What it is
Working capital loans pay ordinary operating costs when bills come due before customer payments arrive. People often compare a business line of credit, which can be drawn more than once, with a term loan for a known gap. Naming either product is optional, and neither is an approval.
What's typically needed
- Latest three months of business bank statements
- Time in business
- A government-issued photo ID
- Basic business details, such as legal name and industry
- The operating costs the funds would cover
Start application
Applying has no impact to your credit. Submitting this form does not pull a credit report.
Related: Business line of credit · Term loan