Working Capital Loans for Small Business
Need access to cash flow fast? Apply online for a working capital loan up to $500,000.
Find Out How Much Cash Your Business Could Receive
What a Working Capital Loan Can do For You
Working capital loans, also called working capital financing, are financial products designed to provide businesses with the funds they need to cover short-term costs including payroll, utilities, supplier invoices, and other operating expenses while they wait for cash flow to come in. These types of business loans are a great option for stabilizing cash flow as a busy season starts and during lulls and periods of reduced cash flow. They're popular because they can be customized to the immediate financial needs of your business.
You can use a working capital business loan from QuickBridge to cover temporary cash shortfalls as a way to maintain daily operations and keep your business running smoothly. Because working capital loans are designed for immediate vs. long-term needs, they have shorter payback terms (usually up to one year) and sometimes a higher interest rate, as the payments are not spread across a longer period of time. Determining how much working capital your company needs is easy to calculate.
How to Calculate Working Capital Before Taking a Loan
Working capital is calculated by taking your company's current assets and subtracting its liabilities. Assets include accounts receivable, inventory, and cash on hand. Liabilities include payments due and other expenses.
Current Assets - Current Liabilities = Working Capital
Here's how to calculate the amount of working capital you need take via a business loan:
Working capital costs - Cash on hand that you do not need in the bank = Amount of working capital to apply for
By following the above steps, you'll know the amount of capital you need to keep your company operating during short-term lulls in cash flow.
Apply for Your Working Capital Loan Today
The here and now is just as important as planning for the future. With your working capital loan from QuickBridge, you'll have a steady flow of cash to sustain critical operations and help your business through lean times.
Our dedicated Funding Advisors are committed to finding the best small business loan for your needs, ensuring you have the resources to maintain smooth operations and capitalize on growth opportunities. Because working capital loans are designed for immediate business needs, QuickBridge works fast to help you secure funding. There's no delay or unnecessary paperwork, so you're empowered to make quick decisions to drive business forward.
How You Can Use a Working Capital Loan
You can use your working capital loan from QuickBridge to bridge a gap in cash flow, take advantage of growth opportunities, cover the costs of emergencies, cover operational expenses, and fund your short-term projects. It is the flexible financing option designed to keep your day-to-day operations running smoothly. With working capital financing, you can focus on your business—rather than spend time looking for ways to cover immediate expenses.
Bridge a Gap in Cash Flow
Capitalize on Growth Opportunities
Cover Emergency Expenses
Fund Short-Term Projects
How to Apply for a Working Capital Loan
Applying online for a working capital loan with QuickBridge is an easy three-step process.
- Fill out the form on this page.
- A Funding Advisor reviews your application and works with you to create tailored options.
- If approved, you'll receive funds fast.
While traditional banks have difficult and long application processes, alternative lenders like QuickBridge eliminate rigid requirements and unnecessary paperwork. We believe securing a financing solution for your business should be as easy as possible. Once you submit your application, one of our dedicated Funding Advisors will work with you to find the right funding solution for your business.
Simply Apply Online
The application process is easy and only requires a driver’s license and bank statements.
Get a Quick Credit Decision
We provide fast credit decisions and offer flexible payment options that best fit your specific needs.
Receive Funds Fast
If a credit approval is established, funds are sent directly to your bank account in matter of days.
What Small Business Owners Say
Types of Working Capital Loans
There are multiple types of business loans that are considered working capital loans, including short-term financing, business bridge loans, payroll loans, and inventory financing. This is because working capital is a reference to any immediate or short-term expense that separates your current assets from your current liabilities and is required for your day-to-day operations.
If you need to cover multiple short-term expenses, a general working capital financing loan will be a great option. For specific needs, there could be a tailored type of working capital loan from QuickBridge that better matches your business goals. Here are a few types of working capital financing options we offer.
Short-Term Financing
Short-term financing is a type of working capital loan designed to cover immediate business needs with repayment terms lasting up to one year. This loan type is best suited for businesses that are looking to capitalize on a growth opportunity, meet increased demand, or fund a short-term project.
Inventory Financing
This type of working capital loan covers payments to suppliers while you wait for accounts receivable to clear. It can also be used to quickly restock your inventory if demand spikes. You can even use this type of working capital financing to take advantage of large quantity discounts as they become available.
Business Bridge Loans
A bridge loan is a short-term financing solution that is designed to bridge a cash flow gap by giving you quick access to funds for immediate use. This type of loan can be used for various time-sensitive deals, like acquiring a competitor, stockpiling inventory if a supplier is going out of business, and closing on real estate.
Payroll Loans
Nothing brings a business to a halt like missing payroll. That's why payroll financing is a type of working capital loan that allows you to fund your payroll. Getting this type of loan can be a smart idea if you are staffing up for a busy season, waiting for accounts receivable to come in, or waiting for long-term financing to close if your cash flow is invested in a new asset like a building you acquired.
What are QuickBridge's Requirements for a Working Capital Loan?
To be eligible for working capital financing from QuickBridge, we recommend having:
- · At least six months in business
- · Minimum $250,000 in annual gross sales
- · Fair to excellent credit
At QuickBridge, we take multiple factors into consideration when reviewing financing requests, including the assets you can use as collateral and personal guarantees. Getting approved for a working capital loan is a mix of financial factors, not just two or three. Apply online today with no obligation and see if you qualify.
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Working Capital Loan Questions and Answers
Still have questions? We've got you covered. Here's what business owners ask us about our working capital financing solutions. If you don't see your question below, contact us today or fill out the application form on this page. A Funding Advisor will reach out and be happy to walk you through the details.