TRUST CAPITAL Blog

Business everywhere are looking for affordable ways to finance their business ventures, whether they are opening their doors for the first time or just trying to get to the next stage of business. Some businesses need capital to get started, while others run into problems with market demand (a good problem to have).

 

For businesses that have been operating for a while, or have already acquired certain types of qualifying equipment), there’s another unique, less known financing option available for you called equipment sale leaseback.

 

What are the advantages of a working capital loan?

If you need financing for your company’s everyday operations, a working capital loan is a great choice. Advantages include:

1. A working capital loan will help you eliminate any gap between cash flowing into operations and cash flowing

A small business loan is a true business finance loan with a fixed interest rate and term. A cash advance is not considered a loan. No need to change credit card processor's with a small business loan. With a cash advance you must change processors. On a small business loan lenders report your payment history to the credit agencies. On a cash advance there are no credit benefits. Both products are great for business cashflow needs and both have a quick approval process. Typical uses for both products include inventory, equipment, temporary cash flow management (if your sales volume fluctuates), working capital supplementation, marketing to generate new business, and unexpected business opportunities that you just can't pass up.

Business owners with strong company cash flow, despite their personal credit record that need quick access to capital benefit from a working capital loan. Generally businesses can be approved with a One-page loan application, previous 3 months of bank statements and previous 3 months of credit card statements. Business owners get decisions in as fast as 1 business day; funding in as fast as 2 business days.