Working Capital

Working Capital Loans can be obtained and used for most business purposes including:

Here are some of the business working capital programs available:

Micro Loans are small loans ($35,000 and under) for start-up and/or newly established small businesses. The SBA provides funds to non-profit community lenders which then make the loans to business borrowers with the credit decision made locally. The maximum term microloan is 6 years with each lender having their own lending and credit requirements. However all microloans require some type of collateral and the personal guarantee of the business owner. Micro Loans normally require that small business owners applying for financing must fulfill training and business planning requirements before a loan application is accepted.

Credit Card Receipt Advances. A Merchant Cash Advance loan up to a $500,000 that is secured against your regular occurring monthly merchant credit receipts. The loan is paid back via automatic deduction from future credit card transactions. Compared to a traditional small business loan, a business cash advance have a few advantages. There is no collateral, no fixed payments, no credit scores required, use the money for whatever you need. Read more about a merchant cash advance, or apply through the form in the right column on this page.

Sell Account Receivables. Your account receivables are purchased at a small discount and you get cash now.

Business Credit Cards. These loans are unsecured and usually do not exceed $25,000. Loan limits are based on your personal credit score and not your time in business.

Sale and Leaseback Sale of an asset for cash, with a contract to lease the asset back from the funding source purchasing the asset. Sales tax can be an issue here with this type of funding.