Merchant Cash Advance
When Growth Causes a Business to Stagnate
In the first few years of business, things went well, The company experienced serious profitability and exceptional growth. It had moved from having a single truck to six of them and the staff grew to over 10 people after starting with only two.
However, with success comes other issues. The operation had reached its capacity. Growing any larger and finding success would be impossible without bringing in some form of financing. It seemed the only choice was to research the options and see what was possible.
The Funds Needed to Drive Toward Success
The expansion for this phase of the business was going to be a serious one. To begin the process, the owners sat down and went over all of their wants and needs. They challenged each other and meticulously broke things down to determine how much money would be needed for the things they saw as essential.
Expanding through new trucks, equipment, and employees was going to be expensive. However, in the end, it was decided that $500,000 was needed to move forward. Despite the substantial figure, they pressed on to explore whether it would be possible to secure financing that could effectively help them meet their needs.