Working Capital Loans San Diego | Working Capital Lender

What Is a Working Capital Loan?

Working Capital Loan describes a variety of small business financing options each with short payment terms (generally under 24 months) and small regular payments (typically paid each business day) as opposed to the larger monthly payments and longer payment terms of traditional bank loans.

What Are the Benefits of a Working Capital Loan?

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
Funds Can Be Used for Any Business Purpose
Almost All Business Types and Industries Can Qualify
Fast Approvals – Often Same Business Day
Less Documentation and Faster Funding Than Other Options

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How Does It Work?

A LendSpark Business Loan is based upon a number of factors including the business’s cash flow, frequency of bank deposits, industry type and owner’s credit. Fixed payments are automatically transferred via ACH on a daily or weekly basis until the obligation has been met.

The business owner submits a one-page application along with the past 6 months business bank statements and, if available, the past 4 months Merchant Processing Statements. Within 24 hours a funding offer can be presented, and funding can be provided within 1-2 days of a client-executed MCA agreement.

Who Qualifies?

Companies with 6+ Months Time-in-Business
Companies with Sales of $15,000+/month
Bad Credit OK
A Bank Account and Associated Bank Statements That Are Separate from the Business Owner’s Personal Accounts
No More Than 5 Insufficient Funds Days in Any One Month

“Working Capital Loan describes a variety of small business financing options each with short payment terms and small regular payments.”

Apply For Financing