April has arrived and winter is finally behind us (hopefully). This was one of the harshest winters for most and you might have seen that the weather slowed down your business more than usual. Each business is unique and has different needs.
With a tough winter, you might be worrying about having the capital you need to really get your business where it needs to be for the second quarter. If winter is your strongest season you are probably trying to figure out how to survive during the spring. Whatever your situation may be you have a few options as a small business owner when it comes to accessing capital. You can apply for a working capital loan *and you can even use a financing option to lease necessary equipment.
Let’s break down these options so you can figure out which one will benefit you the most:
– Working Capital: This option provides you with money that you can use to invest in your business. This investment can range from hiring new employees to buying more supplies and even to marketing your business. This is a great option to help your business expand its reach during this quarter to help make up for the harsh winter.
– Leasing Equipment: Are you looking to upgrade your equipment like restaurant equipment, computer equipment, machine tools, commercial vehicles, etc.? The winter probably didn’t supply you with the revenue you needed to upgrade your business. By leasing equipment you can acquire low payments and keep your credit line open to use it in other areas of your business. Leased equipment is also tax deductible so it will save you even more money than buying the equipment.
Which option do you think best suits your needs?
Direct Capital has been helping small businesses like yours for more than 20 years. We know that you want the information at your fingertips.
*Working capital not available in the following states: AK, DE, ND, VT