Fit Small Business: Get Your Business Into Shape! › Forums › Small Business Finance Forum › Want to secure a working capital loan — blanket UCC filing. › Reply To: Want to secure a working capital loan — blanket UCC filing.
Businesses that sell products need inventory in order to get more sales and make more money. If inventory is part of the collateral you’re using to secure your loan then there will be conditions from your lender. Sometimes you’ll be required to notify them if your cash gets below a certain point and others will require you to keep your inventory levels at a certain amount. Inventory will be discounted greatly when it’s being used as collateral. You can also check out inventory financing and equipment financing as two options to fund each of your two needs. Good luck!
- This reply was modified 3 months, 4 weeks ago by Jeff White.