Working capital eligibility from Liberty Capital
Ideal for businesses foreseeing temporary business activities and will generate revenue within the loans' time periods. Designed for short term capital infusion to help increase cashflow. Typical uses for Business Working Capital Loan include gradual inventory increase, productivity equipment, temporary cash flow management. If your sales volume fluctuates, working capital infusion to generate new business during the indsutry season. Don't pass up unexpected business opportunities just because you are short on operating capital. Simple qualification table for you to understand.
Eligibility for businesses who accept Credit Cards (for approval purposes only)
Liberty Capital |
ACH Repayment |
Transfer Account (dedicated) |
High Transaction Transfers |
Business Ownership |
1 Year |
1 Year |
2 Years |
Documents Required |
|
|
|
Processing Minimums/mo. |
$3,000 |
$10,000 |
$10,000 |
Minimum bank bal(Avg./Ending) |
$5,000 |
$1,000 |
$3,000 |
Minimum FICO Score |
600 |
600 |
540 |
Loan amounts up to |
$100,000 |
$100,000 |
$50,000 |
Cash Advance Balance Payoff |
Under 10k |
Under 10k |
Under 10k |
Eligibility for businesses who do not accept Credit Cards
Requirements |
|
Business Ownership |
2 Years |
Required paperwork to submit |
|
Deposit Minimums/mo. |
15 items deposited/month |
Maximum NSFs/month & Total |
3/3 |
Minimum Average bank balance |
$3,000 |
Minimum FICO Score |
620+ |
Loan amounts up to |
$50,000 |
Cash Advance Payoff |
n/a |
Ineligible Businesses
- Home based business (Internet Businesses with credit card processors)
- Click here to view our Industry Restrictions
- Do not have a separate pesonal and business checking accounts
Eligibility:
Business Type 1: (apply)
- Businesses who accept credit cards
- Credit score as low as 540 is acceptable
- Minimum one (1) year time in business
- Average bank balance of $3k.
- Max loan up to $100,000
- If you already have merchant cash advance, we can pay them off.
Business Type 2: (apply)
- Businesses who do not accept credit cards
- Minimum credit of 620+
- Minimum two (2) years time in business
- Average bank balance of $3-5k
- Max loan amount $50,000
This loan is ideal for when a job requires initial capital or when your season is coming up, but you need cash to pay for inventory. With additional capital you can acquire more contracts, update equipment and launch new marketing campaigns. This loan is not designed to pay off delinguent accounts but to help expanding businesses with limited access to CASH expand and increase cashflow. Short term cash infusion is what your business might need. Don't deprive your business with cash...take care of business today.
ABOUT WORKING CAPITAL BUSINESS LOAN
Working capital business Loan provide small businesses fast cash. Our mission is to bridge the gap between bank loans and alternative financing products such as merchant cash advances. Business working capital loan is proven to create opportunities the success to small business owners. Call us today! 888-798-3976.
Apply Now. Get funded in 7 days!
To talk to your personal Account Manager please call
toll free 888-798-3976 or fax completed application 866-780-8363