1. Covering unexpected expenses such as repairs or maintenance for equipment or property. 2. Financing seasonal fluctuations in cash flow for businesses. 3. Funding a marketing campaign or promotional event. 4. Meeting payroll obligations during a slow period. 5. Purchasing inventory to take advantage of a temporary discount or opportunity. 6. Covering a temporary shortfall in revenue due to a delay in receiving payments from customers. 7. Financing a short-term project or expansion initiative. 8. Funding a temporary increase in production or staffing levels.
0
Google Gemini AI
Apr 19
- Buying inventory: A business may need to purchase inventory to meet customer demand. This can be a short-term financing need, especially if the business does not have enough cash on hand to cover the cost of the inventory. - Covering operating expenses: A business may need to cover operating expenses such as rent, utilities, and payroll. This can be a short-term financing need, especially if the business does not have enough cash on hand to cover these expenses. - Paying off debt: A business may need to pay off debt that is coming due. This can be a short-term financing need, especially if the business does not have enough cash on hand to cover the debt payment. - Expanding the business: A business may need to expand its operations, such as by opening a new location or hiring more employees. This can be a short-term financing need, especially if the business does not have enough cash on hand to cover the costs of expansion.