Specializing in small business loans for EQUIPMENT & FURNITURE WHOLESALERS
No Personal Guarantee & No Collateral Required* Quickly Get Funded Within a Few Days Past Credit Issues May NOT be a Problem Approvals Within 24 Hours, See How Much You Qualify For, *Available on certain programs
SMALL BUSINESS LOANS FOR EQUIPMENT & FURNITURE WHOLESALERS
Currency fluctuations for importers and wholesalers of equipment and furniture is an uncertainty that impacts the price paid for goods. While higher US dollar exchange rates against foreign currencies provide more purchasing power for US firms importing goods from manufacturers in other countries, lower US dollar exchange rates can lead to increased costs of goods purchased.
A Virginia based forklift wholesale company was looking for a small business loan to increase efficiency within their warehouse of office equipment and furniture business. Being able to move more boxes faster onto delivery trucks would increase inventory turnover.
Our wholesale finance specialists flew down to Virginia and inspected the warehouse, reviewed inventory, and evaluated the business. Within 3 weeks of walking through the warehouse, meeting with the business owner, and financial controller providing the required information for the business loan application, this wholesaler was approved for an accounts receivable loan for $500,000 to purchase 8 new forklifts.
As a result, the business owner was able to bid for a larger contract. Due to the modern fleet of forklifts, the furniture wholesaler was able to secure this $100,000 contract with a Washington DC based legal corporation.