Working capital is paramount to every business. Without it, your business dies. Without ENOUGH working capital, your business remains stagnant or possibly ends up moving backwards. That’s why we have several ways to help your business access cash. Explore the possibilities ranging from working capital cash advances, revenue based funding, and business lines of credit, etc..
Often times, an infusion of working capital is just what your business needs to make it past a plateau or simply grow.
Here at The Broker we have many options to help your business get working capital. Some of the options we facilitate ourselves. Sometimes we have funding partners that have better options and we’ll point you in the right direction in that case.
Working Capital Option #1 with Minimum Time in Business of 1 Year
This working capital option has a minimum credit score guideline of 550 or higher. It offers flexible payment plans and the repayment time ranges from 12-18 months. As mentioned, this option requires you to be in business for at least one year. This is pretty amazing since most bank want 2-3 years time in business. Sometimes, banks want more. Banks only want to lend to businesses that are already pretty robust, not the small mom and pop shops.
For more info, please contact Info@TheBroker.Finance or (714) 271-8524
Option #2 | Sale Lease Back
This option is what’s known as a sale lease back of your business equipment. We have quite a few lenders we do a equipment leasing and a sale lease back with. They all have a different appetite and different credit score requirements.
However, one of our lenders will do ANY credit score. They will also allow you to get working capital via a sale lease back even if you have a recent bankruptcy. We’ve even helped someone get their street sweeper out of repossession. For the really bad credit option, we typically need construction equipment and commercial trucks. However, there are lots of collateral options that are accepted. So, If you’re looking for working capital for your business, we encourage you to reach out to The Broker.
For more info about working capital or business lines of credit, please contact Info@TheBroker.Finance or (714) 271-8524
In addition, there several options for QUICK working capital based on revenue based funding and financing. We explore a couple options below.
Revenue Based Funding & Working Capital #2 (larger funding amounts from $10k – $2M)
For this funding option business owners can access anywhere from $10,000 – $2,000,000.00. What’s amazing is that this working capital option only requires 4 months time in business. Another requirement is that monthly sales needs to be $15,000 or more for the most recent three months. You do need a business checking account to make this option work. What’s also amazing about this option is that here is no collateral required and funding can happen within 1-3 days (not 30-90+ days like a bank).
Quick rundown of the qualifications for this option:
- 4+ months in business
- $15,000+ per month in sales (each of the last 3 months)
- Business checking account
- 500+ owner’s FICO score
- Approximate approval amount is usually about 1-2x monthly sales
- Most recent filed business taxes for working capital funding amounts over $150,000
For this working capital option we work with DAC. DAC has one of the largest funding platforms in North America. The DAC platform includes ALL of the top lenders. In plain English, that means they/you have over 17 in-house funding partners. All of them will COMPETE for your business providing you a one stop best offer guarantee. Apply online securely here –> DAC.
Working Capital Option #3 (smaller funding amounts up to $25,000)
We also have a working capital option for smaller funding amounts up to $25,000. It’s really similar to what’s mentioned above, but with slightly different parameters, etc.
Here’s a quick rundown of the qualifications for this working capital option:
- Funding amounts up to $25,000 (sometimes up to $35,000)
- The approximate approval amount is usually = 75% of monthly sales
- A good payment history can earn you more
- 6 months minimum time in business
- $5,000+ per month in sales (each of the last 3 months)
- Must have a business checking account in the business name
- 550+ FICO
- Business Entity: Any type, but must have EIN# for business
- Same Day and / or next day approval AND funding. Lightning fast.
Again, for this working capital option we work with DAC. DAC has one of the largest funding platforms in North America. The DAC platform includes ALL of the top lenders. In plain English, that means they/you have over 17 in-house funding partners. All of them will COMPETE for your business providing you a one stop best offer guarantee. Apply online securely here –> DAC.
Gig Worker Working Capital Option# 4 ($500.00 – $5000.00)
We have a unique somewhat new funding option for gig workers. For this working capital option you don’t need to have a business bank account.
- Up to $5000 instant approval.
- Same or next day funding
- Approval amount is about 25% of monthly sales
- Personal bank account aloud
- Must have at least $3,000 in monthly sales
This is another option where we work with DAC. DAC has one of the largest funding platforms in North America. The DAC platform includes ALL of the top lenders. In plain English, that means they/you have over 17 in-house funding partners. All of them will COMPETE for your business providing you a one stop best offer guarantee. Apply for gig worker working capital online securely here –> DAC.
Business Line of Credit for Businesses $5000 – $100,000
Some businesses may be eligible for a revolving line of credit. The line of credit funding amount may be anywhere from $5000 – $100,000. The amazing part about this working capital line of credit is that you only need to be in business for 1 year. Therefore, we may be able to help businesses that can’t go to the big banks to get financing. The credit score requirements go down to 550. Keep in mind, not everyone can get the full $100,000. It just depends on all the particulars.
Here’s a quick summary for this working capital business line of credit option:
- Business Line of Credit Funding range $5000 – $100,000
- 1 year in business only requirement
- potentially as low as a 550 personal FICO
- Monthly revenue / sales should be $15,000+ (for the most recent 3 months)
- Easy to understand draw fees
- Anywhere in the United States
This option is best served by DAC as well. With that said, Please click here to learn more or apply for your working capital business line of credit –> DAC Business Line of Credit.
Remember, we operate as a business finance broker. Therefore, we have MANY options. If you don’t see what you’re looking for here, please email us to see if we have an outlet at Info@TheBroker.Finance
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