Working Capital Loans

  • Secure up to $750,000 within 1-2 days
  • No collateral needed
  • Interest rate as low as 7%
  • Flexible payment options
  • 6-month to 24-month term length
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Working Capital Loans

Working capital loans to run your business.

What is a Working Capital Loan?

Working capital loans, also known as operating business capital, are a short-term financing option to pay for the daily needs of running a business. Every company needs capital to operate and grow.

You can use the funds to pay for any business expense including office space rent, buying inventory, paying salaries, and equipment purchases.

Working capital loans options include short-term loans, business line of credit, and invoice factoring. When you apply with Clarify, your dedicated advisor guides you through each option based on your specific needs.

Benefits of Working Capital Loans

Having working capital is critical to run a successful, growing business. Being a type of unsecured business loan, they don't require borrowers to put up any collateral. They are an ideal fit for companies that are in a period of fluctuating cash flow.

Quick financing process

From application to money in the bank, the process takes just 24-48 hours. As a business owner, time is a precious commodity. Clarify's simple lending process lets you focus on running your business.

Ideal for cash flow issues

When you need quick funding that is flexible on payment terms, working capital loans are an obvious choice. They provide an instant infusion of cash to pay for day-to-day expenses.

Maintain complete control

Unlike raising venture capital from an investor, a working capital loan allows you to keep full ownership of your company. You work hard to run your business, so reap the full benefits of the success!

Truthful, clear terms

Navigating small business loan terms can be overwhelming. Your dedicated Clarify partner breaks down your offers from lenders to help you make the right decision. We take pride in bringing simplicity to complex business needs.

Easy approval process

Almost all types of businesses with a credit score of 550+ can qualify for working capital financing. Clarify compares 75+ lenders to identify the best loan for you. We handle all the application paperwork to save you time and money.

Lower cost with tax savings

Each calendar year, you can deduct any interest paid on a working capital loan. The interest being tax deductible further reduces the cost of financing.

Types of Working Capital Loans

There are three core financing options to obtain working capital for a small business:

1. Short Term Loans

A short-term business loan is a fixed amount of working capital borrowed from a lender with an agreed-upon APR. You pay it back with regular payments based on a specified term length.

When you think of working capital financing, the most common option is a short-term loan. They have no collateral requirements.

2. Business Line of Credit

A business line of credit works similar to a home equity line or credit card. You get approved for a fixed amount of capital that you can utilize on an as-needed basis.

You only pay interest on the funds you use and build up your credit score in the process. There are no pre-payment penalties.

3. Invoice Factoring

Invoice factoring, also known as invoice financing, allows you to borrow money by using outstanding invoices as collateral. Lenders provide you up to 99% of the invoice amounts upfront, with the remaining balance paid to you once the unpaid invoices are cleared.

Use-cases for Working Capital Loans:

Allocate working capital towards your most pressing business needs. Here are the top ways in which our funded business owners choose to use financing:

One-Time Expenses:

Sometimes, life throws us a curveball and we’re faced with an expense we didn’t anticipate. Funds can be used to cover urgent expenses and provide financial relief during emergencies.

Cash Flow Gaps:

Shortfalls happen all the time in business. When you have an immediate financial need and don’t have the funds readily available, an infusion of working capital can provide a short-term solution.

Seasonal Slump:

Cash reserves can be used up quickly during a slow season. If your company is experiencing a cyclic dip in revenue, financing can be used to help you get by.

Coronavirus Assistance:

We help businesses who have experienced a financial hardship as a result of COVID-19. Financing can be used to help you whether the pandemic and any related fall out as a result of the novel coronavirus.

Operational Costs:

Loans are frequently used to pay for necessary business expenses, like rent and payroll. Additional working capital can be allocated towards operation expenses, to help your business stay on track.

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Frequently Asked Questions about Working Capital Loans

There are a variety of loan options for business owners to pick from. Some common types include: merchant cash advance, invoice factoring, business line of credit, and short-term loans.
Yes. Small business and start-ups can benefit from an infusion of working capital in a number of ways. The funds can be used to help business owners and entrepreneurs achieve their goals and accelerate growth.
Most lenders will want to perform a credit check as a part of your application process. That doesn’t mean you should be discouraged if your credit is less-than perfect. Various funding options are available to borrowers with wide ranging credit scores.
Business credit lines provide access to working capital. That being said, they are not the same as traditional installment loans. The main differentiator is that for a business line of credit, you only pay interest on the funds you use.

Working capital loans at a glance

  • check Fast funding (as little as 24 hours)
  • check 6-month to 2-year terms
  • check No collateral requirements
  • check Flexible payment terms
  • check Low documentation

Requirements for term loans

  • keyboard_arrow_right 6 months in business
  • keyboard_arrow_right $10,000 in monthly revenue
  • keyboard_arrow_right Credit score of at least 550

Note: These are general working capital loan qualifications. Other information might be considered by lenders. Your dedicated Clarify advisor will walk you through it!
Construction business loans

"I contacted Clarify Capital when I had an opportunity to bid on a new construction and roofing opportunity. Without the working capital provided by Clarify, I would not have been able to buy the materials and hire the labor necessary to complete the job. I know that I can count of them in the future to help support my company’s growth."

Roofing Contractor
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Get approved for a working capital loan today and have money in your account within as little as 1-2 days. Prequalify without affecting your credit! Application process takes 2 minutes.