There are moments that get working capital for companies with financial difficulties could be the watershed in growth and bankruptcy. To tell you the truth, it is not unusual for a small, medium or large company to need financial help to get ahead in difficult times, and that is why banks, 100% online credit platforms, receivables and save the box by giving more breath to the entrepreneurs and entrepreneurs who need immediate cash.
In times of financial crisis like what we are experiencing in our country and in other countries of the West, this has happened more frequently. Running a business, especially in times of lean cows, is not easy at all. But how to get working capital financing for companies in difficulty?
What is working capital?
“This type of credit is used to obtain a fast appeal for renewal and increase of the (money, credits, stocks, etc.) of a company, this represents more liquidity for operation. working capital is available to companies and entities (businesses, private organizations and companies of all sizes and segments, including public entities) . ”
To make your business keep spinning and doing its job quietly, the government provides some lines of credit and working capital funding. These lines are intended to help large and small businesses stay up and keep the market warm.
Using these financing and working capital credit lines can not only help your business, but also save your business. Achieving these benefits does not require much bureaucracy and is nothing complicated. Study your possibilities and check how to get your business back on track.
Working capital for companies in difficulty
The working capital is related to all the financial accounts that revolve or move the day to day of the company. As every businessman knows, this is a very important thing in the life of a business and you should always pay attention to it.
When we talk about working capital we are talking about the accounts that exist to keep a company running. It is the money needed to maintain stocks and resources. It is also the money for payment to suppliers (purchases of raw material or resale goods), payment of taxes, salaries and other operating costs and expenses.
Working capital is expected to include customer financing that occurs in term sales. Your working capital is the net worth you need to function. When a company is not having enough working capital it can have several problems. This is the time to get help, check investments, and figure out the best way to get more capital.
Where can I get working capital credit for my company?
To get capital for your company, there are many ways. The most advisable is to seek the federal government programs that have more facilitated conditions, especially for small and micro enterprises.
One of the benefits and ways of obtaining credit for companies with difficulties is by BNDES. The National Development Bank has some working with loans and financing for small and micro enterprises. There is the line of Working Capital BNDES Giro, where you can apply for this funding.
To do this, simply go to a state bank such as the federal cashier or the Brazilian bank. This line of credit has low interest and different term, to be used according to the need of your company. They still have differentiated interest rates according to the size of the company. To get the financing of this line of credit, you must go to a state bank partner of BNDES and present a project for this working capital capitation.
Care When Applying For A Working Capital Loan At Banks
You can also get working capital in private or even state-owned banks that are not connected to BNDES. They offer conditions that may be good for you. This is also an option for those who need to invest and increase production, stocks or personnel. Private banks such as Santander, Bradesco, Banco do Brasil, Itaú and others offer this service.
However, you should take some precautions when opting for this option. When you are willing to ask for a cash loan without bureaucracy, you should research a lot, know what the conditions offered by the bank and if you mainly link in interest rates. You should also know exactly the amount you need and especially when you can pay off the debt. You should check if you can afford the terms and amount of this split.
Remember that conditions in state banks can be made easier. Bank loans can be a good way out. Study hard and make sure this is the best step for you!
Borrowing a loan or financing primarily for struggling companies may seem risky, but in the end it will be a good deal if you know how to manage this situation well. Maybe this is the money your business needs to keep running.