Working Capital

Need to make payroll, make a down-payment on new equipment, or capital to invest. This type of funding can be in your bank account in as little as 24 hours.

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Working capital is an accounting term that you may not hear very often, but may very well be a key player in your company’s success. It affects almost every part of your business, from paying vendors, employees, rent and being able to plan for future company growth. Your Company may not take credit cards, your personal credit may not be the best. Your local bank may have turned you down, or is requesting collateral. This is where an alternative funding option such as Working Capital Cash Advance may be your best option. This type of funding is based on your company’s revenue, and ability to repay. So, you are guaranteed a payment you can afford. Approvals can be in a matter of hours.

Pros

  • Easy application process.
  • Very little paperwork is needed to apply for Working Capital.
  • You may be approved and capital disbursed in as little as 24-48 hours.
  • No collateral is needed for this type of funding.
  • Repayment is withdrawn in small daily/weekly payments directly from your Business Bank Account.
  • Since this type of funding is not based on your credit score, but on your company monthly revenue. You can qualify with a Credit Score as little as 450 Fico.

Cons

  • Working Capital is a short-term solution for your business.
  • Daily payments may affect your business if you’re not generating enough revenue.
  • Cost of this type of funding can be from $.20 to $.45 cents on the Dollar.
  • This type of funding is normally from 3 to 11 months.

Requirements

  • Time in business is a minimum of 6 months.
  • Business monthly income of $10,000 +
  • 3 to 6 months of your monthly business bank statements.
  • Fill out our one-page application.