Working Capital loans provide a lump sum to help cover short-term operational costs without dipping into savings. It has fixed repayment terms, meaning, you’ll pay the same amount regularly over a set period of time (term), usually ranging from a few months to a few years, until the loan is paid off.

The amount of working capital your business receives depends on several factors such as your business’s revenue or cashflow, credit worthiness and the lender’s eligibility requirements. Generally speaking, strong finances and good credit score provides access to higher amounts and lower interest rates.

Funds can be used for any operational expense – from paying taxes to payroll, repairing or upgrading facilities, or taking advantage of short-term business opportunities like bulk discount on inventory or advance payment to secure a deal.

Some of our Working Capital Programs report to the business credit bureaus, and much like personal credit, maintaining a healthy credit utilization ratio and on-time payments will reflect on your business credit score. A good business credit score ultimately opens doors for better financing options, stronger credibility with suppliers and vendors and reduced personal liability among others.