- February 28, 2017 at 2:37 pm #73073
Do you have an information on inventory that need to be purchased but is imported with a 90 to 120 lead time. Sales would not start until after that material is received here in the states so the payments I read on your site could not be made out of current cash flow. Do you have a product that will help in that scenario? If you need further information, please let me know. Thanks, JeffJuly 17, 2017 at 9:32 pm #92008
It might be good to look into a business line of credit. These short-term loans give you the chance to draw on your credit line when you need it and repay it in installments between 6 – 12 months. Two of our preferred partners are Kabbage and OnDeck, which you can read more about here.
You might also be able to float your inventory costs with a credit card by making minimum payments until you receive cash from your customer. You can check out our list of best business credit cards for more info.
These might be your best two short-term options for floating inventory with a ~120 day lead time.
Hope this helps.