Working Capital Funds
- Showing revenue? Access flexible working capital funds to grow your business.
- A popular business expansion tool because it's easiest to qualify for.
- Finance short-term business expenses, like rent, payroll and inventory.
Take advantage of an 85% approval rate - act now!
What is a Working Capital?
Working capital funds, often referred to as a bridge loan, or merchant cash advance is not a loan. Instead of a standard loan structure, it involves receiving an upfront cash advance in exchange for a percentage of your daily credit card and debit card sales or monthly revenue. The unique aspect of working capital is that it can provide a swift and hassle-free method to obtain a business cash advance, without requiring collateral, even if your credit score is not ideal.
Unlike conventional loans, a working capital fund doesn’t follow the typical repayment terms based on fixed installments. Instead, the remittance is directly tied to a portion of your business’s sales or revenue, making it more flexible and aligned with your cash flow. This arrangement allows you to remit the advance at a pace that corresponds to your business’s performance.
Whether you need to cover immediate expenses, manage inventory, or seize growth opportunities, working capital funding can offer a convenient solution. By bypassing the need for collateral and considering your sales or revenue as the repayment source, this financing option provides accessibility for businesses that may not meet the requirements of traditional loans.
Working Capital Funding Details
3 -24 Months
As Fast As Same Day
1.10 - 1.45
$5K - $25M
Working Capital Pros vs Cons
PROS
Quick & Simple Application Process
Low Credit Score Accepted
Prepayment Discounts for Early Payoff
CONS
Annual Costs Can Be Higher than Traditional Loans
Can Be Shorter Length Compared to other Loan Options
May Require A Personal Guarantee
How do Working Capital Funds work?
Working capital funding or a merchant cash advance is the preferred option for many businesses that need fast access to capital. Whether you’ve come across a growth opportunity that’s too good to pass up or you need capital to cover the equipment that finally bit the dust, working capital funds has you covered. And you can often get funded in just 24 hours.
Once the funds are advanced to you, you’ll remit the funds by having a percentage of your daily credit card deposits withheld for the funder.
Who Qualifies for a Working Capital Financing?
Would Your Business Benefit From Working Capital?
Working Capital financing from Upwise Capital is designed to provide flexibility to a wide range of business types and situations. We understand that every growing company has unique needs and circumstances.
If your financing needs involve:
- Maintaining daily operations and covering regular expenses
- Improving cash flow during seasonal fluctuations
- Bridging gaps between purchase and payment cycles, or longer term financing
- Financing marketing initiatives or inventory purchases
And your business:
- Has been in operation for at least 6 months
- Generates at least $200,000 in annual revenue
- Accepts major credit cards as a form of payment
Then working capital financing may be able to help, even if your business:
- Is newer with limited financial history
- Faces cash flow constraints due to credit or personal factors
- Needs funding without using traditional collateral
By focusing on your business operations, cash flow, and payment processing, we strive to provide accessible financing solutions to companies in expanding industries. Contact an advisor today to explore if a working capital loan is the right fit.
Merchant cash advance providers tend to have easy eligibility standards, so most small businesses shouldn’t have a problem qualifying.
Working Capital Requirements
any
over 500+
over $200K
6+ months
* Note: These working capital requirements are based on previous Upwise customers and is just an average.
Gain Access to Funds That Support Growth with Working Capital Funds
What does Working Capital cost?
Let’s look at how you can calculate the actual cost of a merchant cash advance.
A Cost Example of a Working Capital Product
Say you’re advanced $20K with a factor rate of 1.18.
$20K multiplied by 1.18 is $23,600, which is what you’ll need remit with your daily credit card transactions.
If your funder will be taking 15% of your future credit card sales and you’re estimating $25K a month in credit card transactions, you’d remit that advance in approximately 189 days with a daily remittance of $125.
You can also remit the advance on a weekly or bi-weekly options, if the funder offers that and if you qualify.Â
When is the Cost Worth It?
Merchant cash advances are fast, convenient, require little documentation and are great for those with a poor credit rating. They tend to be worth their price only if you’re confident you can remit them quickly and without much harm done to your cash flow.
Apply for Working Capital Funds Now.
- Pursue new opportunities, upgrade operations, support inventory or boost marketing efforts.
- Bridge the gap in your company's cash flow or between longer term financing goals
- Apply today to unlock working capital that supports your goals without restrictions
Stay ahead of the curve - get access today!
Documents You'll Need to Apply
Driver’s License
Voided Business Check
Business Bank Statements (Last 4 Months)
Credit Score
You may also be requested to provide the following for larger dollar amounts over $100K:
Balance Sheet
Profit & Loss Statements
Business Tax Returns
Personal Tax Returns
Sometimes business opportunities or unexpected expenses require fast access to funds. While conventional loans have lengthy approval cycles, you may not want to delay pursuing opportunities or solving problems. That’s where a working capital loan shines – it provides the cash flow flexibility to respond quickly without red tape.
Rather than waiting weeks or months, our streamlined application evaluates your business’s financial health and payment processing. If approved, funds can be in your account in as little as 1-3 business days. Best of all, repayment is simple through agreed-upon daily or weekly deductions based on a percentage of your card sales or bank deposits. This innovative model lets you borrow against future earnings and optimize your cash flow on your terms.
Why Upwise for a Working Capital Financing
Quick & easy application
Our simple 15-minute application gets you on your way to funding quickly. Most applicants receive a fast decision within hours of applying. Then just choose your funding type and you could have funds deposited into your account as soon as 24 hours.
Ensure you make the wise choice
Every Upwise applicant gets a dedicated funding advisor who takes the time to understand your business and it's unique needs. We are here for your support throughout the entire funding process.
Access multiple financing options
Upwise has an extensive product suite and a network of 100+ funders. This means you're more likely to find the best match for your funding needs.