|
|
Working Capital & Inventory Loans
|
Adequate working capital is a key ingredient for a successful and prosperous business, especially when starting a new business. Working capital provides the "cushion" of cash a business needs to cover an expansion, extraordinary costs, unexpected operating expenses, new machinery or equipment, and any other business cost or expense not budgeted for. RREDC can provide working capital financing for most of these needs.
Inventory is also an essential component of most businesses. RREDC provides financing for inventory expansion and inventory purchases for existing or new businesses.
Loan amounts range from a minimum of $5,000 to a maximum of $300,000. However, smaller and larger loan amounts may be available.
Working capital and inventory loans are generally for a maximum of 7 years, but may be up to 10 years for a startup or new business.
Interest rates are fixed and depend entirely upon current market factors and the overall risk of the business and/or project.
RREDC can finance up to 90% of the overall project cost for inventory and working capital loans. Therefore, the remaining 10% of the project cost must be owner equity. Equity can be in the form of cash, investment or financing by an independent third party (lender, friend, or family member).
|
| RREDC 520 E Street, Eureka, Ca., 95501
Phone: 707-445-9651 FAX: 707-445-9652 | |
|
|
