Working Capital Loans / Get Cash for Any Business Need
We offer Short Term Working Capital Loans which are perfect for business owners requiring cash quickly. These are real loans which help establish and or build business credit and are less costly than receivables factoring. The most common uses for short term working capital loans include: buying inventory, test a new marketing campaign, hire more employees, resolve emergencies or take advantage of an immediate discount or opportunity in the market. Access to fast capital is essential for growing businesses, their survival often depends on it. Bank loans can take weeks while our working capital loans can literally fund within a couple days. When immediate necessity happens don’t get caught trying to scrape money together from family and friends; once you’re approved for your first loan, you can take out another loan whenever needed even if it’s months later or the following year, the ability to borrow will be there just like a credit line.
Key points include:
- Capital available from: $10,000 to $250,000
- Term: 6 – 18 months
- Fast approval in hours and funding within 1-2 days
- Simple 1 page credit application and 6 months bank statements required
- Can generally borrow 8 – 20% of monthly gross revenues or more
- Fixed daily, weekly or monthly payback via ACH
Minimum customer qualifications:
- Only 3 months time in business
- 500 FICO credit score of owner
- Must have business license and commercial location
- Monthly sales revenue of $8,300+ in bank deposits
- A past bankruptcy must be at least 2 years old
This is a great program for getting cash very quickly and easily for any immediate business need. This is much faster than any commercial loan and with more flexible requirement criteria which most businesses are able to meet. To apply for approval please submit a credit application and your current 3 months business bank statements (all pages) and we will review and update you within 24 hours.