Working Capital Loans

Checking your rate won’t impact your credit score

Working Capital Loans

Checking your rate won’t impact your credit score

How to get a working capital loan

1. Determine your needs. List urgent expenses, estimate costs, and decide if you need a lump sum or ongoing funds. Use a loan calculator to check affordability.

2. Check eligibility. Review lender requirements like credit score, time in business, revenue, and possible collateral.

3. Compare lenders. Look at banks, credit unions, and online lenders; compare rates, terms, and fees.

4. Prepare documents. Have your business plan, financial statements, tax returns, and licenses ready.

5. Apply. Submit your application online; lenders may request extra details.

Best for:

Same-day funding

Best for:

Big loans and no fees

Best for:

Excellent customer service and no fees

Best for:

Bad or no credit

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Best for:

Fast approval

Best for:

Boosting approval odds with collateral

Best for:

Excellent customer service and no fees

Best for:

Small loans and no fees

Best for:

Fair credit

Best for:

Overall personal loans

Best for:

Bad credit

Best for:

Rate discounts

🏷️ How to compare working capital loans

If you receive multiple working capital loan offers, consider the following factors when picking the loan that best fits your needs:

Interest rate

Additional fees

Repayment term

Loan amounts

Time to fund

Lender support

Pros and Cons of Working Capital Loans

Pros

Offers flexible financing for various business needs

Fast approval and funding available from online lenders

Available to many businesses, even with different eligibility standards

Cons

Potentially high interest costs, especially with factor rates

Frequent repayment schedules, such as daily or weekly, may apply

Some loan options may require collateral or a personal guarantee

Our Business Financing Options

SmartBiz offers multiple funding solutions tailored to help small businesses grow, expand, and manage cash flow with confidence.

SBA 7(a) Loan

$50,000 – $350,000

Low monthly payments
10-year terms
Best for working capital & refinancing

Sub $150k SBA 7(a) Loan

$50,000 – $150,000

Simplified application
Faster approvals
Reduced documentation

Bank Term Loan

$50,000 – $300,000

Fixed rates from 9.99%
2–5 year terms
Fast funding (≈2 weeks)

Business Line of Credit

$50,000 – $100,000

Revolving access to funds
No withdrawal fees
Ideal for cash flow stability

Who Qualifies & What You Need to Apply

SmartBiz partners look for stable, established businesses. Here’s a clear breakdown of the eligibility criteria and documents required to apply.

Eligibility Requirements

Minimum 3 years in business
U.S.-based, citizen or permanent resident ownership
$250,000+ annual revenue
Personal credit score 660–680+
No tax liens, bankruptcies, or foreclosures
Positive cash flow

Required Documents

6 months of business bank statements
1–2 years of business tax returns
Current business debt schedule
P&L and Balance Sheet (if needed)
ID and voided business check (LOC)

Additional business funding options

Merchant cash advance

A (MCA) gives your business fast access to working capital in exchange for a share of future sales. It’s flexible, with payments adjusting to your revenue, and requires no collateral.

Invoice factoring

Invoice Factoring lets your business get immediate cash by selling unpaid invoices to a financing company. This improves cash flow, removes payment delays, and helps you cover expenses or invest in growth without waiting for clients to pay.

Business credit cards

Business credit cards provide quick access to revolving credit for everyday expenses and business growth. They help manage cash flow, build your company’s credit history, and often come with rewards or perks.

Small business grants

Small business grants are funds provided by governments or organizations that you don’t need to repay. They give your business free capital to support growth, innovation, or specific projects.

Crowdfunding

Crowdfunding allows you to raise money from a large group of people online, often in exchange for rewards or early access to your product. It helps validate your idea, build a community, and secure funding without traditional loans.

Peer-to-peer lending

Peer-to-peer lending connects your business directly with individual investors who provide loans online. It offers faster access to funding, often with competitive rates and fewer requirements than traditional banks.

Personal loans

Personal loans give you a lump sum of money that can be used for business or personal needs. They’re repaid in fixed installments and can provide quick funding without requiring business collateral.

Bootstrapping

Bootstrapping means funding your business using your own savings or the revenue it generates, without outside investors or loans. It gives you full control and ownership while growing at your own pace.

Business Loan — Calculator

Working Capital Calculator

Estimate your monthly payment, total cost, and interest for a business loan — plan your growth with confidence.

Loan amount

Min $5,000 — Max $500,000

APR (%)

Annual Percentage Rate for your business loan

Term (months)

From 6 to 120 months

Purpose (optional)

+$10k +$50k +$100k

This is an estimate. Actual rates and terms may vary by lender.

Monthly Payment

Total Interest

Total Repayment

APR

Term

0 months

❓ Frequently Asked Questions

Are working capital loans a good idea?

Ultimately, deciding whether a working capital loan makes sense for your business is a matter of personal choice. However, if you need short-term funding to cover unexpected expenses or to help your operations expand, this type of loan may be a smart option.

What are the rates on working capital loans?

The rates on working capital loans can vary widely by lender. However, it’s possible to get a favorable rate, especially if you have a strong financial profile. For example, Fundbox’s rates start at just 4.66%% for its 12-week term.

Is a working capital loan a line of credit?

Generally, when people talk about working capital loans, they’re referring to a short-term business loan. However, in some cases, it’s also possible to take out a line of credit to cover your working capital expenses.

Working Capital Loans

Working Capital Loans

How to get a working capital loan

Same-day funding

Big loans and no fees

Excellent customer service and no fees

Bad or no credit

Fast approval

Boosting approval odds with collateral

Excellent customer service and no fees

Small loans and no fees

Fair credit

Overall personal loans

Bad credit

Rate discounts

🏷️ How to compare working capital loans

If you receive multiple working capital loan offers, consider the following factors when picking the loan that best fits your needs:

Interest rate

Additional fees

Repayment term

Loan amounts

Time to fund

Lender support

Pros and Cons of Working Capital Loans

Pros

Cons

Our Business Financing Options

SBA 7(a) Loan

Sub $150k SBA 7(a) Loan

Bank Term Loan

Business Line of Credit

Who Qualifies & What You Need to Apply

Eligibility Requirements

Required Documents

Additional business funding options

Merchant cash advance

Invoice factoring

Business credit cards

Small business grants

Crowdfunding

Peer-to-peer lending

Personal loans

Bootstrapping

Working Capital Calculator

❓ Frequently Asked Questions

Ultimately, deciding whether a working capital loan makes sense for your business is a matter of personal choice. However, if you need short-term funding to cover unexpected expenses or to help your operations expand, this type of loan may be a smart option.

The rates on working capital loans can vary widely by lender. However, it’s possible to get a favorable rate, especially if you have a strong financial profile. For example, Fundbox’s rates start at just 4.66%% for its 12-week term.

Generally, when people talk about working capital loans, they’re referring to a short-term business loan. However, in some cases, it’s also possible to take out a line of credit to cover your working capital expenses.

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