As you get started with your new business, you may find that you are paying out of pocket for payroll, office or business space, and other everyday expenses. While you may have some funding up front, this can become tiring and stressful over time. US Capital provides a unique loan opportunity that can take those everyday expense burdens off your back, providing business with fast funds and reasonable repayment periods.
Why get a working capital loan?
Most business line of credit solutions are unsecured.
Access your funds in as little as 1 to 3 business days
An easy process that isn’t hindered by past credit issues
24 Hour Approval
Approvals within 24 hours of your application
What is a working capital loan?
Working capital loans provide financing for businesses that are intended to cover everyday expenses such as rent and payroll, and not longer-term investments such as assets intended to grow the business.
Typical funding ranges from $10,000 - $5,000,000
Our loans range from 3 months to 10 years in length
Our rates start at 9% based on your credit rating
We’re fast and can often fund your loan within 1 to 3 business days
Is a working capital loan right for you?
If you just need funding to cover your daily expenses and not for a large one-time investment, then a working capital loan from US Capital may well suit your needs.
Working capital loans are for business owners who have short-term investment needs or cash shortages.
Benefits of a working capital loan
- Get access to your funds fast
- Availability of unsecured programs
- Your past credit issues won’t hinder you
- Your loan can be used for a variety of business-related purposes
Drawbacks of a working capital loan
- These loans are subject to higher interest rates and fees than traditional business loans
- You may be required to put up collateral to quality for a revenue-based business loan
- Interest rates are higher for lower credit scores
How to qualify for a working capital loan
To apply for a working capital loan, business owners will need to provide three months’ worth of business bank statements. However, revenue-based loans do have a few more requirements than many other more traditional types of business loans. Your approval will be based on your revenue and you will need to prove that you have a steady baseline revenue and that revenue will increase in the coming months.
Working capital loans require business owners to have been in business for at least six months. Further, your business will need to provide business bank statements that demonstrate consistent revenue.
Most customers approved for a working capital loan met the following criteria
- Annual revenue of $180,000 or more
- A credit score of 555 or higher
- Two years or more of business history
To apply, you will need
- Driver’s license
- Voided check from your business account
- Recent bank statements
- A completed application for US Capital
US Capital can help with your working capital loan
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US Capital has helped hundreds of business owners get the capital they need to succeed. You could become the next US Capital success story!
“I needed some capital to cover payroll but my credit union wasn't going to be able to fund me in time. US Capital found me an awesome short term loan that made sense. Shout out to Rick for making it an awesome experience the whole way through!”Patricia WilliamsPaisans Catering Co.
“I landed an awesome contract with the state but needed some new equipment to be able to deliver. I called US Capital and was able to secure a loan to purchase our new trucks and had the funds in my account next day. It was a no brainer, thanks US Capital!”Roger McfeeLambert Paving Co.