Fasty Funding Encourages Owners to Verify the Purpose Behind Working Capital Requests

A working capital request should explain the business activity being funded. Don McClain’s new commentary describes a decision-ready capital file that connects each intended use to current evidence, including supplier quotes, customer orders and accounting records. Review collection assumptions for disputes, credits or incomplete deliveries. For anticipated work, identify what must happen before an invoice can be issued and accepted. Keep unresolved questions beside the numbers and name who will answer them. Financing criteria and available structures depend on the provider and transaction.

More from Working Capital