WORKING CAPITAL LOANS
Smooth out seasonal dips in revenue, fund new personnel, or bring in extra supplies with a working capital loan. Working capital is the lifeblood of your business, ensuring the flow of your daily operations. Without it, your company’s health could suffer. We’ll help you find a loan that fits so you can thrive.
WORKING CAPITAL LOANS
What are Working Capital Loans?
If you find your business is low on working capital, a working capital loan is a great way to bring in cash. Many types of businesses rely on just a few months to bring in what they need for the rest of the year. Retail, hospitality, and outdoor recreation are examples of industries that rely heavily on a seasonal influx. A working capital loan helps your business weather the dips in the yearly cycle. When revenue is up again, payments can be made toward the loan. If you think your business could benefit from a boost, talk to one of our dedicated brokers today. We’ll find you the right tools to keep your business running.
ADVANTAGES
Be approved in as little as 24 hours.
Smooth out bumps and dips in annual revenue.
Use the funds for any business need.
A wide range of options is available.
READY TO GROW YOUR BUSINESS?
WORKING CAPITAL LOANS
Options
SBA 7(a)
Businesses with less than $5M in annual revenue can qualify for an SBA-backed loan from a private lender. The SBA guarantees loans for small businesses that have been turned down by other lenders. Ask us how you can get started and get $5M or more in working capital.
LINE OF CREDIT
Use your cash balance when you need it. Pay it back when you don’t. A line of credit lets you borrow from your account as often as you want without having to apply for a new loan. Even if you don’t have great credit, a secured line of credit can work for you. Ask us how today.
FACTORING
Bring in additional working capital by selling your company’s invoices, purchase orders, and other accounts receivable. Get paid ahead of time for the money your clients owe so you can move forward on your next order. We’ll show you how easy it is to boost your working capital.
READY TO WORK TOGETHER?
Let’s connect and explore financing solutions
that align with your goals.
FAQ
Q. What is a working capital ratio?
The ratio is another way of measuring the health of your business’s cash flow. It’s calculated by dividing your current assets by your current liabilities. A ratio of 1.5 to 2 indicates that you’re in good financial shape.
Q. When is a working capital loan not a good fit?
If you need to make a major purchase like real estate or equipment, a working capital loan likely isn’t the right fit. We can help you discover affordable real estate and equipment financing for short-term and long-term needs.
Q. How is a line of credit different from a credit card?
Corporate credit cards and lines of credit share some similarities. However, there are a few important distinctions. Lines of credit typically have lower interest rates and higher credit limits than credit cards. Some lines are non-revolving, meaning once the balance is used, the account closes.
Q. Can I use other SBA loans for working capital?
The most popular SBA-backed loans are the 7(a) and the 504. Out of the two, only the 7(a) can be used for working capital. However, there are variations of the 7(a) and other offerings with SBA backing. Let us know what your needs are and we’ll find financing that fits the bill.