Revolutionize Operations with Secret Working Capital Loan Magic

Types of Working Capital Loans

There are several types of working capital loans available, each tailored to different business needs:

• Term Loans: These are lump-sum loans repaid over a fixed period, ideal for businesses with specific funding needs.
• Lines of Credit: Offering flexibility, lines of credit allow businesses to draw funds as needed, paying interest only on the amount used.
• Invoice Financing: This option lets businesses borrow against outstanding invoices, providing immediate cash flow while waiting for customer payments.
• Merchant Cash Advances: A lump sum is provided upfront, repaid through a percentage of daily credit card sales, suitable for businesses with high card transaction volumes.