by J. Tol Broome Jr.
60 September 2013 | beautystorebusiness.com
WORKING CAPITAL IS THE LIFEBLOOD FOR MOST
small businesses, but it can be elusive. Business owners usually
struggle to provide enough equity from their own funds,
trade creditors have limits on terms and banks are often
reluctant to provide open-ended lines of credit based solely
on the strength of the business and its assets. Yet, working
capital is absolutely critical to funding growth, as well as
seasonal needs to ramp up assets that often arise during
certain times of the year for a typical beauty store.
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Need a line of credit? Try
the U.S. Small Business
Association's CAPLine.