“Access to fresh produce is an important part of the fabric of our society. This food is going to local food banks, to furloughed employees, to people in need. Our work is necessary to ensure that people can be fed.”
– Jessie Banhazl, Green City Growers
As we celebrate Earth Month this April, we are proud to share one of our clients making a positive impact in her community through sustainable agriculture. Her inspiring efforts are aimed at promoting gardening and making it accessible to people regardless of their location.
Spring is a season of growth and renewal, and it’s the perfect time to consider the growth of your small business. One way to support that growth is to apply for a business loan or line of credit, but ensuring you do so at the right time is important. If you want to invest in new equipment or expand your team, a larger loan could provide the capital you need to make that happen. However, if your business needs are unpredictable, it may be best to take out a line of credit loan for working capital.
By approaching the growth of your business with the same care and attention as you would a garden in spring, you can set your business up for a successful and fruitful season.
Ascendus offers two main options to help your business grow: capital and credit. Understanding the difference between the two can help you make a more informed decision on the kind of financial support you’d like.
Capital is funding to finance a need for your business to increase productivity, make improvements, retain employees, pay bills, invest in products for future sales, and more. Capital is appropriate when you have a set dollar amount of funding that you need.
Credit is knowing you have access to funds or cash when you need it. Much like a credit card, this allows you to repay what you use and keep it in line with sales.
Ascendus’ loan consultants are always happy to answer your questions and support you through the application process. Check out our products and see how we can help you flourish during this Spring season of growth and beyond!