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Working capital loans are a key part of any small business’s growth strategy for various reasons. If you need financial support and are wondering which options are available to you as a business owner, keep your business out of the red and consider securing a working capital loan for your company.
Working capital loans are short-term loans used to cover everyday expenses and operations associated with running a business. Working capital loans are not used to fund long-term investments, but they are certainly an effective way to cover equipment financing and day-to-day financial needs and running costs, like invoicing, paychecks, and small repairs around the office.
There are different types of working capital loans. Each working capital loan has its own set of benefits and advantages depending on your unique business and financing needs.
Here are the five types of working capital loans to choose from:
Working capital loans can be used for various purposes. Some business owners use working capital loans to fund employee paychecks, whereas others use them to cover outstanding bills. No matter your purpose, these small loans can be the difference between keeping your business running smoothly and stressing to keep it alive.
Five ways to use working capital loans include:
Applying for a working capital loan is simple. Trusting a reliable business loan provider like National Business Capital means you can receive advice about which financing program makes the most sense in your situation. Additionally, you’ll be able to compare offers from 75+ various lenders to land on the option that best suits your goals.
Don’t waste any more time stressing over monthly bills, equipment financing, and other running costs associated with keeping your business running. Call National Business Capital at (877) 482-3008 or fill out our 60-second online form to speak with a representative and secure a working capital loan for your company today.
National Business Capital is the top FinTech marketplace offering small business loans and financing. Harnessing the power of leading technology and smart people, we’ve streamlined the application process to secure over $1 Billion in financing for business owners nationwide.
Our Business Financing Experts work within our 75+ Lender platform to match you with the right option. Easily access the best low-interest SBA loans, short and long-term loans, business lines of credit and equipment financing all in one place.
We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
Joseph Camberato, CEO of National Business Capital, developed a passion for business at a young age. Joe started his company in 2007 in his spare bedroom and has grown to secure over $1 Billion dollars in financing for small business owners nationwide. National’s team has an amazing culture and has been name the #1 Top Workplace on Long Island 3 years in a row and counting. Joe is a trusted financial expert who’s published more than 2,000 articles in the last 3 years. His articles have generated over 5 million page views and has been featured on blogs such as Google News, Yahoo, CNBC, Forbes Magazine, etc. His passion has also inspired him to build the "GrowByJoe” YouTube channel where he shares his insights into small business trends and tips for growth. Joe also holds a seat on Forbes Finance Council and is an active member of the Young Presidents' Organization (YPO), a global leadership community.