Working Capital
Regardless of its long-term assets, a business that cannot meet short-term expenses is like a sinking ship. If your business lacks working capital, we can give you a boost to keep things afloat.
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What is Working Capital Financing?
Working capital is the lifeline of every business as they are used to fund everyday business needs like supplies, rent, payroll, and other operational costs. It is what measures a business’s ability to handle short-term expenses. It is also an indication of your business’s efficiency in using its resources. You can calculate your business’s working capital by subtracting your current liabilities from your current assets. High-value assets don’t count as working capital if they can’t be turned into cash right away. The result is how much working capital your business has. If your business is short on working capital, we can help you get working capital through a number of financing options.
Hard Money Loan
Consider leveraging the value of your business’s assets with a hard money loan. You can get the value of those assets in cash and convert it to working capital.
Lines of Credit
You can set up a line of credit for your business to take from all year long. Borrow whenever you’re short on funds and pay down the balance when sales are up.
SBA 7(a)
SBA 7(a) loans are used to cover working capital expenses. Talk to us today. Let us connect you with an SBA-certified lender that can provide you with the cash you need to handle purchases, utilities, marketing, payroll, and more.
Factoring
Why worry about handling everyday business expenses when you can sell your accounts receivable for extra cash? Turn your AR assets into the working capital your business needs.
Advantages of Working Capital Financing
- Boost working capital quickly.
- Choose from secured and unsecured financing.
- Access loans with low credit.
- Have a backup plan for emergencies.
- Choose from a wide variety of options.
- Smooth out seasonal income fluctuations.
Frequently Asked Questions
Which assets are used to calculate Working Capital?
When calculating working capital, you should add cash, accounts receivable, and inventory as part of your current assets. Your prepaid accounts should be included too. Whatever you plan to sell or use within a year counts as current assets.
When is Working Capital financing not a good fit?
Working capital financing is for day-to-day expenses. If you are looking for loans to cover the costs of large projects like purchasing heavy equipment or real estate, this is not the loan for you. We can help you find a long-term option tailored to your needs.
What is the best way to finance Working Capital?
Your specific business type will determine the best way for you to go about working capital financing. Tell us about your business. The details we gather will help us come up with the perfect financing solution to boost your business’s working capital.
How do I qualify for Working Capital financing?
There are different types of loans for working capital, so the qualifications vary. While some loans are based on the value of your assets, some are based on your credit history. Why don’t you tell us about your working capital needs? Together, we can explore options that fit.