How Business Financing Can Help Your Scientific and Technical Services Business
There’s a lag time between expenses and revenues in any business, but that can be especially true for those in the scientific and technical services fields. Research takes time and resources, while contracts may take up to a year to complete. You might consider business financing or alternative funding to fill these gaps and keep your business running.
Alternative funding is an increasingly popular way for scientific and technical enterprises to get working capital. While such businesses have traditionally relied on grants and loans from nonprofits and the government, an online loan or line of credit can help a business get the funds it needs quickly, without time-consuming grant-writing and restrictive conditions.
Keep parts and components on hand to complete jobs quickly. You might save money by purchasing raw materials in bulk.
Hire additional staff or subcontractors for larger projects.
Pay for your upfront costs of research and development, knowing it may take six months to a year to get paid.
Scientific and technical services often require specialized equipment. Buy what you need to keep your business running, without depleting your capital reserves.
Apply for a Business Line of Credit from Headway Capital
Headway Capital offers a true line of credit with no hidden fees for scientific research and technical services, as well as for any other business financing needs. You can borrow the amount you need (up to your credit limit) when you need it, and choose your repayment schedule.
Business line of credit
12, 18 or 24 months
No Hidden Fees
See our Rates & Terms for details
Weekly or monthly
Clear payment terms, interest does not compound, no penalty for early payoff
Why Choose Headway Capital?
We See the Big Picture
We look beyond your credit score in evaluating your business.
Borrow what you need, when you need it, and pay it back according to your own schedule.
Make multiple draws (up to your credit limit) and only pay interest on what you borrow each time.
Upfront rates and no hidden fees mean you’ll always know what you’ll owe.
1We will not perform a hard credit pull until after you have submitted the application and signed the contract.