Loan amounts available from $5,000 - $750,000
Funding in less than a week
No early pay-off penalty
Interest paid is tax deductible
Much more economical than credit card debt
Flex pay loan options available with 50% deferment of principal allowing a much lower affordable payment now
Working capital advantages
Purchasing new equipment
Renovations and remodeling
Opening a new location
Buying out a business partner
Upgrading POS system
Paying business taxes
Getting caught up with payroll
Reconsolidation of expensive debt
Buying our a business partner
Launching a new marketing campaign
Common uses for our business working capital loans
Working Capital Loans
Working capital loans are like a financial boost for the business. Imagine you run a company, and you need money for everyday operations – to pay employees, buy inventory, cover utility bills, or handle any unexpected expenses. Working capital loans are designed for these situations. They provide you with the necessary funds to keep your business running smoothly. It’s like having a financial safety net. Lenders look at your business’s current assets (like cash, accounts receivable, and inventory) and subtract your current liabilities (like bills and debts). The remaining amount is your working capital. If it’s not enough to cover your short-term expenses, a working capital loan can fill that gap. These loans are short-term and meant to be repaid quickly, once your business is back on its feet. They’re a practical solution to manage day-today finances and ensure your business continues to operate without hiccups.
A business’s working capital provides a good indication of its financial health and capacity to function. Sometimes a business may not have the cash it needs to cover the daily operations of the business. Whatever the reason for not having enough capital on hand and needing more, a working capital loan may be required to get the business through a busy financial period. Funds from this type of loan won’t keep the business afloat forever. They are intended to get the business over the hump or until it’s able to find a more permanent solution to its cash flow challenge.
Working capital loans for small businesses or growing companies are available from various lending sources. With a working capital loan, a business borrows a lump sum of cash for daily operations and uses the funds as it needs them. As with most loans, the business agrees to repay the loan over a set period with fixed, monthly payments. For further questions, or to submit an inquiry feel free to contact us and we will connect you with our working capital loan expert team.
A business merchant cash advance is a type of funding where a business receives a lump sum amount in exchange for a percentage of its daily credit card sales, plus a fee. Repayments are made automatically through a fixed percentage of daily card transactions until the agreed-upon amount is paid back. It's a quick way for businesses to access capital, but the cost can be relatively high due to fees associated with the advance.