Working Capital

Overview

What is a Working Capital Loan?

A working capital loan is a loan that’s used to finance the daily business operations, including product development, sales and marketing, wages, and several other activities that seem crucial for your business. Of course, you would not want to put your operations at a halt or prolong growth opportunities, which is why a working capital loan comes to your rescue.

Advantages of a Working Capital Loan

Funds can be used for all business purposes
Quick approvals – often the same business day
Less documentation
Quicker funding than other options
You can get funding up to $1,000,000 in not more than 5 days
Programs for every credit score and type
Retain full decision-making power

Working capital loans provide small businesses with the necessary funds that they need to cover a temporary financial crisis. This way, you (as a business owner) can swiftly get back to normal daily operations. You can even pay off serious liabilities and focus all your attention on what you do best. Unlike long-term debt, the terms to pay back a working capital loan don’t exceed 12 months.

Who Can Qualify for a Working Capital Loan?

Companies with sales of over $15,000 per month
No more than 5 inadequate fund days in any month
Bad credit OK
Companies with over 6 months time in business
A bank account and associated bank statements that are separate from the personal accounts of the business owner.

What Can Working Capital Loans Be Used for?

While a working capital loan can be used for any business purpose, it is usually used for daily expenses, such as rent, inventory, and payroll.

Working Capital is the Answer for Your Small Business!

So, are you ready to grow your business? No matter what your obstacles – tax liens, no assets or collateral or low credit score – Biz Loan Bankers is here to help. We will offer you a working capital program tailored to fit your needs.