Frequently Asked Questions
A Working Capital funding is a quick, easy, and trusted financing option for businesses. It serves immediate needs like purchasing stock, expansion, and working capital requirements. Less risky than long-term financing, these loans offer fast approvals, with repayments made through automatic debits from your business bank account.
A Working Capital funding is a quick, easy, and trusted financing option for businesses. It serves immediate needs like purchasing stock, expansion, and working capital requirements. Less risky than long-term financing, these loans offer fast approvals, with repayments made through automatic debits from your business bank account.
Rest assured, your application is safe and secure. We prioritize your privacy and share information only with trusted lenders. Applying is straightforward and typically involves filling out a one-page form, providing three recent monthly business bank statements, and a photo ID. Your age must be between 21 and 65 years to be eligible.
A Working Capital Loan typically lasts between 6 to 24 months and offers competitive interest rates. These loans are usually smaller than other types, designed to address short-term liquidity gaps, and not intended for long-term business goals. Businesses can expect an offer of approximately 10% of their annual revenue.
On average, obtaining a Working Capital Loan takes 1-4 working days, subject to document submission and credit score evaluation. The processing time may vary depending on the lender’s requirements and other considerations.
To qualify for a Working Capital Loan, typical requirements include having a minimum credit score, a certain period of business operation, and a minimum monthly revenue. Lenders may also consider the nature of your industry and the overall financial health of your business.
