When you say working capital, it means the money required to support the day-to-day functioning of your business.
There may be bad times for your business where you may not be able to get the expected profits out of your business to run it smoothly. Working capital can come to your rescue and help you keep the business running.
It is required for funding everyday expenses which includes money required for purchasing inventory, expanding existing businesses or even to bring loss making businesses back to profit making ventures.
Due to a variety of factors especially the market conditions which may prevail at that time and difference in prices, businesses may go through a phase where expenses exceed expectations and you may have to spend more than planned.
Such is a time when you would need more funds so as to meet urgent expenses. This is where working capital line of credit comes to play and is a very vital and convenient tool which you may use to meet your expenses.
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