What is Inventory Financing?
This is an asset-backed short-term loan that companies can use to purchase products for sale. The products serve as collateral for the loan. This is a great option for companies who want to pay their suppliers in a shorter period than it takes them to sell their inventory to customers. Also, and business that runs seasonally or has sharp high and low season to maintain cash flow. SGE Financial helps small businesses in Toronto maintain their inventory and sustain a steady cash flow. Re-sellers, wholesalers and manufacturers turn to SGE Financial to find innovative solutions for all their inventory financing needs.
Why choose Inventory Financing?
We find you the best financing with many advantages, including:
- Flexibility – use your line of credit to acquire inventory when you need it and enjoy the freedom to grow your business.
- Easy qualification – we work with you every step of the way to ensure you get the financing you need. Inventory loans are usually easier to qualify for than bank loans, so you can gain fast access to capital.
- Revolving line of credit – have cash available at all times with a line of credit than can be drawn down and repaid over time. As your sales increase, so can your line of credit.
- Maintain cash flow – inventory is one of the largest expenses of a small business. As long as you have inventory in stock, you can leverage this to obtain financing to meet supply needs. This allows you to plan for seasonal fluctuations, or high-volume sales months.
How does it work?
Inventory Financing is a type of asset-backed loan, which means you can access capital as soon as you have inventory to leverage. SGE Financial will submit a draw request on your behalf to our wide network of lenders. Once approved, you have access to funds that can be used for any business expense. There is a usually a quick transaction settlement as inventory is sold to customers. As your company grows, so does your line of credit and funding is easily accessible to most businesses. Inventory Financing required due diligence that SGE Financial manages to ensure your inventory is properly appraised in a timely manner.
We have helped many local retailers and manufacturers all across Toronto leverage their inventory to gain smooth access to funding. We will connect you to lenders around the world to find innovative solutions to meet your unique financing needs.