Overview
Inventory Financing and Loans
Purchasing inventory is one of the largest costs for businesses in Ottawa. Purchasing quick-turnaround inventory is often difficult for new businesses. Inventory loans will come handy in such situations.
Overview
Inventory financing is a business loan exclusively for inventory. Small businesses can benefit immensely from inventory loans which can be used to purchase products that would be too expensive to buy right away.
Inventory loans are available as simple term loans or lines of credit. Access Money works closely with several Canadian inventory loan lenders that have a good track record of providing inventory financing for specific business needs. We ensure applicants successfully secure inventory loans. Check through the list of inventory loan lenders to compare their interest rates and much more.
Give us a call when you are ready to apply to any given inventory loan provider. If time is not on your side, pre-apply for inventory financing with Access Money and we will do the hard tasks of negotiating with the best inventory loan lenders on your behalf.
How Inventory Financing Works
Inventory loans are very similar to business loans with the only major difference being that they are used to purchase inventory.
Differences between inventory loans and business loans
Inventory Loans
Inventory loans differ slightly from typical business loans. You do not need collateral since your inventory automatically becomes the collateral. That single attribute makes inventory loans a popular option for small and medium-sized businesses. Take note that unsecured business loans with no collateral can be used to purchase inventory and any other purpose.
Business Loans
Inventory loans differ slightly from typical business loans. You do not need collateral since your inventory automatically becomes the collateral. That single attribute makes inventory loans a popular option for small and medium-sized businesses. Take note that unsecured business loans with no collateral can be used to purchase inventory and any other purpose.