Working Capital Loans

Working capital is the money every business uses to handle basic operations. Ideally, a business will have more cash assets than expenses, resulting in a healthy amount of working capital. Businesses can fail if they don’t have adequate working capital, even if they’re rich in other assets like real estate properties. But working capital can be strained by debt maturity, low sales figures, and emergencies.

Working Capital Loan Benefits

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Qualify, even with bad credit.

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Get money quickly to cover short-term expenses.

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Flexible use funding.

What is working capital?

For a financial boost, a working capital loan will provide the cash to cover expenses until the business recovers. Unlike targeted loans like real estate, equipment, and construction financing, a working capital loan can be used for any purpose that benefits the business. That means you can cover payroll, repairs, marketing, or sanitation with the same loan. You decide where to apply funds to best meet your needs. Working capital loans are some of the most flexible financing options available.
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Working capital loans are versatile not only in purpose but in source as well.

They can come from banks, private lenders, the federal government, and credit unions. The best way to get an overview and comparison of all available lenders is to consult with a broker. While banks only show you the loans they service, a broker will help you access multiple lenders at once. Having a range of sources gives you the ability to choose which loan is right for you. If you don’t qualify for one type of working capital loan, there are many more options.

Most working capital loans are short-term, to be repaid in just a few years because they are designed to handle a business’s immediate needs. Use these loans to smooth out the seasonal sales cycle, fund a round of new hires, or rebrand your company. We can help you analyze your working capital needs.

Traditional and non-traditional lenders available to you

In Capital Accessible Through Our Network

Fastest time to funding through Platz Capital

SBA 7(a)

The SBA 7(a) loan is one source of working capital funds. Borrow up to $5M for your small business at a low flexible or fixed rate. For working capital, the 7(a) has a 10-year maturity, but the loan will also cover real estate, equipment, renovations, or a combination of these uses.

Line Of Credit

If your working capital needs tend to rise and fall, a line of credit could be the solution. You can borrow up to your approved credit limit any time you need extra cash. When you pay back into the account, you’re free to borrow the balance again. Great for emergencies, since you can keep the line open as long as you need to.

Short Term

Short-term loans are a great way to handle project costs when you want to do it fast. Applications can be approved in just a few days so you can be ready to launch right away. Once you’ve taken care of business, you can pay down the loan and be free of the debt in a few short months or years.

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Step 1 – Preapplication

This is the step the banks miss. You’ll give us simple information that will help us position you for funding.

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Step 2 – Financing Selection

Our team sources and presents offers along with the critical information you need to make decisions.

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Step 3 – Closing

We facilitate the process from final selection to closing to create the smoothest process possible.

BEGIN THE PRE-QUALIFICATION PROCESS

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F.A.Q.

Q. Do banks have working capital loans?
While some banks do offer working capital loans, they can have tough qualification requirements like high credit scores and long business history. Private lenders tend to have less challenging requirements and will often accept borrowers with bad credit.
Q. How do startups get working capital?
Startups can get working capital loans from many of the same sources as more established small businesses. Lines of credit, specialized SBA loans, and private lenders can be accessed through your broker and customized for your new business.
Q. How do you get working capital with bad credit?
Even if your business credit isn’t what you want it to be, it’s easy to get working capital financing. Factoring is a way to sell the collection effort on accounts receivable that is dependent upon your client’s credit, not yours. Secured lines of credit use collateral to secure the loan, instead of relying on your credit score. Talk to your broker to learn more.
Q. When is a working capital loan not the best fit?
Working capital loans are meant to cover a business’s day-to-day expenses like utilities, payroll, and supplies. If you want to acquire real estate, new equipment, or to begin a construction project, a purpose-driven loan is a better fit. Talk to your broker about real estate, equipment, and construction loans today.