What Is a Working Capital Loan?
Simply put, working capital is the amount of capital you have on hand to keep your business running. With many businesses — especially small businesses — a significant portion of revenue can go towards payroll, inventory and keeping the lights on. Working capital is a great way to help pay for those everyday expenses if revenue is tight, or to help pay for new opportunities as they arise.
Uses for Working Capital Loans
New Business Opportunities
Inconsistent Cash Flow
New Employee Hire
What Does The Business Backer Offer?
There are three funding options available through The Business Backer that can be used for all sorts of working capital expenses. Check them out and contact us to see if any of them are a good fit for your business.
From Application to Funding in 3 Easy Steps
One of our experienced Funding Advisors will call you shortly.
Receive a decision.
Your Funding Advisor will help determine the best financing option after you submit 3 months of business bank statements.
Receive your funds.
Sign your contract and receive funds as soon as next business day, if approved.‡
The Business Backer is temporarily not accepting new applications.
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FAQ About Working Capital Loans
Can I get a working capital loan with no credit check?
When people refer to loans with “no credit check,” they’re talking about checking an applicant’s eligibility without negatively impacting their credit score. The Business Backer conducts a soft credit inquiry to determine eligibility, so you can apply without it affecting your credit score.