Get the funds you need for filling the gap between expenses and revenue
There’s a lag time between expenses and revenues in any business, but that can be especially true for those in the scientific and technical services fields. Research takes time and resources, while contracts may take up to a year to complete. You might consider business financing or alternative funding to fill these gaps and keep your business running.
Alternative funding is an increasingly popular way for scientific and technical enterprises to get working capital. While such businesses have traditionally relied on grants and loans from nonprofits and the government, an online loan or line of credit can help a business get the funds it needs quickly, without time-consuming grant-writing and restrictive conditions.
Running a technical services business is tough enough. When you choose Clarify, we consider you family -- and work with you through the ups and downs to help you achieve success every step of the way.
Keep parts and components on hand to complete jobs quickly. You might save money by purchasing raw materials in bulk. Hire additional staff or subcontractors for larger projects.
Pay for your upfront costs of research and development, knowing it may take six months to a year to get paid.
Scientific and technical services often require specialized equipment. Buy what you need to keep your business running, without depleting your capital reserves.
"My company gets paid by the state and it takes 60-90 days to get paid. I worked with both Michael and Bryan. We were able to leverage my accounts receivable to secure the working capital needed for day-to-day operations. I’m able to pay off the credit line with no prepayment penalties. Their line of credit program was exactly what I needed."