Working Capital Programs

One of the most important aspects of running a business is working capital. To ensure smooth operations, it’s essential to have funds readily available whenever needed. Working capital loans are granted based on the current state of your business operations, with loan amounts ranging from small sums up to approximately $350,000. These loans can be obtained more quickly compared to other financing options. However, there are various types of products available, including bank and non-bank options, each with different processes and guidelines. We assist you from the beginning to the end of the loan process.

Bank Working Capital Programs

SBA 7(a) Working Capital Program

Amount: $50,000 – $350,000
No house collateral required
Interest Rate: Prime + 1% – 4%
Repayment Term: 10 years
SBA Guarantee to Bank: 70%-80%
Processing Time: 1-2 months
Business Age: At least 2 years
Required Documents: Tax returns for the past 2 years
Personal Credit Score: 700 or above
Eligibility: U.S. Citizens only

SBA7(a) Express 30-Day
Fast Working Capital Program

Loan Amount: $50,000 – $150,000
Funding Time: As little as 30 days
No house collateral required
Rate: Prime + 3.75%
Term: 10 Years
SBA provides a 70%–80% guarantee to the lender
Time in Business: over 2 years
Two years of filed tax returns
Minimum personal credit score of 675
U.S. citizenship required

Bank Term Loan

Loan Amount: $50,000 – $500,000
Interest Rate: Prime + 2% – 7%
Repayment Term: 2 – 7 years
Collateral may be required in some cases
Funding Timeline: Approximately 2 – 3 months
Business must be in operation for at least 2 – 3 years
Last two years of tax returns required
Personal credit score of 700 or higher
U.S. citizens and permanent residents eligible

Bank Business Line of Credit

Loan Amount: $50,000 – $250,000
Interest Rate: Prime + 1% – 5%
Repayment Term: 1 – 5 years
Interest-only minimum monthly payments available
Pay interest only on the amount you use
Funding Timeline: Approximately 1 – 2 months
Business must be in operation for at least 2 years
Last two years of tax returns required
Personal credit score of 700 or higher
U.S. citizens and permanent residents eligible

Non-Bank Working Capital Programs:

Fast & Easy Short-Term Business Funding
Merchant Cash Advance (MCA)

Funding Amount: $10,000 – $800,000
Repayment Term: 6 to 18 months
Fast and simple financing solution
Funding Time: As fast as 1–2 business days
Free Pre-Approval: 1–2 business days
Business must be in operation for at least 6 months
No tax returns required for funding up to $100K -$150K
Available even with less-than-perfect personal credit
Minimum monthly revenue/bank deposits of $20,000 required

Fast & Easy Business Line of Credit

Credit Line Amount: $30,000 – $350,000
Faster approval and funding than traditional banks
Access funds only when you need them and use only the amount you need
Repayment Term: 12 to 18 months
Minimum average daily bank balance of $5,000 required
Funding Time: As fast as 1–2 business days
Free Pre-Approval: 1–2 business days
Business must be in operation for at least 3 years
Competitive Rates: Approximately 12% – 20%

*What is the Prime Rate?

The prime rate is the base interest rate that banks in the United States use when lending to the most creditworthy businesses. It is typically set by major banks such as Wells Fargo, Chase, and Citi. These banks are influential in the financial market, and their prime rate impacts overall market interest rates. The U.S. prime rate significantly affects various financial products, including mortgages and business loans, serving as a benchmark interest rate.