Working Capital Loans

Access funds from your Line of Credit when you need it most.

When it comes to covering unexpected costs or taking advantage of a sudden business opportunity, timing is everything. It sometimes feels like you need working capital yesterday!

Formula Funding’s Line of Credit (LOC) program is the solution to this problem.

In the most immediate situations, by the time you find a lender, submit your application, gather supporting documents, then wait for an approval, the opportunity might have moved on. By getting approved for a Formula Funding Line of Credit in advance, you’ll be able to access funds at a moment's notice. You’ll have the flexibility to handle your business's unpredictable expenses and opportunities in a timely fashion, whenever they arise.

This program delivers:

  • Access to a flexible revolving line
  • Only pay for what you use
  • Pay back your balance and pull again when you need it
  • NO collateral or assets required
  • NO hidden fees or costs
  • NO prepayment penalties
  • Lines can be increased over time
  • See FAQ page to learn about our Best Deal Guarantee

Benefiting Your Business

Working Capital Loans Offer Many Benefits for Your Business

Our working capital loans are easy for most business owners to obtain. You'll have peace of mind knowing that any gaps in your working capital expenditures will be covered. Since revenue is hard to predict throughout any given year, these loans prevent the gaps from disrupting your business flow during periods where capital might be tight, and they are structured to be comfortable to pay off.

The Application Process is Simple and Fast

Traditional business loans often require extensive paperwork and a drawn-out approval process – both of which eat up valuable time that could be used more productively. The application process for our working capital loans is simple, straightforward, and quick. Qualification and approval are determined within one business day – which means that you can focus on more critical business tasks rather than being bogged down by a cumbersome process.

Flexible Funding

We won’t restrict how you use your new funds. No matter what aspect of your business operations can benefit from short-term cash infusion, a working capital loan is flexible enough to meet your needs.

Upfront Terms

With our working capital loans, you can rest assured that you will get a package without any hidden fees or costs. And if it turns out you only need the funding for a shorter period of time than you anticipated, you won’t be hit with prepayment penalties.

Successfully Meet Any Challenges you Encounter

Without adequate cash flow, even titans of industry can quickly find their company in peril. But the fact of the matter is that all businesses experience revenue fluctuations based upon a combination of factors, including those where you have little control. Revenue can be significantly impacted by things like the overall state of the economy, any major catastrophic events nearby, actions of competitors, new regulations, a drop in demand, and more. A working capital loan can help you overcome any of these challenges.

Leverage Opportunities

On the flip side, you may encounter a major opportunity that could move your business goals forward. Perhaps you have an opportunity to expand your operations or purchase discounted equipment and inventory. Sometimes these situations are only available for a short period. You don't have to miss out on a great opportunity just because you don’t have the cash on hand.  A working capital loan can provide the cash you need to capitalize on these opportunities when they arise.

No Collateral and you Retain Full Decision-Making Power

Unlike other loans or equity investments, you don’t need collateral, and you certainly don’t need to sacrifice a percentage of your company in return for the funding.

Even if there are issues on the table (low credit score, less than stellar financials, tax liens, no assets or collateral), we have a working capital program to fit your needs. You'll need to show between $15,000 and $500,000 in monthly sales. That usually means your business has been active for at least 12 months.

Find out how much you’re qualified to receive

To get answers to all your questions (to help you to make an informed decision that is in the best interests of your business) fill in the short form, below, or give us a call us today!

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