Working Capital Made Simple
What is a Working Capital Loan?
A working capital loan is a type of financing that is specifically designed to help businesses cover their day-to-day operational expenses. These expenses can include things like payroll, rent, inventory, and other essential costs that are necessary for the business to continue operating smoothly.
Working capital loans are often used by businesses that are experiencing temporary cash flow shortages, or by those that need additional funding to support growth and expansion.
How is a working capital loan different?
Unlike other types of loans, working capital loans are typically short-term (generally under 24 months), have relatively low interest rates, and small regular payments (typically paid each business day).
They are also unsecured, which means that the borrower does not need to provide collateral in order to obtain the loan.
In many cases, working capital loans can be obtained quickly and with minimal paperwork, making them an attractive option for businesses that need funding fast.
Get back to what you do best.
At SEN Capital, we provide flexible capital solutions to a wide range of businesses. We recognize the urgency of our clients’ financial needs and the importance of receiving timely approvals.
Whether you’re seeking to expand your business or require immediate cash flow support, we’re here to assist you every step of the way.
- Credit Card Processing is Not Required
- Programs for Almost Every Credit Type and Score
- Fast Turnarounds with 24-Hour Approvals
- Funding up to $1,000,000 in as Little as 5 Days
- Payback Periods up to 24 Months
- Fast Approvals – Often Same Business Day
How Does It Work?
A SEN Capital Business Loan is tailored to fit the unique needs of each individual business, taking into account factors such as cash flow, industry type, frequency of bank deposits, and owner’s credit. Fixed payments are conveniently transferred via ACH on a daily or weekly basis until the obligation is fulfilled.
To apply for a business loan with SEN Capital, the business owner simply needs to submit a one-page application and provide the past 6 months of business bank statements, as well as the past 4 months of Merchant Processing Statements if available. Within 24 hours, a funding offer can be presented, and funding can be provided within 1-2 days of the client’s execution of the MCA agreement. With SEN Capital, businesses can quickly and easily access the financing they need to grow and succeed.
Who Qualifies?
• At least 6 months of time-in-business
• Monthly sales of $15,000 or more
• Bad credit is acceptable
• A separate bank account and bank statements for the business, not linked to the owner’s personal accounts
• No more than 5 insufficient fund days in any given month.
