Article 3.5: Flexible Financing Expanded
Chapter 9: Financial Management and Profitability in the Alcohol Industry
Flexible Financing Expanded
Line of Credit
Where: Traditional banks or credit unions.
How to Ask: "I'm interested in establishing a business line of credit to manage fluctuations in our cash flow. What are your terms and qualifications?"
More Info: U.S. Small Business Administration
Business Credit Card
Where: Most major banks offer business credit cards.
How to Ask: "What benefits and features come with your business credit cards? I'd like to apply for one."
More Info: NerdWallet's Best Business Credit Cards
Equipment Financing
Where: Banks, dedicated equipment financiers, or online lenders.
How to Ask: "I'm looking to finance some equipment purchases for our distillery. What are your terms for equipment loans?"
More Info: Equipment Leasing and Finance Association
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