Nowadays, businesses can access a plethora of financing options without ever going to the bank. However, choosing the best financing option that best meets your needs can be an overwhelming task. When choosing a funding source, you have to take into account a plethora of different factors such as your time in business, the purpose of the loan, and your overall creditworthiness. Without adequate research, your business can get stuck with a loan that you cannot afford. The good news is that there are new financing options out there that cater to more specific business ventures.

One such alternative financing option is crowdfunding.

What is crowdfunding?

Crowdfunding is a relatively new financing option that allows businesses to raise capital through a series of small donations from multiple individuals. These individual backers, depending on the crowdfunding strategy that was used, are usually offered something in return for their monetary contribution. Sounds neat, right? Crowdfunding has effectively changed the fundraising landscape for businesses and has paved the way for various innovative ideas to get the funding it needs.

What are the different types of crowdfunding?

There are three main crowdfunding types based on what businesses are willing to offer in return to their investors. Let’s discuss equity-based, donation-based, and rewards-based crowdfunding.

Equity-Based Crowdfunding

When investors are offered shares or a stake in the company in exchange for an investment, that is equity-based crowdfunding. As opposed to other types of business financing options, equity-based crowdfunding does not have a debt component. Instead, investors are offered partial ownership of a company.

Donation-Based Crowdfunding

Donation-based crowdfunding is a type of crowdfunding that encourages a free flow of donations from multiple individuals. This type of crowdfunding is most often used by charities and social organizations to raise money for a charitable cause.

Rewards-Based Crowdfunding

As the name implies, rewards-based crowdfunding involves businesses soliciting a stream of financial donations from individuals in return for an incentive or a token of appreciation. For instance, a startup clothing brand may reward anyone that contributes a certain monetary amount with a limited edition piece of clothing.

Do you pay back crowdfunding?

It depends on the type of crowdfunding strategy you used. If you are raising money through donation-based crowdfunding, then the individuals that contributed to your cause are expecting nothing in return. This means that businesses are not obligated to repay monetary contributions or offer equity. On the other hand, if you opt to use rewards-based or equity-based crowdfunding, then you are expected to either offer a token, an incentive, or an ownership stake in your company. If you are seriously considering crowdfunding as your next business financing option, it’s important to weigh the different pros and cons of this type of funding.

Crowdfunding Advantages and Disadvantages

When it comes to inventory financing, crowdfunding can present several advantages and disadvantages. To help you make an informed decision, we have compiled the most common pros and cons of crowdfunding.

Advantages of Crowdfunding

• Little to no financial risk. Crowdfunding allows businesses to test the viability of a product, a project, or a business venture without spending a fortune on raw materials or making a huge investment.
• Fundraising and marketing in one go. One great thing about crowdfunding is that it lets you raise the necessary capital you need while also validating your business idea. With crowdfunding, you would be able to gauge whether or not your business idea will generate enough demand to be profitable.
• You can opt to not give up your equity. Depending on the type of crowdfunding used, businesses can offer perks or rewards instead of equity. This helps you keep full ownership of your company and in charge of all business decisions.
• Great way to test the market. What makes crowdfunding unique is that it enables businesses to test the market before making a huge investment. If your crowdfunding campaign succeeds, this means that there is ample demand for the product or service that you are offering. If it doesn’t, then maybe it’s time to go back to the drawing board and start over.

Disadvantages of Crowdfunding

• Takes a lot of time and effort. The truth is that crowdfunding is a lot of work. From writing persuasive content to developing convincing marketing campaigns, you have to make sure that your campaign is interesting enough and that it conveys what your business is trying to achieve.
• May come with a lot of fees. Keep in mind that most crowdfunding platforms take a percentage of the funds raised by successful crowdfunding campaigns. You’ll also likely encounter signup fees and third-party payment processor fees.
• Risk of losing intellectual property. One of the requirements of a crowdfunding campaign is for a business to disclose its business idea. Unless your idea is protected by the necessary measures, you are risking losing valuable information about your product and opening the door for copycats.
• There is always a possibility of failure. Crowdfunding is becoming increasingly congested with thousands, if not millions, of crowdfunding campaigns being hosted each day. If your campaign doesn’t stand out, chances are you wouldn’t be able to meet your funding goal. It is also important to note that if you don’t meet your campaign goal, even if you raised a significant amount of money, you would not receive anything.

Is crowdfunding a good option to consider for inventory funding needs?

Fortunately, crowdfunding is a constantly evolving financial product. It has developed offshoots that focus on specific causes such as women-led projects, minority-owned businesses, social and environmental causes, as well as a platform that solely hosts inventory crowdfunding initiatives. If you are considering crowdfunding as an option to fund your inventory needs, you should check out Kickfurther.

Kickfurther is an inventory financing platform that allows businesses to raise funds through consignment opportunities or co-ops. Brands go through a strict vetting process that involves a review of their sales performance, personal and business credit history, as well as an internet search for any negative or criminal news about the business. This ensures that businesses using Kickfurther are a great fit for the platform and its community. If you want more information, visit www.kickfurther.com.

What are the most common types of inventory financing?

Apart from crowdfunding, there are several ways that businesses can choose to finance their inventory. If you think crowdfunding does not suit your business’s needs, check out these other inventory financing options:

Short-Term Loans

As the name implies, short-term business loans are mostly associated with loans that have shorter repayment periods. These loans are often offered by traditional financial institutions like banks and credit unions. This type of loan can be used for a variety of purposes such as purchasing equipment, financing expansion projects, or developing a new product. The only downside to this type of loan is that it often has higher interest rates compared to other types of loans.

Lines of Credit

A business line of credit is more flexible compared to term loans as it can be accessed anytime as long as businesses pay their balance on time and do not go over the borrowing limit. This could be a great option for inventory financing as a revolving line of credit could help businesses buy additional inventory during peak shopping seasons.

Personal Savings

Depending on the circumstances, using money you’ve saved up could be a great way to cover cash flow shortages. The main advantage of using your personal savings is that you do not go into debt. However, it’s important to note that this should be a last resort as you risk losing your investment forever in case your business folds.

Credit Cards

Credit cards can be used to cover day-to-day expenses while also accumulating points and rewards. When choosing a credit card as an inventory financing option, make sure to look for financial institutions that offer interest-free financing that would let you pay for big purchases over time without paying for added interest.

Online Loans

Online loans are offered by, you guessed it, online lenders. Online lenders are not associated with traditional financial institutions and are often seen as an alternative to banks. Like other loans, the amount that a borrower can qualify for is based on their overall creditworthiness. However, that does not mean that bad credit can hinder you from getting approved for an online loan. Online lenders are known to be more flexible when it comes to a borrower’s qualifications and can be a great option for borrowers that have exhausted other efforts to secure other types of loans.

How to apply for an inventory financing loan?

Inventory financing loans allow you to leverage your inventory to be able to secure additional funding. However, not all businesses will be able to qualify for an inventory financing loan. For a business to enjoy the many benefits of inventory financing, it must first meet the following criteria:

• Must be operational for at least one year
• Must be a product-based business with a reliable inventory management system
• Must agree to a due diligence process
• Must provide relevant and accurate financial statements
• Must prove that the business is profitable
• Must provide credit history and scores

Key Takeaway: Which Financing Option Is Best For Your Business?

Choosing from the many different types of inventory financing loans can be overwhelming. If we could leave you with one piece of advice, it’s this: shop around! The truth is that not all inventory financing loans are created equal. As a responsible business owner, don’t forget to compare interest rates, maximum loan amounts, and repayment terms offered by various lenders to be able to determine which loan will give you the best deal possible.

About Kickfurther

Kickfurther is the world’s first online inventory financing platform that enables companies to access funds that they are unable to acquire through traditional sources. We connect brands to a community of eager buyers who help fund the inventory on consignment and give brands the flexibility to pay that back as they receive cash from their sales. This alleviates the cash-flow pinch that lenders can cause without customized repayment schedules, allowing your brand to scale quickly without impeding your ability to maintain inventory or financial flexibility.

One of the most important aspects of running a business is proper cash management. Without it, businesses wouldn’t be able to provide their cover services or secure enough inventory to meet customer demand. Poor cash management can even lead to debt and, in the worst-case scenario, business failure.

In the digital era, businesses have been given plenty of innovative ways to address their cash flow issues. From online loans to crowdfunding, businesses can now pick and choose which type of financial solution best meets their current funding requirements. In this article, we will discuss the ins and outs of crowdfunding as well as how it can help finance a business’s inventory needs.

What is Crowdfunding?

Put simply, businesses use crowdfunding by tapping into a “crowd” of people and asking them to donate small amounts of money in order to reach a specific monetary goal. This type of financing option is often used by small to medium-sized businesses and nonprofit organizations to finance a new business venture, expand a brand’s product line, or raise money for a charitable cause. Crowdfunding has effectively changed the fundraising landscape for startups – allowing them to raise the cash that they need while also generating public interest in their business idea.

Hosting a crowdfunding campaign involves a lot of work. You have to make sure that you have an appealing business plan, the drive to succeed and grow, and a marketable product that people can easily support. If you’re planning to conduct a crowdfunding campaign, make sure to put in the time and effort to learn what makes crowdfunding campaigns successful. Remember, there are thousands – if not millions – of active crowdfunding campaigns at a time. How will you set your brand apart?

What are the Different Types of Crowdfunding?

Due to its convenience and ease of use, crowdfunding has become a popular method for businesses to raise cash in a short amount of time. However, that doesn’t mean it’s easy. As with other business decisions, you have to make sure that the type of crowdfunding campaign aligns with your current financial requirements and, ultimately, your business model. Fortunately, crowdfunding has developed offshoots that cater to what businesses need and what they can offer in return. Let’s talk about donation, rewards, and equity crowdfunding.

Donation-Based Crowdfunding

Donation-based crowdfunding involves investors freely donating money to a charitable cause without expecting anything back. This type of crowdfunding campaign is more commonly used by charities and other nonprofit organizations.

Rewards-Based Crowdfunding

As the name implies, rewards-based crowdfunding means investors having the expectation of receiving an incentive or a “reward” for their monetary donation. Rewards-based crowdfunding is a great way for startups to raise money if they have already exhausted every effort to acquire traditional small business loans.

Equity-Based Crowdfunding

Similar to rewards-based crowdfunding, equity-based crowdfunding involves businesses offering a stake in their company in exchange for an investment. Unlike other crowdfunding models, equity-based crowdfunding does not have a debt component. Instead, investors are given partial ownership of a company and stand to make a profit from their investment if the company grows.

But what if you’re only trying to raise capital to be able to purchase additional inventory and meet consumer demand? The good news is that crowdfunding has evolved to support specific causes such as social and environmental projects, women and minority-owned businesses, as well as a platform that solely offers equity crowdfunding campaigns for startups. If you’re trying to raise money for your inventory, one funding platform that focuses on inventory funding is Kickfurther.

What Is Inventory Crowdfunding? How Does Inventory Crowdfunding Work?

But first, what exactly is inventory crowdfunding? Inventory crowdfunding means exactly how it sounds. Businesses offer various consignment opportunities to individual investors and earn a profit when the inventory is sold. Inventory crowdfunding provides another channel where startups can raise money after getting rejected by banks and credit unions. If you’d rather pay your community of supporters rather than traditional financial institutions, then inventory crowdfunding may be the right funding option for you.

How Can Kickfurther Help Your Business?

Kickfurther is the world’s first online inventory financing platform that enables companies to access funds that they are unable to acquire through traditional sources. We connect brands to a community of eager buyers who help fund the inventory on consignment and give brands the flexibility to pay that back as they receive cash from their sales. This alleviates the cash-flow pinch that lenders can cause without customized repayment schedules allowing your brand to scale quickly without impeding your ability to maintain inventory. 

 How Does Kickfurther Work?

• Businesses are required to prove their strong sales performance before they can initiate a Kickfurther crowdfunding campaign. Investments, as mentioned, typically come in the form of consignment opportunities. After the strict vetting process, businesses can then start a crowdfunding campaign.
• Once the monetary goal has been reached, Kickfurther buys the inventory for the businesses. Before receiving the inventory, businesses are required to specify a production time frame, a rate of return, as well as payout dates.
• After the inventory has been sold, investors earn payments.

Inventory Crowdfunding vs Traditional Loans: Which One to Use?

The great thing about inventory crowdfunding is that businesses can easily gauge the success of their crowdfunding campaign based on how much buzz they generate and their own sales performance. On the other hand, traditional loans have a time-consuming due diligence process and may come with a lot of extra costs and fees. Another downside to traditional fundraising activities is that it requires you to put a lot of time and effort to convince your target investors why you need additional funding and why they should support your cause. At the end of the day, it’s ultimately up to you to determine which type of financing option best meets your funding needs.

Are there alternatives to inventory crowdfunding?

Since we’re comparing these alternative financing options with crowdfunding, we’re going to veer away from traditional financing options that can prove to be difficult to acquire. Check out some of the easiest to obtain alternative financing options below!

• Online loans – This alternative to traditional lending usually comes in the form of unsecured loans. Generally, online loans are easier to obtain because of lower credit requirements. The downside is that payment terms are usually shorter and include a higher interest rate.
• Angel investors – An angel investor is a high-income individual who invests in a startup or a small business venture. These individuals with a significant amount of disposable income provide the necessary funding for businesses in exchange for an equity position in the company.
• Family and friends – This is probably our least favorite alternative but hey, you gotta do what you gotta do, right? Borrowing from family and friends is risky since it might affect your personal relationship with them in case you become unable to pay back what you owe. Please consider this type of financing carefully.
• Merchant cash advances – If all else fails, you can always apply for a merchant cash advance. A merchant cash advance is a financing option that involves lenders granting cash advances to businesses in exchange for an agreed-upon percentage of future debit or credit card sales.

Can You Finance Your Inventory With Crowdfunding?

If you’ve reached this part of the article, then you know that the answer is yes! Crowdfunding is a great financing option to scale your inventory needs without the binding commitment of a traditional loan. However, that doesn’t mean you don’t have to pay back what you owe! As mentioned above, businesses that use crowdfunding could either offer a reward or equity to the people that donated money to their campaign. It is also important to note that a majority of crowdfunding platforms charge a fee for hosting your crowdfunding campaign.

Key Takeaways

• Crowdfunding is when individual backers fund a new business venture, expand a brand’s product line, or raise money for a charitable cause.
• Inventory crowdfunding is a type of crowdfunding strategy that links businesses with individual investors to fund consignment opportunities and make a profit when inventory is sold.
• Kickfurther, an inventory crowdfunding platform, enables businesses to fund their inventory purchases by asking backers to donate small amounts of money to meet a funding goal. Once the funding goal is met, Kickfurther buys the inventory for the business and, when the inventory is sold, backers will receive a percentage of profits depending on the amount of inventory sold.

Looking for an innovative solution that allows you to use inventory as collateral? Kickfurther innovates a unique approach that allows small businesses to give individuals the chance to buy inventory on consignment. We’re a low cost and flexible solution that has helped businesses grow and survive during the toughest economic times. However, there are other options that allow businesses to use inventory as collateral.

If you have been researching inventory loans you have probably heard about unsecured and secured inventory loans. Businesses that may be considered high risk to lenders may need to use a secured inventory loan or an alternative such as Kickfurther. If your credit history is questionable or you have short or inconsistent revenues or are a new business you may be struggling to find an inventory loan. You may be starting to think you just don’t qualify for an inventory loan but we are here to reassure you that you do qualify for an inventory loan. Before applying for an inventory loan you should evaluate your business plan to make sure you need one. We don’t say this to detour you but rather to encourage business owners to think through decisions extensively.

For example, let’s say you sell trendy jeans. You are a new company that has recruited influencers to advertise your brand. Word of mouth sales are picking up and next thing you know, a celebrity is recommending your line of jeans. Your company is starting to grow and it’s your job to keep up with the increase in demand. Part of keeping up with demand is making sure you have enough inventory. You may need to place an order much larger than the previous order but you don’t have the funds to do so. An inventory loan can provide the funds you need to purchase the amount of inventory you feel necessary. This is just one example of a company that could benefit from using an inventory loan.Below we will help business owners understand how to secure an inventory loans by using inventory as collateral.

What are the types of collateral for inventory funding?

When you use a secured loan with collateral the lender or bank can take ownership of the collateral if you default on the loan. When we say default, we mean miss multiple payments. Most banks won’t just take ownership of collateral with one missed payment. However, if you miss several payments or confess you are unable to repay the loan they can take ownership of the collateral. If you plan to borrow money to buy inventory, you can use the inventory you plan to buy as the collateral. Just about any kind of inventory can be used as collateral including. . .

• Apparel
• Vehicles
• Furniture
• Appliances
• Electronics
• Computers
• Office Supplies
• Cattle
• Shoes
• Jewelry

Assessing your Inventory Value

When you use a secured loan or inventory loan, the lender or bank will assess the value of your collateral and or assets. The business will get a portion of the assessed value. This is known as loan-to-value (LTV) ratio. For example, if you finance a vehicle you usually use the vehicle as collateral. If the blue book value of the vehicle is $10,000 and you can finance 110% LTV you can borrow $11,000 to purchase the vehicle. If the blue book value is $10,000 and you can finance 80% LTV, you can borrow $8,000 to purchase the vehicle. Inventory loan LTV’s work the same way, but typically lenders do not allow you to borrow 100% or more than 100% LTV. Most lenders allow businesses to borrow about 50% to 80% of the determined value of the collateral. If the bank needs to sell the inventory you provided as collateral, they need to make sure they get their money back. Therefore, the bank assumes they won’t be able to sell the inventory at market value. Most lenders base loans on liquidation or wholesale values rather than retail.

Benefits of Inventory Financing

Inventory financing can be a less expensive way for businesses to receive funding. There are many benefits of inventory financing for businesses. Ensuring you have plenty of inventory can help grow your business, increase revenue, and expand customer selection. In addition, inventory financing can help companies make sure they never miss out on a sale. If you are preparing for seasonal sales you may need to stock up on inventory before the holidays or your busy season. Busy seasons can vary depending on the type of business you own. If you need to stock up on inventory but don’t have the cash available you can use an inventory loan. Inventory loans can also help improve cash flow for companies. Business owners with credit challenges may benefit from inventory financing. Since you are providing collateral and the lender knows they will get their money back whether you pay or not, your credit history should have less impact on approval decisions. For growing businesses or business owners with credit challenges, secured loans or inventory loans can help establish credit. This can open up more opportunities and more financing options in the future.

While inventory financing has a long list of benefits for most businesses, it’s not a perfect solution for everyone. Business owners should evaluate the benefits and drawbacks as it relates to their company. If your company is struggling to sell products now, using an inventory loan may just create more stress and problems. However, if your company is selling products but needs more inventory to grow sales, using an inventory loan may help you achieve your growth goals. Business owners should take into consideration that regardless of how you borrow money, it costs more than paying cash. If profit margins are tight, inventory financing may cause you to operate at a loss or lower profit margin which could lead to future problems. You should take extra costs into consideration and factor them into your business plan. In some cases, inventory loans may have additional fees as well. Kickfurther offers extremely low fees and is up to 30% cheaper than other options.

Requirements for obtaining a loan with collateral

Requirements for obtaining a loan with collateral can vary depending on the type of loan and the lender. Requirements can also vary depending on how much you need to borrow. Some lenders may offer a secured line of credit while others may offer an inventory loan. They are both similar but a line of credit is more like a credit card. A line of credit provides companies with a revolving line of credit that allows them to access a certain amount of capital. Kickfurther has some basic requirements and a vetting process designed to qualify candidates to help ensure they will be successful. If you do not have proven sales or at least 6 months in business, Kickfurther may not be the best option for you. Some of the general requirements for obtaining an inventory loan with Kickfurther include. . .

• Must sell physical products
• Operates in the US
• Business revenue of $150,000+
• Proven sales
• Legal business entity
• Decent credit score and history (co-applicants welcome)

How does Kickfurther help businesses secure financing using inventory as collateral?

Kickfurther is the world’s first online inventory financing platform that enables companies to access funds that they are unable to acquire through traditional sources. We connect brands to a community of eager buyers who help fund the inventory on consignment and give brands the flexibility to pay that back as they receive cash from their sales. This alleviates the cash-flow pinch that lenders can cause without customized repayment schedules allowing your brand to scale quickly without impeding your ability to maintain inventory.

Key Takeaway

In conclusion, inventory loans secured by collateral can benefit businesses and customers. While traditional banks and credit unions may offer inventory loans, there may be alternative options available that are more cost effective. Finding an affordable inventory loan can be a smart financing option that is usually cheaper than using a credit card. In addition, paying off a secured loan can help establish business credit, thus allowing you to qualify for an unsecured loan in the future.

Create a business account today at kickfurther.com. 

Inventory financing is an essential part of most successful business plans. Maintaining a plentiful supply of inventory can increase sales and revenue, while expanding customer selection. Small businesses that are struggling to find a low cost solution for inventory financing should pay close attention. Keep reading to learn everything you need to know about small business inventory and small business funding.

What is small business inventory funding?

Small business inventory financing provides funds to purchase inventory to sell. However, small business inventory funding can also be peer-to-peer lending, crowdfund, or another unique approach like Kickfurther. Whether you are a retailer or wholesaler you can use a small business inventory loan as long as you are a legal business entity. Ideally, most companies strive to find the lowest cost solution for inventory financing. As a small business you may be struggling with this. Lenders often view small business loans as higher risk causing them to offer unfavorable terms for business owners. Small businesses looking for a low cost inventory financing solution should visit Kickfurther.

What are the different types of funding options available to small businesses?

Small business owners should explore and research the various funding options available to make an educated business decision. There are a variety of factors that should be considered when selecting the best financing option. Business owners should consider how much they need to borrow, how long they need to borrow money, how much they can repay monthly, etc. Deciding important factors like these can help you narrow down options. The next thing that can help you narrow down options is to see which options you actually qualify for based on basic lending requirements. Let’s take a look at some of the best funding options for small businesses. . .

#1. Small Business Loan (SBA)

The SBA is an independent agency of the federal government that was created in 1953. Their purpose is to aid, protect, counsel, and assist the interest of small business concerns. The SBA also strives to help strengthen our overall economy by helping small businesses. If you can qualify for an SBA loan it can be a good funding option. However, SBA loans may be difficult to qualify for with a lengthy and time consuming application process. Before applying for an SBA loan you should make sure you can meet the minimum qualifications. For more information on program eligibility you can visit the SBA’s website. If you qualify for an SBA loan you’ll need to apply using an SBA approved lender.  In the event a small business defaults on an SBA loan, the government guarantees the commercial lender will be repaid up to 85% of any loss. This reduces the risk to the lender and allows small businesses to take advantage of lower rates and competitive terms.

#2. Business Line of Credit

A business line of credit is a revolving line of credit that provides business owners access to capital. Most lenders require businesses to have at least 6 months in business and $25,000 in annual revenue to qualify for a business line of credit. In addition, you’ll most likely need to provide collateral and a good credit score for approval. Business owners can use a line of credit to cover pretty much any business related expenses. In addition, you should only be charged interest on the amount you use. A business line of credit is usually used for short-term funding making it a good option for inventory financing. If you use an unsecured line of credit it may have a variable interest rate and approval amount up to $100,000. In most cases, interest rates are lower for a business line of credit than a business credit card. Different lenders can have different qualifications for approval.

#3. Kickfurther

Kickfurther is the world’s first online inventory financing platform that enables companies to access funds that they are unable to acquire through traditional sources. We connect brands to a community of eager buyers who help fund the inventory on consignment and give brands the flexibility to pay that back as they receive cash from their sales. This alleviates the cash-flow pinch that lenders can cause without customized repayment schedules allowing your brand to scale quickly without impeding your ability to maintain inventory.

The Benefits and Drawbacks of Small Business Inventory Funding

Part of making sound business decisions is considering benefits and drawbacks. It may be tempting to jump into applying for a small business inventory loan but we encourage business owners to slow down and enjoy the process. Clearly thinking through decisions can help produce positive results.  In most cases, small business inventory loans are a good thing that can help a business grow. However, for some businesses small business inventory loans may not fix your problems and may just cause more debt. Let’s take a look at some of the benefits and drawbacks of small business inventory funding. . .

Benefits:

• Increase revenue
• Attract more customers
• Improve customer retention
• Expand customer selection
• Smoother daily operations
• Avoid running out of inventory
• Deliver better customer service
• Competitive advantage

Drawbacks:

• Taking on debt
• Increased inventory costs
• Risk of damaging credit
• Relatively short term loans
• Some inventory loans can’t be used for other financing needs

Most Common Ways a Small Business Can Secure Inventory Funding

Earlier we discussed some of the most common ways small businesses secure inventory funding. To recap, most small businesses use an SBA loan, business line of credit, or Kickfurther. Regardless of which funding option you select, you should make sure you are well prepared before applying. Most lenders will want to see a solid business plan, consistent or increasing sales, profit and loss statements, and more. In most cases, you can access things a lender may request prior to submitting an application. If you can’t locate the information online you should call the lender. Having your documents prepared ahead of time can result in a smoother funding process for the business owner and lender.

Is inventory funding right for your small business?

Most likely, yes. Inventory funding can provide the funds your business needs to increase revenue and grow. However, if you are struggling with sales or fear being unable to repay loans or investors inventory financing may not help. Before taking an inventory loan it’s important to properly assess your business to identify problems and appropriate solutions.

Why Kickfurther?

30% lower costs:

When you compare our rates to other forms of funding, you’ll often see you’re saving. Companies returning to fund additional deals often see their rates fall each time.

Higher funding opportunities:

We have an average funding of $78,000 but can fund up to $1MM to manufacture new inventory or get reimbursed for current stock and reinvest in where your business needs it most.

Funded in Minutes:

Once approved, our community of backers fund most deals within a day, often within minutes to hours.

Custom Payment Terms:

You don’t pay back until you start making sales. This alleviates the cash-flow pinch lenders cause without customized repayment schedules.

Key Takeaway

Alternative options like us are designed to help small businesses achieve success. Small businesses deserve an affordable inventory financing solution. We can provide small businesses with the inventory financing they need with flexible terms.