CMS Funding Blog

Did you know that working capital is the most important asset that any business can have? But what is working capital? How does it help? When do you need it? And if you do need it - How do you get it?

Do you have a medical practice that you need to get off the ground? Are you in need of some funding for office renovations, medical technology, or for the payroll of your amazing staff? Medical working capital loans can help relieve practice owners of stress related to lack of available funds.

When your business begins to experience growth trends, it can be an extremely exciting time! However, with business growth comes financing needs. Therefore, it’s critical to familiarize yourself with different financing options available at your disposal.

What is a Working Capital Loan?

A working capital loan is a loan that has the sole purpose of financing the everyday operations of a business. Working capital loans are not always used to acquire long term assets, but instead to cover short term funding expenses such as accounts payable and employee wages.

As an entrepreneur, launching, growing and maintaining a business can be an owner’s biggest obstacle. From time to time, your business may require quick access to cash. Whether it’s needed to hire and train new employees or make upgrades to existing equipment, a working capital loan may be the answer.