We Make Working Captial Possible

“Working Capital has been a great product to offer our customers. The capital allows them to say ‘yes’ to additional projects, hire employees, offer training, and more, versus passing on opportunities due to not having the cash readily available,” said Tatum Noreen, CLFP and Inside Sales Manager with Oakmont Capital Services.

What is Working Capital?

Working capital is a rapid means of acquiring cash for your business, providing access to funds that might otherwise be unavailable. This short-term financing solution is a valuable tool for managing cash flow, handling unexpected costs, and taking advantage of growth opportunities. Best of all, once you have your funds, there’s no paperwork or hassle involved—just straightforward financial support when you need it. Working capital is short-term money that will help your business grow.

Access to Working Capital Equals Small Businesses Success

According to Pathward, “small businesses face cash flow challenges and struggle to access capital, impacting their ability to meet business goals.” Financing often plays a crucial role in the success of small businesses; in this case, working capital, or growth capital, can help ease cash flow challenges.

When financial support is strained for a small business, it can significantly impede its ability to achieve business objectives, including but not limited to hiring additional employees, expanding operations, promoting the business with marketing for advertising efforts, and more. By applying for a working capital loan, businesses could reduce or eradicate cash flow issues during downtime or when needed.

The Pathward study’s survey indicates that 77% of small businesses had just enough cash to remain operational, while 56% anticipate needing funding in the coming year. This extreme lack of funds can lead to several problems that businesses may encounter.

Lack of funds leads to:

• Delaying expansion (48%)
• Not able to finance an opportunity (25%)
• Reduce staffing (22%)

When Business Opportunity Knocks

The Account Management team recently worked with a repeat OCS customer who previously secured several equipment finance loans but required growth capital to pay down some past-due receivables while continuing to grow their business by accepting new projects. This small business had been on a growth trajectory for a decade and realized that working capital could help them reach the next level faster. Partnering with an OCS Account Manager, they were quickly approved for a $100,000 working capital loan, helping them meet their business goals.

“Working capital is also a great product when receivables are coming in slower than expected; the funds can allow customers to continue moving forward with the next project and stay on schedule. It’s all about the return on their investment if the profit for what they are saying yes to is greater than the cost of funds – it’s a no-brainer,” added Tatum Noreen.

The Working Capital Loans Process with OCS

Oakmont Capital Services offers working capital loans to help small businesses with growth opportunities, starting at $10,000 and up to $250,000.* The application process is quick, and our Account Management team will be with you step-by-step the entire time, from the application submission, through asking for 3 months of bank statements, to quoting terms and answering questions, through final funding, and beyond. Much like our equipment finance loans, the working capital process is streamlined using the latest technology to get you the funds you need (quickly.) Our team is there long after the transaction, working with you to bring your future business goals to life. Businesses can work with OCS to grow their company while maintaining liquidity, efficiency, and financial health.

For questions, or to get started, contact our Account Managment team at accountmanagers@oakmontfinance.com.

*Terms based on credit approval and subject to change.