The opportunity is now. Overcome current market challenges and tap into niche markets with BusinessManager®.
Today, ProfitStars’ research has identified three key market sectors that are ripe and ready for your bank to tap into:
- Oil & Gas
All three of these industries need short-term, working capital to facilitate active growth. Consider:
In recent years, domestic exploration of oil and natural gas has increased sharply in certain areas of the country (view a map here). Drilling is creating jobs, creating demand for goods and services, and a demand for cash. Cases have been seen where businesses have grown more than 300% in a 12 month period, and needed a controlled financing vehicle to manage that pace. In addition, most business owners will tell you it’s still quite difficult to obtain financing these days.
The output of U.S. oil and gas drilling and support activities is forecast to grow at an annual compounded rate of 12 percent between 2012 and 2016.
In the trucking industry, the average retail price for diesel and regular gas, a major operating cost for trucking fleets, rose 6.7 percent, and 4.6 percent in the week ending September 3, 2012 compared to the same week in 2011.
In the staffing industry, the average A/R turn is 44 days, yet employees get paid weekly or bi-weekly by the staffing agency – creating cash flow challenges.
Banks doing asset based lending help companies that have bank loans or lines of credit but need additional short-term working capital to take advantage of opportunities, like an unexpected large order. From energy-producing firms to field services and transportation, BusinessManager has been an effective cash flow tool for all three of these sectors.