Inventory Loans
A business requires a loan for a numerous reasons. Whether it’s for expanding your business or to purchase additional inventory and equipment, fast access to a business loan can help stimulate business growth and keep your business thriving.
What Is An Inventory Loan?
Seasonal Inventory
To avoid running out of inventory during peak season, inventory loans allow businesses to attain the supplies they need to keep up with fluctuating periods of demand in their industry. Inventory loans can help a business take advantage of busy seasons so they can survive through the slow seasons.
Short Term Inventory
Some businesses in certain industries need to acquire a product that has a short shelf life. These products will need to be acquired, shipped and sold within a short time frame. Inventory loans are designed to cover these situations so businesses don’t miss out on short-term opportunities.
Unsecured Inventory Loan
An unsecured inventory loan will have a shorter overall term with no collateral requirements. It’s important to maximize your working capital because the market is always changing and new and improved products are created every year. Unsecured inventory loans are designed with this in mind, ranging from 6 to 18 months.