
What is a working capital loan? How can it help you? Do you meet the requirements for this type of loan? Do you need to be in a certain industry to take a working capital loan? That’s what we’re here to discuss today. Globelend Capital offers the best rates around the globe, and you’re right in assuming we have the best deals for you. Read below for more information on working capital loans.
What’s a working capital loan?
A working capital loan gives you immediate access to a constant cash flow that you can use for day-to-day operations. It operates on a principle similar to a bank’s credit card. Working capital loans give you access to a default sum of money from which you can withdraw at any time. Repay what you owe whenever possible to reset the loan, allowing for more withdrawals in the future.
You shouldn’t use working capital loans for large, one-time payments. Rather, they’re best utilized for smaller, ongoing expenses like employee payrolls, inventory restocking, etc. In other words, you can think of a working capital loan as a surplus of cash flow to be used in urgent situations.
If you don’t withdraw any money from the loan account, you won’t pay any fees or interest!
Are You Eligible for a Working Capital Loan?
Globelend Capital is a leader in the finance industry, with the best rates all around. We also want our services to be accessible to as many people as possible. That’s why we only have two requirements for getting a working capital loan:
– The business must be more than a year old.
– The company must have more than $100,000 in annual sales.
You must meet these requirements to become eligible for our Working Capital Loan. Even small-sized businesses should have no problems with these requirements. There are no upfront costs, hidden fees, or obligations involved, only a consistent cash flow for your business! Once you apply for the loan and our experts confirm it, we can get you funded in 24 hours.
You also don’t need to be in a specific industry to benefit from our working capital loan. Over the years, we’ve offered this type of loan to virtually any business, including:
– Commercial truck businesses
– Beauty salons
– Bakeries
– Auto repair shops
– Farms
– Retail businesses
– Medical and healthcare businesses
– Construction businesses
– Contractors
What can I use the working capital loan for?
Since a working capital loan functions as a virtually inexhaustible cash flow, there’s no limit to how you can use it. A business can have many day-to-day expenses, some planned and others unplanned, that require immediate access to cash. Globelend Capital envisioned a business’s most urgent financial needs when creating the working capital loan. Here are several things you can do with a working capital loan:
– Employ more staff to support the growth of your business and the increasing client demands.
– Add new services or products to your business, or boost your sales by stocking up on goods that are in high demand.
– Finance new equipment or repair the existing one.
– Manage your regular business operations, even during periods of low cash flow.
The excellent thing about a working capital loan is that it’s the most flexible loan we have. You choose when to pay, and if you don’t withdraw money, you pay no fees or interest. Think of it like a safety fund that only activates when you use it.
Call us at (855) 842-5626 or use our application for more information about working capital loans!