Ever been tied up for money and couldn’t obtain a loan? Have you been trying to start up a new business but didn’t have the resources? Sick of waiting around for a pay day? If so, you are not alone. Millions of people in the United States are suffering economically, especially corporations, but that doesn’t mean you have to accept it. There are ways to obtain working capital for your business needs. But what exactly is working capital?
Working capital is defined as the difference between your liabilities and your assets. Basically, the amount of liquid funds you have at your disposal. Everyone needs working capital to stay afloat, whether you are dabbling in entrepreneurship for the first time or have amassed a world-wide company chain. The amount of working capital at your disposal influences your business’ ability to meet both short and long-term demands, pay back debts, and remain in profit.
Some companies require more working capital than others, but it’s safe to say that if you’ve got a business, no matter what kind of products you offer, you need liquid capital and you need it readily available. But if you’ve recently paid off a big loan, are tied up in a lawsuit, or are facing a foreclosure, chances are the amount of working capital you have isn’t going to be expansive.
That’s where we come in. The OCM Financial Group can work with you to find a flexible and creative solution to your financing needs. If you need cash now, we can provide it. Whether you are a seasonal or cyclical corporation, are rebuilding your brand or are starting fresh, let us help fund your imagination and help your business grow.