Working Capital Business Loans
Did you know that getting the best working capital loans is easier now than at any time since the great recession?
What are Working Capital Loans?
Working capital business loans are any types of loans that are used to operate your business on a day-to-day basis.
You don’t want to use a working capital loan to purchase anything considered to be a long-term investment or asset.
The reason is simple.
These daily operating expenses can include, payroll, rent, immediate renovations, debt consolidation, marketing or purchase inventory (to name but a few).
What are Working Capital Loans Used For?
Working capital is simply the money or funds a business has available to pay its day to day invoices. This is nothing more than the cash on hand to “pay the bills.” Typically, you do not need a business loan calculator nor do you need to be an expert at reading financial statements to know if you have enough money at the end of the month. These funds are what’s available either in the business checking account or in the businesses savings account.
The challenge that most business owners face is the ebb and flow of their account receivables. This is the situation when there is too much month at the end of the money. Unfortunately, most businesses do not have the luxury of dependable, predictable and steady revenue all year round.
It’s not just the unpaid customer invoices that put a strain on the cash flow. A businesses working capital surplus or deficit can reflect various sales cycles or seasons. Landscape companies in the Northeast have the spring, summer and fall months to do most their business. It’s not unusual for these companies to remove snow during the winter. But what happens when there is no snow? The company is still required to meet its payroll needs, equipment maintenance and preparing for the spring season.
This is a prime example of a company that will look for working capital business loans to (sometimes referred to as bridge loans) to meet the cash shortage. A company like this will also look to short term business loans for its business funding since the busy season is right around the corner.
Are Working Capital Loans a Good Idea?
Sunwise Capital, a leading top 10 direct lender, provides commercial finance to companies of all sizes. Our typical client has annual revenue from $200,000 to up to $20M. The reason why this type of loan is so popular is that it’s fast and easy to get business funding. Even those business owners that have personal credit score challenges, we provide one of the best unsecured business loans. We can offer established businesses better annual interest rates and terms than traditional banks. Starting rates as low as 5.49% to help you grow your business.
Can Capital Loans Work?
Sunwise Capital is one of the capital sources that helps you get your loan application to “YES.”
We can help you get the amount of money you need today. Whether it’s business loans for women or loans for bad credit, as one of the leading financial institutions, we can help.
Private Money Lenders Like Sunwise Capital Doesn’t Cost You More
Our staff is well trained to support your business and provide financing solutions just for you. We’ve perfected our business lending model and help thousands of businesses in hundreds of industries.