WHY WORK WITH
WORKING CAPITAL SOURCE?
John Ferguson, President
of Working Capital Source, LLC
At Working Capital Source, our mission is to collaborate with and support owners and executives by providing external funding and minimizing debt by developing a strategy for tapping internal cash sources for ongoing operations and growth strategies.
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Creating Solutions
With over 40 years of personal experience and success, I've built three thriving businesses, notably TriflowTM, acquired by a Fortune 500 company. This experience taught me to maximize financial flexibility by blending external financing with leveraging internal cash reserves, such as A/R and P/O accounts, to stabilize cash flow and drive growth. This blending allows for increasing margins by taking advantage of supplier discounts and growth opportunities.
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Collaboration
At Working Capital Source, you're not just another client—you will collaborate directly with a principal, me. I'm not an anonymous sales agent; I'm your advocate and ally in business financing solutions, in short-term and long-term, and internal and external funding sources.
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The Alternative to "go it alone" Financing is Collaboration
1. If you choose to "go-it-alone" it is a daunting task
Conducting the due diligence necessary to select the right lender out of the hundreds listed that offers the right financing package, and then secure funds quickly with the best terms. That can be daunting and time-consuming, even if everything goes smoothly.
2. Collaborating With an Expert
Eliminates the hassle of finding external financing and expedites funding by collaborating directly with John Ferguson, President of Working Capital Source. Ferguson has over 40 years of financing experience and has facilitated over $1/2 billion in funding.
3. Network of Vetted, Specialized Business Lenders
Our lender network consists of vetted specialized non-bank lenders who conduct rapid underwriting and provide funds at the best terms and lowest possible cost. You can expect funding within a week of applying.
What Our Clients Say
I have worked with John on a variety of projects over the past several years. I have always been impressed with John's innate ability to distill the situation down to the best options very quickly and begin formulating paths to get the financing done quickly. I find John trustworthy and reliable, and I am happy to work with him on any project. He gets excellent results! Note that Scott worked with John while Scott was with a different company.
Scott Swonger, CFO
BioLab Sciences
Unlock Your Business Potential
Create financing solutions by utilizing these financing tools separately or in combination:
A) Tools can generate access to cash when you need it.
Lines of Credit
FIXED CREDIT AMOUNT. DRAWDOWN AS NEEDED. PAY INTEREST ONLY ON THE OUTSTANDING BALANCE. NO PREPAYMENT PENALTY. TERM 12 TO 36 MONTHS. SOME PROGRAMS UP TO $750,000 REQUIRE NO COLLATERAL, TAX RETURNS OF FINANCIALS. FUNDING WITHIN A WEEK
Revolving Line of Credit
PROGRAMS TO UP TO $1 MILLION+ARE CREDIT DRIVEN. DRAWDOWN FUNDS AS NEEDED. REVOLVING CREDIT MEANS YOUR AVAILABLE CREDIT REPLENISHES AS YOU MAKE REPAYMENTS AND PAY INTEREST ONLY ON THE OUTSTANDING BALANCE. YOU CAN DRAW ADDITIONAL FUNDS WITHOUT HAVING TO FULLY RE-APPLY. HOWEVER, DRAWS MAY BE SUBJECT TO REVIEW AND APPROVAL.
Merchant Cash Advance
CASH FOR FUTURE CREDIT SALES AS COLLATERAL FOR A LUMP-SUM CASH ADVANCE. PAYABLE OUT OF DAILY RECEIPTS. TERM 6 TO 18 MONTHS.
B) Tools that are not loans and can unlock existing cash reservoirs.
Accounts Receivable Factoring
CONVERT OUTSTANDING INVOICES INTO IMMEDIATE CASH. THIS IS NOT A LOAN—IT IS A SALE OF THE INVOICE—NO CREDIT BUREAU REPORTING. THERE IS NO BURDEN TO THE BALANCE SHEET. THE CUSTOMERS' CREDIT IS THE DRIVING ISSUE
Purchase Order Financing
A LENDER PROVIDES SHORT-TERM FUNDS TO FULFILL CUSTOMER ORDERS. USING PURCHASE ORDER AS COLLATERAL..
Accounts Receivable Financing
CONVERT OUTSTANDING INVOICES INTO IMMEDIATE CASH. THIS IS A LOAN. THE CUSTOMERS' CREDIT IS THE DRIVING ISSUE
C) These tools can offer working capital for longer-term projects.
Asset Based Term Loan
SECURED BY COLLATERAL OR BALANCE SHEET ASSETS. MEANT FOR REAL ESTATE, EQUIPMENT, ACQUISITION, OR EXPANSION OF A BUSINESS. TERMS ARE FROM 3 TO 25 YEARS
FIXED LUMP-SUM MEANT FOR BUSINESS REFURBISHMENT, EXPANSION, FF&E, OR WORKING CAPITAL. TERMS ARE FROM 5 TO 10 YEARS
Credit-Based Term Loans
SBA Loan
TWO TYPES OF LOANS OFFER UP TO $15 MILLION a) 7(a) LOAN, UP TO $5 MILLION FULLY AMORTIZED, NO BALLOONÂ b) 504 LOAN, UP TO $15 MILLION TYPICALLY 10% DOWN..
D) Lease equipment and machinery
Equipment Leasing
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REDUCE FRONT-END CASH OUTLAY WITH THE OPTION TO OWN AT THE END OF THE TERM OR EXCHANGE FOR NEW EQUIPMENT. A LEASE OFFERS ACCESS TO VEHICLES, MACHINERY, AND EQUIPMENT THAT OTHERWISE MAY NOT BE AFFORDABLE BECAUSE LARGE DOWN PAYMENTS ARE REQUIRED FOR PURCHASE.