How to Use Working Capital
At NCMIC we hear from successful D.C.s every day who leverage working capital loans for a variety of reasons. Below are some common business uses.
Bridge Delays in Collecting Account Receivables
Depending how you bill, delays are common in receiving cash for your product or service. This can be due to insurance reimbursements or past-due payments from your customers. Working capital loans can help in these instances.
Working capital can be used to restock existing inventory or purchase new products to sell in your practice.
Local advertising, event sponsorship, direct marketing campaigns, signage and other return-on-investment opportunities are common uses of working capital.
Hiring & Employees
Cash from working capital loans can be used for human resource expenses such as hiring bonuses, employee events, career fairs and more.
Office or Business Growth
If it's time for a physical expansion of your office or a remodel, you might consider a working capital loan to fund your growth.
Whether your taxes are due on a quarterly or annual basis, working capital is an option to bridge those cash flow requirements.
Unexpected Expenses & More
As a business owner, any number of expenses can creep up from time to time. Because working capital loans can be used for any business expense, it provides the necessary flexibility to keep your practice up and running without interruption.
Working Capital Loans
Call a financing specialist at 800-396-7157, ext. 5130