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WORKING CAPITAL

Payroll, utilities, office supplies, and fleet maintenance aren’t usually major expenses, but they are necessary to keep business moving. Working capital is how businesses address those daily needs. When your business needs a boost to its working capital, contact us to find a loan that’s right for you.

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What is Working Capital?

Working capital is the lifeblood of your business. It’s what enables you to pay employees, bring in supplies, and keep the lights on. But businesses that rely heavily on one quarter’s sales can struggle with working capital for the rest of the year. A working capital loan helps even out this yearly cycle by providing operating funds during slow periods. When business is up, payments can go back to the loan.

Working capital loans are some of the most flexible financial tools out there. Not only can the funds be used for just about any business expense, but there are a variety of loans to choose from. It’s important to us that you have options. We work with a broad network of lenders to connect you with the best available loans. Then, we sit down with you and select one that suits your needs exactly.

Line of Credit

A working capital LOC is ideal for any business that needs to withdraw funds regularly. Borrow only what you need and pay back to free up more credit. Interest is only charged on the amount withdrawn.

Factoring

Unleash the power of your accounts receivable to pull in fast cash when you need it. Sell your invoices, purchase orders, and contracts to a factor. The factor gives you cash upfront and collects repayment directly from your clients.

SBA 7(a)

The Small Business Administration helps business owners get approval for working capital loans. Acting like a cosigner on the loan, the SBA encourages lenders to approve loan applications. Let us help you navigate the application process.

ADVANTAGES OF

WORKING CAPITAL

  • Get the cash you need to launch special projects.
  • A line of credit lets you borrow as often as you need to.
  • Loans are available, even for businesses with poor credit history.
  • Applications approved in as little as 24 hours.
When is a Working Capital Loan not a good fit?

Working Capital Loans are typically short-term financing tools. If you need to hold assets for an extended period, consider one of our long-term solutions.

How much working capital do I need?

A good measure of your working capital is to take your annual liquid assets and divide them by your expenses for the next year. That gets you your current ratio. If that number is less than one, your business could be in trouble.

My business has plenty of assets, why do I need working capital?

Even businesses that have a lot of accumulated assets can struggle with working capital. If those assets can’t be easily liquidated to pay bills, the business will be in trouble.

Are Working Capital Loans only for struggling businesses?

No. Many business owners utilize working capital loans to give a boost to special projects. Convention displays, new marketing campaigns, onboarding new hires, and updating office interiors can all benefit from an injection of working capital cash