Are you in need of operating capital but aren’t able to obtain through your bank? Since April of this year, we are seeing more companies in need of capital. Let’s review some of the basics.
First things first: what is operating capital anyway? How does it differ from working capital? Our team hears these questions time and time again in conversations with our customers. Simply put, operating capital and working capital are actually one in the same. Operating, or working capital is cash available to companies when they need it, for virtually anything. Think bridging receivables, inventory, marketing, renovations, operating, or any other way you could use it to grow your business!
In our current climate, businesses need to be extremely creative. Regardless of careful planning, they sometimes find themselves in a bind when it comes to cash flow. That’s why we’re excited to share this exciting news: KLC now offers operating capital to be a full financial provider for our customers. Transactions typically range from $10,000 to $250,000. Credit decisions occur same day, with cash available for deposit as early as tomorrow. We are here to make financing fast, easy, and flexible for you!
We will work with you to find the best terms and pricing that align with your need(s). Operating capital solves a wide variety of needs for a wide variety of companies. Read on for some examples of recent operating capital examples:
These businesses grew and expanded in ways not possible had it not been for operating capital. In these cases, these companies used operating capital in really smart ways to hire additional staff, obtain necessary equipment, and cover costs for future projects.
What does an operating capital deal actually look like at KLC? Recently, KLC Team Member Mike Sulava helped to close a deal for a customer in the technology space. The customer needed the funds for a short period to help them with a contract they just won. We provided them $150,000 over eight months. The ROI was there, it made sense for the customer, and the turnaround time was 48 hours from application to funding! We are proud of the quick turnaround time, and the customer was thrilled with the results!
If you or your clients are seeing this as a need and are having a tough time acquiring operating capital through your normal channels, please reach out to us. Get in touch with Mike Sulava today to find out how.
What is operating capital
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