The #1 Thing You Need to Make It in 2019
You want a good 2019 for your business. You need money, first. Profits, obviously; but we’re talking cash-on-hand, the green stuff required to get take your business to the next level—or bail it out of certain disaster. We all know the saying, “You’ve got to spend money to make money,” so let’s talk about what you need, why you need it, and how to get it. Let’s talk about a line of credit.
In the financing industry, we often talk about how lines of credit are perfect for when business conditions change. Well, what’s a bigger change than starting a new year? If you read through our New Year’s Resolution article, you may have gotten some ideas on areas to focus on for your business in 2019. You may also have some ideas of your own, such as delegating more. As a small business owner, you are probably used to doing nearly everything yourself: stocking shelves, managing payroll, acting as human resources, planning the marketing, buying inventory, you name it. Wouldn’t it be great to take some of the load off yourself in the new year? You could consider hiring on a capable office manager, but that’s going to cost a lot of money if you want someone who really knows what they’re doing. Plus, you might be in the precarious position that many small business owners find themselves in: Barely being able to make payroll as it is, let alone adding staff so you can focus on running your business rather than stocking your shelves. That’s where a line of credit comes in.
Simply put, a line of credit is an approved loan that restaurant and small business owners can dip into as the need arises. This means you can pull funds only when you need them, paying interest on just what you withdraw—not the entire loan amount. At ARF Financial, we grant restaurant owners 24-hour access to 5 separate loan drafts over a 6-month period. Best of all, you can request funds online. Let’s imagine the scenario in which you come into your restaurant one freezing winter morning, only to find that a pipe burst overnight and flooded your entire business. You could panic, or you could pat yourself on the back for being proactive enough to take out a line of credit before disaster struck. Those funds are there precisely for emergency situations like this—so you can breathe easy and put the focus on damage control.
Speaking of being proactive… Maybe you’ve got a refrigeration unit that’s on its last legs, or flooring that needs to be repaired before someone gets hurt? Fixing big-ticket items that’ll cost you even bigger in the long run if a health inspector comes is a non-negotiable for your business, regardless of whether you’re struggling financially. Having a pool of cash you can dip into is going to take the stress off of all these “what ifs.”
We could all use more cash, and that’s why the experts at ARF Financial are here to make accessing that cash as simple as possible. Get in touch today. We’ll pair you with a seasoned loan consultant who will listen to your issues and work with you one-on-one to get the money needed for a successful new year. It’s quick, it’s easy, and it’s probably in your business’s best interests. Because owning a business is risky enough—taking out a loan should be effortless. Learn more about the benefits of a line of credit from ARF Financial here. We can’t wait to help you get—and stay—on track in 2019.