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How Do I Find Working Capital for My Ecommerce Business?
How Do I Find Working Capital for My Ecommerce Business?
Hi Beau, I own an ecommerce business. We sell supplements and sportswear. We have been in business for 4 years and I have decent credit around 660. Our monthly gross sales are about $500k. I need to fund for expansion. I know SBA could be an option, but I have a lot of moving parts and I want to move quickly. I am looking for $1 million.
What options would you recommend?
Thanks,
Paul
Timestamps
[00:40] Look at a working capital loan and lines of credit
[00:57] How to get reasonable terms and not cheap
[01:41] Requirements to get funding in 2-3 days
[02:13] Getting you a pre-approval in a couple of hours
[02:18] The goal must be refinancing a debt with an SBA loan or just pay it down
[02:31] Book a call at http://bookwithbeau.com/
If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask
Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble
💥 Thanks for watching 💥
#workingcapital #ecommerce #ecommercebusiness
_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.
About the Channel: Want to structure your investments in the right and secure way?
Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.
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