships for financial support. That’s according to a recent Babson College and Baruch College annual survey named the Global Entrepreneurship Monitor that surveyed 5,944 individuals between the ages of 18 to 74 about trends concerning women entrepreneurs. The study found that startups operated by women took on average $10,000 in capital. While some women reported that they needed half that amount to get started because they intended on borrowing from friends and family.

Timing is everything. You hear this expression often. But for restaurant bar managers, it is the simple truth. Running out of inventory kills sales. And it can damage your reputation. Overstocking inventory kills your cash flow. That can damage your ability to pay ongoing bills or invest in growth opportunities. The right small business loan can keep your inventory flowing smoothly. Even if you have bad credit.

Getting a small business loan to buy a vehicle is relatively easy; getting small business loans for car dealerships can be difficult. If you are in the business of selling cars to others, then you can easily understand the costs of being in this industry. Purchasing quality cars to sell, paying a team of mechanics and salespeople to keep new inventory moving, and dealing with the overhead of maintaining an appealing lot for your dealership all take a great deal of working capital. According to the National Automobile Dealers Association (NADA), total dealership sales reached a whopping $862 billion last year, and the average dealership payroll was $3.8 million. There’s certainly money to be made in this competitive business. 

Being in the restaurant business is no easy feat. There’s competition everywhere, and regulations make it increasingly difficult to keep the doors open. But when the restaurant is packed with loyal patrons and the air is filled with culinary delights, there’s nothing else like it in the world.

Were you aware that by the year 2018, women-owned businesses will produce one in three new jobs? Currently, 30% of the American market is dominated by female entrepreneurs, and this number is growing daily. Women Impacting Public Policy (WIPP) estimates that as of 2015, there were, “9.4 million women-owned businesses in the United States, generating over $1.5 trillion in revenues.” That’s a huge impact on bettering the lives of many working women around the nation, and providing more career options for the youngest generations entering the workforce.