Businesses that provide services to other businesses, such as advertising, computer programming, and maintenance, are considered “business services” businesses. Like all industries, business services enterprises sometimes need an infusion of working capital to keep up with demand, continue providing exceptional service, and fuel their growth.
Getting the working capital you need from a traditional lender can be difficult, especially if you operate in a higher-risk niche faced with volatile demand, fluctuations in cash flow, and thin margins. Business services firms with stable incomes, high revenue, and higher profit margins are typically considered “low risk”, but even for lower-risk industries, the application process at a traditional lender may take weeks, and there’s no guarantee of approval. Opportunities to grow can be short-lived, and they may disappear while you wait.
