Business Loans for
Veteran Business
Veterans not only contributed to their country with their military service, but they also continue to serve as business owners, providing critical products and services to their local communities. Like any other business, a veteran-owned business requires capital to expand or hire new staff. As part of our financial services, we honor veteran businesses by offering loans tailored to their specific needs by providing access to financing that can assist them as they start and expand their businesses.
Depending on the type of business you own, veteran business loans can be financed to give you capital to purchase inventory, raw materials, or new equipment. We also recognize that businesses have slower periods throughout the year, so managing your cash flow is key to remaining profitable. With our working capital business loans for veterans, you can have the cash you need, when you need it.
Of course, depending upon your business model, you might extend credit to customers. Yet, while you wait for those invoices to be paid, you still have to cover overhead. Our business loans for veterans are geared to provide that type of financial coverage
Additionally, financing through automotive business loans offer you the ability to adapt to changing economic conditions locally and provide the right mix of services that will appeal to your target market. Our team offers financial options geared to the needs of your veteran-owned business. Here are just a few of the options we offer:
Financing New Equipment
As a veteran-owned business, your equipment is essential to the successful completion of your clients’ vehicles. Those tools can include manufacturing equipment, packaging, tools for construction, or even office equipment. Having the right financing in place can make the difference in whether you can take on more clients or are forced to let them go to your competition because you don’t have the equipment available to care for their needs.
Hire Workers
Automotive businesses have different requirements for the number of workers needed, depending on your client base. With a business loan for automotive, you have access to the capital necessary to hire the skilled workers who specialize in different vehicles, enabling you to meet critical deadlines. It also allows you to invest in training, making sure that your team is updated on the latest technology that makes vehicles function.
Expand Operations
Veteran business loans and working capital options provide the financing you need to meet your current obligations and pursue a greater market share within your region. These financing options allow you to grow your workforce, expand your retail, office, or manufacturing space, and take on more clients while also assisting you to meet requirements at the local and state levels to continue operating your company.
Overhead Expenses
Having cash for everyday overhead expenses, including inventory, raw materials, and labor, is key to keeping your veteran-owned business running. Working capital loans and veteran business loans can provide additional capital for overhead expenses to keep your business despite shifts in your workflow or seasonal slowdowns.
If your company needs an infusion of financing, our team can walk you through the application process, helping you to determine what financing options align with your goals for your business. Our specialists customize your business loan for veterans to address cash flow and investments to build up the capacity of your business.
Why Work With PCC?
Our team understands the unique financing needs of veteran-owned businesses, particularly during times of seasonal demand or the realities of payments coming in the weeks after the products or services are completed. When you work with PCC, our specialists get to know your veteran-owned business and its strategic goals, then create a personalized financing plan to meet your needs. While traditional lenders might consider veteran businesses challenging due to the various business models, at PCC, we have flexible approval requirements to focus on the potential of your business rather than its financial history.
We provide lending solutions and payment options tailored to meet your needs right now, giving your vetran-owned business a foundation for future growth. The application process is fast and easy, allowing you to keep up with the demand and helping your business to succeed.