Working Capital
Working capital is a crucial aspect of a business's financial health and refers to the funds available for day-to-day operations. It represents the difference between current assets (such as cash, inventory, and accounts receivable) and current liabilities (such as accounts payable and short-term debt).
Working capital serves as a financial cushion that enables a business to cover its operational expenses, manage inventory, meet short-term obligations, and pursue growth opportunities. Sufficient working capital ensures smooth business operations, timely payment to suppliers, and the ability to seize favorable market conditions. Insufficient working capital, on the other hand, can lead to cash flow challenges, missed opportunities, and potential business disruptions.
Therefore, businesses need to carefully monitor and manage their working capital to maintain financial stability and support ongoing growth.
FAQs
Your Queries Answered: Navigating Financial Success with TGL Innovations
I have bad credit and even a previous bankruptcy. Can you get me funding?
This is one of our most frequently asked questions and the answer is YES! If you have poor personal credit, or even have filed previously for bankruptcy, we can still provide you with working capital. The qualifications are:
1. You have been in business for at least 1 month
2. Your business generates revenue of at least $17,000 per month
In over 90% of cases, if you meet these two requirements, we can provide you with funding!
How can I use my funding?
It is your money for your business, so you can use it however you see fit. Many of our clients use funding to cover payroll, renovate, manage inventory, expand, purchase equipment, and a variety of miscellaneous business expenses. You are the expert in maintaining and growing your company, and we are the experts in getting you the money you need to do so. It’s a win-win situation.
What are the minimum requirements for funding?
• Minimum of 1 month in business.
• Minimum of $17,000 in monthly revenues.
• Your business is based in the United States.
How do I get started with TGL Innovations?
Hit the “Apply Now” button and fill out all the info you can, so we can get started.
Are you the one funding me?
No, we serve as your funding partner, connecting you with the right lenders to meet your specific business needs.
What is your application process?
The application process is straightforward and should take approximately five minutes. You can submit an application through our website to guide you through the process. Once we receive your full application and supporting documents, you will receive an offer within 24 hours.